What makes ERP unique over other systems?
What makes ERP unique over other systems?
An ERP, otherwise known as enterprise resource planning software, helps small businesses, larger companies and everyone in between better manage core processes.
Because of its widespread usage, the ERP market is expected to reach over 97 billion USD by the end of 2022. When compared to other IT segments, ERP is in particularly high demand. Some of those IT segments include widely used data center systems, such as CRM and job costing software.
ERP software is especially sought after by professionals in the cleaning and security industries. It’s widely used for reducing costs, minimizing risks and improving productivity. Without ERP software, businesses often experience inefficiencies such as duplicate data entry and manual error, which can directly affect a company’s profit margins, in addition to other downsides.
Automated business processes
Learning what makes ERP unique over other systems starts with understanding its ability to automate everyday business functions and processes. Using other systems requires the user to enter the same data into different software, which can lead to the following headaches:
- High error rate because of too many manual, data entry errors
- An inconsistent, poorly integrated database across multiple systems
- Opening access to data sensitive programs to multiple staffers, which makes an organization more vulnerable to online threats
ERP software eliminates the need to enter the same data into multiple systems. Staffers tasked with payroll, scheduling, and human resources work can spend their time on other assignments. Oftentimes, those same employees can instead perform more high-value work.
Maximized and fully integrated data
Another answer to the question of what makes ERP unique over other systems involves accessing transparent and trusted data. Once a business accesses that kind of information, it’s easier to use that business intelligence to achieve scalable growth.
For cleaning and security professionals, cloud-based ERP software provides effective workforce data gathering and tracking tools. Increased visibility of field-based teams along with detailed mobile forms translates to more transparent reports and properly maximized data.
Multiple software providers can individually help with these kinds of industry challenges. But managing multiple technology partners can come with its own challenges and risks. An ERP-supported system eliminates the need for multiple technology partners. This benefits businesses through:
- Seamless data share
- Alignment on core functions such as operations, finance, HR and payroll
- Reduced relationship management and billing with outside vendors
However, ERP supports one technology database. All of that information is stored in one reliable online space and integrated throughout the entire system.
Maximize Company Data Through Reporting
Effective cost control through job costing
Understanding what makes ERP unique over other systems also involves job costing. Tracking the costs of specific jobs and investigating how overhead costs can be reduced is more than just a solid business practice – it’s necessary for growth.
Other online tools offering job costing systems, such as accounting software, helps with that task. But ERP implementation takes that a step further:
- Perform thorough job costing across every workflow within the company
- Tie all expenses to each individual job
- Ensure every financial process is accounted for
- Combine workforce management with job costing tools
ERP software enables professionals to perform job costing throughout the entire organization. Everything from payroll to accounts receivable and payable are accessible for job costing, since business performance involves identifying and reducing costs at every level.
Timely information
When compared to other software systems, ERP also provides access to more timely data. Instead of using multiple software to exchange information, professionals using ERP systems can accomplish the following:
- Decreased lag-time in data collection
- Lessen the number of duplicate tasks, because processes are streamlined
- Provide more expedient response time to urgent matters
- Make more effective decisions with increased, readily available information
Three Tips to Improve Your Job Costing with Data
Is your business a good fit for an ERP system?
TEAM Software by WorkWave is trusted by 58% of the top guarding firms and used by 75% of the largest cleaning companies in the US. The reason we know so much about these industries is because we’ve been there.
When we first started out, we were cleaning and security professionals just like you. We didn’t have the tools to meet our back-office, financial and operational needs. So, we built one from scratch. Over the years, we’ve learned about the challenges in the cleaning and security markets by working closely with industry leaders.
Stop juggling multiple tasks and toggling back and forth between different solutions. Consolidate those tasks by switching to one ERP solution. Access data concerning financials, supply chains, operations, commerce, reporting, manufacturing and human resources all in one place.
Request a demo to learn more about the benefits of ERP in relation to business operations. Find out how TEAM Software by WorkWave can help with measuring operational efficiency. Then learn how to use ERP software to improve operational efficiency and inventory management processes to provide better customer satisfaction.