Sebastián Barbosa O./November 23, 2021 /Dynamics 365/Digital Transformation/ 3 min read

What is ERP & Why it Benefits Your Business?

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What is ERP & Why it Benefits Your Business

What is an ERP system?

An Enterprise Resource Planning (ERP) is a business system that manages and automates an organization’s financials, operations, supply chain, and overall business processes. This management software helps companies utilize a system of integrated applications between different departments while gaining insight and breaking down data silos.

Why is an ERP crucial for your business success?

Modern, fast-paced business environments demand visibility and adaptability to help drive business growth. Adopting a digital transformation strategy with modern ERPs benefits the way products are developed, empowers supply chain capabilities, and improves the customer experience while companies:

  • Improve business operations
  • Experience revenue growth
  • Drive change in the workforce

Furthermore, technological evolutionary changes have both simplified and improved modern ERPs to help connect your processes, systems, and data while getting the required intelligence and adaptability to optimize your operations. By implementing an ERP, your business will:

  1. Accelerate optimal performance
  • Integrated solutions with Artificial Intelligence (AI)
  • Access insights that improve decision-making
  • Enhance operational performance

2. Drive operational impact

  • Seamlessly connect your processes and data
  • Bring better visibility and flexibility to your employees
  • Deliver more value across your busines

3. Ensure your business agility

  • Built-in solutions that adapt to your needs
  • Boost your business growth
  • Readily respond to any operational disruption or change

Features & benefits of ERP systems

Features & benefits of ERP systems

With 360-degree visibility of your business operations, you’ll be prepared to respond proactively to any change in requirements, regulations, or processes while maintaining every system in compliance, reaching:

  1. Optimized operations

Automate, prioritize tasks and data integration of ERP systems to improve control over disconnected areas.

2. Aligned teams

Break down data silos and elevate your business productivity while encouraging collaboration between departments.

3. Unified data

Keep a centralized data repository from all departments, eliminate duplication, and upgrade data accuracy while reducing errors.

4. Enhanced decision-making

Make data-driven decisions and predictive insights with updated information about your business.

5. Lower costs

Reduce overall costs and increase efficiency while decreasing mistakes and discovering issues before they happen.

What Microsoft Dynamics 365 ERP can do for your business

Microsoft Dynamics 365, the umbrella that encompasses the Microsoft Business Solutions Ecosystem, has proved to be a Leader in ERP systems for both small and medium-sized enterprises (SME) and large organizations, utilizing different modern and intelligent business solutions.

Dynamics 365 helps you streamline your everyday financials and operations with upgraded cloud apps that go beyond conventional ERP and CRM systems with unified data and an adaptable platform for your business while providing a modernized workforce and business intelligence.

Dynamics 365 & Power Platform solutions

  • Develop intelligence in your decision-making
  • Rapidly adapt to changing market demands
  • Break down data silos with Dynamics 365
  • Empower your employees to make better and faster decisions
  • Deliver improved results with end-to-end cloud apps and much more.

Microsoft offers two individual firmly connected solutions that comply with specific regional and industry regulations, Microsoft Dynamics 365 Finance and Dynamics 365 Supply Chain Management (SCM). Leverage the robust solution of Dynamics 365 Finance to accelerate business growth and improve financial performance through a rapid, reliable, and easy-to-analyze accounting and financial system across your organization. And elevate your manufacturing and supply chain operations from reactive to proactive by harnessing predictive insights and intelligence to improve productivity with Dynamics 365 SCM.

Sources:

Microsoft. https://dynamics.microsoft.com/en-us/erp/define-erp/

Microsoft. https://dynamics.microsoft.com/en-us/erp/what-is-erp/

Thank you.

Third-Party Applications Integration with Microsoft Dynamics 365

I hope this blog was insightful to help you understand what an ERP is and why it is essential to elevate your business.

Sebastián Barbosa O.
Technical content writer

Read more blog entries by Sebastián Barbosa O.

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