Here are 3 key impacts of a modernized ERP:

1. Improved Planning and Reporting
2. Improved Management
3. Improved Customer Experience

Improved Planning and Reporting with an ERP

Planning and the use of data through reporting is key to the success of any organization, that’s not a secret. But the effectiveness of reporting and planning depends heavily on the reliability of your data and how you use it. Additionally, modern ERPs have the advantage of business intelligence built-in or inherent ability to interface with powerful BI tools to support more effective planning through advanced analytics and algorithms. 

Furthermore, these data-based algorithms and analytics are often industry-based, further expanding the power of the tool. The result of all of these factors is empowering an organization with the ability to truly plan and operate proactively and not reactively.

Improved Management with an ERP

So you’ve improved your planning and data analytics, now how do you leverage your daily operations? The benefits of a modern ERP are applicable in day-to-day operations as well. Often, legacy systems require “bolt-on” or many different systems that connect via data exchange to complete a set of tasks. Take distribution for example. There may be one system for order entry, another for pricing application, another for route management, another for warehouse management and picking, and yet another for delivery management. WHEW! That’s a lot of data transfer!

Perhaps the greatest downside to the multiple systems model is the lack of real-time transparency across the organization. Sales don’t know when an order is on a truck and warehouse managers don’t have insight into when sales are finalized. As a result, teams are required to query for information, adjust planning frequently, and spend extra effort posting status’ to message boards. Modern ERPs solve this issue through 2 key functions: 1. real-time information available to users across functional areas and 2. end-to-end management of the process via a single technology.

Improved Customer Experience with an ERP

Planning and execution are great, but what is the real value add result? What is the real benefit for the organization that will help drive it forward? Advantageous planning and careful execution have a direct impact on many areas. Key amongst them is an improved customer experience. Planning allows you to tailor your efforts towards key groups of customers that will drive growth. Once onboard, these clients will also benefit from the transparency of information and the internet of things. A client no longer has to wonder where their shipment is, they can access a portal, view the status of their order, and submit requests or claims through a single point of entry. 

So What?

There are many organizations currently operating on legacy systems. Are they surviving? Maybe. Are they excelling and maximizing their growth potential? Most likely not. These 3 advantages are just a few of the key impacts of a modern ERP. The bottom line is that an organization will benefit greatly from a single source of truth that improves decision-making, makes operations more efficient and improves the customer experience.

If your organization is considering a modern ERP selection, it’s important to make the right choice. Check out TSI’s service offering and how we can help with selecting the right solution, as well as the aspect of implementation management and organizational change management that are important to the success of any software project.

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TSI was fortunate to have been selected from many consultants to work with the fastest growing company in history to complete its ERP evaluation and implementation.  TSI started by performing an inventory of this organization’s technology architecture since the number of acquisitions caused the number of disparate software projects to become excessive.

TSI then led the evaluation, selection and implementation of, what we have been told, is the fastest project of this nature that any of our colleagues has heard of.  TSI, presented with Groupon at NetSuite OneWorld in 2011.

Within just six weeks, Groupon went live with NetSuite OneWorld in five international markets. In three months, twenty-six international markets are expected to be live, replacing hundreds of spreadsheets with a single cloud ERP system to achieve real-time global financial consolidation/management, as well as support for multi-currency management, local taxation compliance, reporting and analytics.

Click here for more information –

https://www.youtube.com/watch?v=sDztlcvEwYg

Check out TSI’s experienced team of consultants and the services that we provide that can help your business optimize it’s performance on any scale

The post Fastest ERP Evaluation, Selection and Implementation appeared first on Transforming Solutions Inc..