Benefits of ERP

Here list of benefits from ERP system

• Increased control of invoicing and payment processing. ERP system does transactions according to given instruction.
• Reduce paper documents by providing on-line formats for quickly entering and retrieving information.
• Improves timeliness of information (Monthly reports to Daily reports ).
• Greater accuracy of information with detailed content,better presentation.
• Satisfactory for the auditors.
• Improved cost control.
• Faster response and follow-up on customers.
• More efficient cash collection.
• 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.
• Provides a unified customer database usable by all applications.
• Improves international operations by supporting a variety of tax structures,invoicing sachems,multiple currencies and language.
• Improves information access and management throughout the enterprise.

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