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What is an ERP system?

Do you know what a business system or ERP system is?

A cloud-based ERP system is essential for modern companies due to its flexibility, scalability, and cost-efficiency. With a cloud-based ERP, businesses can easily adapt to changing market demands and scale their operations without the need for significant upfront investment in IT infrastructure. This type of ERP system offers real-time access to data and processes from anywhere, at any time, facilitating remote work and global business operations.

Take care of your business

Streamline the management of your company

A Business System or ERP System (Enterprise Resource Planning System), is a modular system that helps you manage, streamline, and carry out processes needed in your business. This can include invoicing, accounting, inventorying your stock, making purchases, and paying suppliers, among many other things. It is also a system for digitally managing daily tasks and storing data about your business. All information, administration, and control thus occur in one and the same system.

What does an ERP system consist of

An ERP system includes more functionality than programs that only manage finance and accounting. ERP systems are typically aimed at larger companies that need to streamline and manage central processes in a digital system. Here, there is support for managing the business’s finance and accounting, supply chain, operations, commerce, reporting, and manufacturing, as well as personnel and HR. Everything is gathered in the same system, under the same platform, which, of course, is a major advantage when you do not need to jump between different systems.

Old ERP systems

Previously, ERP systems were software that did not communicate with other systems. They stood isolated, and integrations with other systems were costly and difficult to perform. A lot of development was required for them to work with other systems, if it was even possible, making it a cumbersome and expensive endeavor that also became difficult and even more costly to upgrade. Ten years ago, most business systems were locally installed, with data stored on local servers or in server halls at a provider’s location.

New ERP systems

Today, systems are flexible, and built on new technology, and an increasing number of ERP solutions are available in the cloud. The systems no longer stand alone but have greater potential to function, that is, to integrate with other systems, technologies, or platforms. Changes in the software can be implemented more quickly, and updates to business solutions can be rolled out faster. With a cloud solution, such as Microsoft’s Business Central Online, upgrades are done automatically, so you get the latest and most secure version without having to lift a finger.

How to know when it’s time to switch ERP systems

Outgrown what you have today
The market imposes new demands that your current business solution does not support
You are stuck in an overly customized solution
You no longer have support for your core processes and flows
You perform manual work… Also.
Your business solution does not support new technology

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