Time is money – the less of it you spend on business processes, the more of it you’ll be able to save, equating to higher profit margins and greater scope for productivity. It’s only natural to seek out ways to enhance and streamline your daily processes so that you can enjoy these and other benefits for yourself.
Many businesses rely on Enterprise Resource Planning (ERP) software to assist with this process. While basic ERP software has everything a company needs to enjoy increased productivity, it’s capable of much more than you think. Here are some of the many essential add-ons that can take your business to the next level.
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1. Invoice Automation
Studies have shown that financial report accuracy is generally much higher in businesses with invoice automation. If you upgrade to invoice automation in Pronto ERP, for example, you can limit human errors that lead to costly incorrect financial calculations.
This add-on allows businesses to perform complicated real-time calculations faster and with greater accuracy than the average stressed and time-poor business owner. You might even find that it helps you close each financial month faster and enjoy increased profitability.
2. Inventory Management
There are few things more frustrating than having a customer buy something online that you no longer have in stock, requiring you to provide a refund. It’s equally annoying when incorrect stock numbers lead you to over-order or under-order products.
An inventory management add-on for your ERP software can be a game-changer in this respect. This unique add-on allows you to watch the flow of goods in real-time, which means you have up-to-the-minute information on stock numbers and can order new stock at just the right moment to keep everything flowing smoothly.
Also Read: How To Take Your Business to the Next Level
3. Customer Relationships
Studies show that customers are willing to pay more for superior customer service. While you might not want to spend money on an ERP software add-on like customer relationship management, it might be one of the most worthwhile things you do.
Such an add-on allows you to gain insight into buying behavior, the interaction histories of each customer, and purchase history. With this information, you can provide a more personable service for each customer, including targeting products to them for potentially increased sales.
4. Human Resources Module
As a business grows, its staffing needs become more complex. A small team can be transformed into a large one across multiple departments, and it can be challenging to keep up with data sharing, personnel records, and employee entitlements.
All employee-related tasks can be made much easier by adding a human resources management add-on to your enterprise resource planning software. Business owners or dedicated HR managers can access employee information across all departments and obtain far more accurate insights to allow for easier decision-making.
One of the primary benefits of using resource planning and HR software is the automation of routine tasks. Time-consuming activities such as payroll processing, attendance tracking, and leave management can be seamlessly handled through the software. By automating these processes, businesses can eliminate the risk of human errors, reduce administrative burdens, and increase overall efficiency. People management software by SenseHR comes equipped with advanced analytics and reporting capabilities. HR managers can generate insightful reports and track key metrics, such as employee turnover rates, training effectiveness, and absenteeism trends. Armed with this valuable data, businesses can make data-driven decisions, implement targeted strategies, and optimize workforce performance.
5. Supplier Relationship Management
Running a business is a team effort between you, your employees, and your customers. However, without a strong relationship with your suppliers, you might not be able to provide the products and services your business needs to function at its best.
Adding a supplier relationship management module to your ERP software will allow for even better collaboration between you and your suppliers than ever before. Such modules will enable you to track deliveries, keep an eye on funding, and manage your inventory. You’re also able to build supply plans with your suppliers and find out when to expect goods in real-time.
Standard ERP software can undoubtedly enhance your business practices, but there’s value in using it to its full potential. Consider the top-rated ERP add-ons above, and you’ll be pleasantly surprised at how seamless your daily business operations become.
Alex is fascinated with “understanding” people. It’s actually what drives everything he does. He believes in a thoughtful exploration of how you shape your thoughts, experience of the world.
