By: Vareen Azad, Date: 02/02/2019
What are Enterprise Resource Planning?
ERP systems, or Enterprise Systems, are implemented to modernize a company’s information technology, thereby decreasing costs and creating new opportunities, in order to reach an best business performance. It can systematize and link a wide range of processes, such as supply chain management, inventory control, sales support, customer relationship management, accounting, human resources and almost any other data oriented management. Running through different departments and functions, these systems have a large potential effect on both the organization and its performance.
An important difference between ERP systems and other business information technologies is the real-time messaging and sharing of data. During recent years, ERP system has seen a great improvement globally and specially in Kurdistan region through the development web and service provider companies such as StandigTech company who is ready to provide ERP system for any kind of companies such as:
Companies that Integrate financial information:
When the management of the organization tries to understand the company’s overall performance, s/he may find many different versions of the truth. ERP creates a single version of the truth that cannot be questioned because everyone is using the same system.
Companies that Incorporate customer order information:
ERP systems can become the place where the customer order lives from the time a customer service representative receives it until the loading dock ships the merchandise and finance sends an invoice. By having this information in one software system companies can keep track of orders more easily, and coordinate manufacturing, inventory and shipping among many different locations simultaneously.
Standing Tech help companies to standardize and speed up manufacturing processes:
There are a lot of manufacturing companies in Kurdistan specially Erbil – those with an appetite for mergers and acquisitions—often find that multiple business units across the company make the same transaction / recording / report using different methods and computer systems. ERP systems come with standard methods for automating some of the steps of a manufacturing process. Also ERP helps the manufacturing process flow more smoothly, and it improves visibility of the order completion process inside the company. That can lead to reduced inventories of the materials used to make products (work-in-progress inventory), and it can help users better plan deliveries to customers, reducing the finished good inventory at the warehouses and shipping docks.
Standing Tech helps in standardizing HR information:
In Erbil, there are a lot of companies with multiple business units, HR may not have a unified, simple method for tracking employees’ time and communicating with them about benefits and services. ERP can fix that.
Benefits of Enterprise Resource Planning (ERP):
Following are some of the benefits they achieved by implementing the ERP packages for companies in Erbil:
- ERP gives accounts payable personnel increased control of invoicing and payment processing and thereby boosting their productivity and eliminating their reliance on computer personnel for these operations.
- More efficient cash collection, material reduction in delay in payments by customers.
- Better monitoring and quicker resolution of queries.
- Enables quick response to change in business operations and market conditions.
- Helps to achieve competitive advantage by improving its business process.
- Improves supply-demand linkage with remote locations and branches in different countries.
- Reduce paper documents by providing on-line formats for quickly entering and retrieving information.
- Improves timeliness of information by permitting posting daily instead of monthly.
- Greater accuracy of information with detailed content, better presentation, satisfactory for the auditors.
- Improved cost control.
- Faster response and follow up on customers.
- Provides a unified customer database usable by all applications.
- Willcocks, L. P. and R. Sykes (2000). “The role of the CIO and IT function in ERP.” Communications of the ACM 43(4): 32 -38.
- O’Leary, D. E. (2000). Enterprise Resource Planning Systems : Systems, Life Cycle, Electronic Commerce, and Risk. UK: Cambridge University Press.