Enterprise resource planning (ERP) is at the very heart of how you manage your core business processes. It may well be the case that you currently have manufacturing and accounting software working independently to provide you with real-time analysis and data insights on separate systems.
There are some compelling reasons why you should consider the idea of integrated systems for manufacturing and accounting software rather than relying on two separate standalone systems.
Here are some key reasons why a combined system could benefit your business and open up the opportunity to harness the full reporting power of an on-premise or cloud-based ERP solution.
A more streamlined approach
A combined ERP solution that encompasses your manufacturing and accounting processes will create a more streamlined approach to the daily management of your business, and choosing the right system can help drive automation for manufacturing companies.
When you streamline your process in this way, it gives you greater visibility across a range of different functions, all the way from design and development through to finance, sales and delivery.
More accurate costings
By having all the data you need from one combined accounting and manufacturing software package, you'll be able to generate more detailed and accurate costings.
One of the key benefits of a combined ERP solution is the automation it delivers, such as the ability to issue invoices automatically as soon as goods are shipped.
These detailed insights will also help you be more cost-efficient and identify potential issues with ease - it provides an improved reporting and analysis process.
You already understand the need to be able to respond to changing market conditions, and this combined ERP approach will enable you to adapt at a faster rate when needed.
When you are enjoying a 360-degree view of your business in one place, it makes forecasting trends easier and allows you to capitalise on new opportunities at a faster rate.
Customer satisfaction is always a primary goal for any business. When you enjoy greater control over your inventory, manufacturing processes, and accounting functions, it will allow you to be more proactive and efficient. Your sales and aftercare teams will also have all communication activities all in one place to refer to, allowing them to respond quickly to any queries. This increases the level of efficiency and communication is great for customer retention.
Improve your strategic decision-making ability
It stands to reason that if you have a comprehensive ERP solution that is delivering greater visibility across processes, you should be able to benefit from this by making more informed decisions.
When you have such a high level of visibility of your internal processes, it can transform your ability to make accurate and timely decisions that benefit the business in different ways.
When you reduce your dependence on manual or standalone data, it can help enhance the production process and could even improve profitability as a result of this approach.
Reduced administration and operational costs
Harnessing the power of a combined ERP solution can reduce operational and administrative costs as a result of being able to create a more accurate overview of your manufacturing workflow.
It should also allow you to enjoy greater inventory control and virtually eliminate the duplication of certain tasks. Combined manufacturing and accounting software really can give you the perfect overview of your business.
If you're looking for on-premise and cloud ERP solutions, contact the team at WinMan today.