Benefits of an ERP in decision making

To conclude, we will explain which is one of the most competitive ERPs on the market and why your company should have SAP Business One as an ally when it comes to improving productivity, collaboration between departments, and, of course, decision-making. Don't miss it!

The importance of an ERP in decision-making

Information is power. If we apply this saying to the business sector, it helps us understand the importance of data when it comes to improving a company's competitiveness. Your company, even if it is an SME, is already handling a lot of information, which will give you the power to make better decisions and increase your business's profitability.

You may not have realized it, but information about your customers, sales, purchases from suppliers, the destination to which your products are exported, or the speed of the manufacturing process are invaluable data. You might have all that information on various digital platforms or even some of it in physical record books. In that case, you are not fully exploiting the power of your critical information.

Shaping the chaos

Now you know: with every action, your company generates valuable information. But if all that flood of data is not organized, processed, and correctly stored, it is useless. A famous advertising slogan said: "Power without control is useless." And how do you control the potential of your data?

The answer is just three letters. An ERP is the solution to organize the chaos in your company's data. Additionally, business management software also unifies your company's information, processes it, and converts it into graphs, statistics, and reports.

Then, the saying comes true. The information of your SME is power, decision-making power to steer the course of your business.

How does an ERP help in decision-making within the company?

Let's explore five aspects in which an ERP helps to make better decisions within a company. Each of them corresponds to some of the functionalities provided by this type of software to manipulate business information.

Data Collection

An ERP can collect information from a company through different modules that connect with the various areas of the organization. Each module is responsible for managing the data generated in a specific process, such as accounting, inventory, production, or sales.

In this way, all departments are feeding the platform with their own data. Subsequently, the ERP will store and process them to help you make decisions more quickly and accurately.

Information Unification

Another notable point of an ERP is that it integrates all the modules into a centralized database, where information is stored and updated automatically. In this way, the ERP allows for a global and unified view of all business activities.

This solves a recurring problem in companies: each department has its own record system. On the contrary, everything is unified in one place, offering complete and contextualized data with information from other sections of the organization.

Efficiency in data querying

Another benefit of an ERP in decision-making is that it improves efficiency when consulting data. This is possible thanks to what has already been mentioned, that is, that it unifies all the company's information in a single database.

As a result, it avoids having to access different sources of information, which may be scattered, outdated, or duplicated. With an ERP, data can be accessed quickly and easily from any device and location, simply by entering the username and password.

Real-time data

An ERP is capable of offering real-time data, which means that the information displayed is always up-to-date and reflects the current state of the company. How does it achieve this? Well, the key is that it synchronizes all the modules that connect with the different processes of the organization and automatically records the changes that occur.

With real-time data, you can have greater control and monitoring of business activity and react faster by making accurate decisions at all times.

Reports, statistics and much more

An ERP not only stores and organizes company data, but also allows generating reports and charts with the data in the system. ERPs like SAP Business One generate real-time reports and charts, which are very useful for visualizing and analyzing information clearly and easily, and for drawing conclusions and recommendations.

SAP Business One puts your company's data under control

SAP Business One is the leading ERP for SMEs. It has a presence in hundreds of countries and thousands of customers around the world. It is a very powerful tool for business management that allows you to bring your business data under control.

With SAP Business One you will meet all the objectives analyzed in the previous section. This reliable ERP helps you to:

• Unify your databases.
• Consult your company's information in real-time and immediately.
• Generate reports and statistics.
• Make accurate decisions in a few seconds.

And how is SAP Business One implemented in a company? The first step is to talk to a digital advisor who has experience in this sector. They will be responsible for designing a plan and adapting the software to the needs of your company.

Contact now with SEIDOR and let us put at the service of your SME several decades of experience in the world of SAP Business One and ERP.