Industry insights from Mincron

Just what is an ERP solution anyway? And why do you need one?

Posted by Mary Jo Martin

Navigating the alphabet soup of technology terminology can be challenging for some of us right-brained mortals. It’s filled with acronyms that don’t give much of a hint about what they stand for — much less for what they do.

Let’s start with ERP systems. Even their full name, Enterprise Resource Planning, doesn’t really explain much. So what are they? And what can they do for you?

Here’s the lowdown. Think of an ERP system as the command center of your enterprise. It’s the central hub that collects, stores, manages and interprets data from all activities within your business, and then uses a shared database to facilitate the flow of that information throughout the organization.

Why is that important? Because it means that all your employees are working with the same data and toward the same goals. So as your team performs their daily functions, the system seamlessly integrates all operational areas — which gives staff access to real-time information that enables them to perform their tasks more efficiently and accurately.

Beyond that, it gives designated management an overview of the up-to-the-minute status of inventory, sales and financials. These Key Performance Indicators provide the knowledge your management needs to proactively make decisions and react quickly to events.


Driving your business

An ERP system can streamline and automate business processes that increase productivity and eliminate redundancy. It allows you to define your business processes to maintain control over how much leeway staff has with important issues like pricing and purchasing.

Our ERP solutions will comprehensively support virtually every area of your business:

  • Inventory management
  • Inventory control
  • Purchasing
  • Order processing
  • Pricing
  • Sales analysis
  • General ledger
  • Accounts payable
  • Accounts receivable
  • Receiving
  • Transfers
  • Truck routing.

We also offer applications that specifically focus on particular areas and services that your business might offer, like e-commerce, showrooms, warehouse management and fabrication and much more.

Our solutions are flexible — meaning they can be customized to meet your company’s special needs — and scalable — meaning they work equally well with multi-national corporations and one-location family businesses, and at every level of your company. Those features also mean our solutions will easily adapt to changes within your organization — whether it’s adding new users, functions, branches or divisions, for example.

 The hosting of ERP systems has become more flexible as well. Several methods of hosting are now available: 

  • On-premises, which requires an investment in specific hardware to power them and IT specialist to maintain them  
  • Leasing the hardware for a monthly fee that includes service and maintenance 
  • Software-as-a-Service or Cloud-based solutions that are hosted and managed by the software vendor.

 There are benefits to each type of deployment, which gives you the opportunity to weigh your options and determine the best fit for your operations.


The nitty-gritty

Implementing a new business management solution is a big decision and a significant investment. So why do you need it?

In a nutshell, it provides the strategic tools and competitive edge you need to maximize your margins and profitability. The significant advantages you’ll experience typically will produce your ROI within just a few years.

Here are a few of the measurable benefits you’ll realize with our comprehensive ERP solutions:

  • Streamlined processes
  • Improved productivity
  • Educated decision making
  • Increased sales
  • Enhanced service
  • Reduced costs.

Ultimately, all of that equates to improved margins, greater profitability and the ability to grow your business.

For those making a decision about investing in a new ERP system, it is important to select a software solutions provider that will be your partner when it comes to integration, implementation and training, and who will be there for the long-term with ongoing dedicated customer support.

Mincron, part of the Kerridge Commercial Systems Group, is highly respected for its leading business management solutions as well as for its commitment to a service-oriented culture.

We hope to have an opportunity to earn your business and your trust.

For more information, we invite you to look through the various sections of our website, email us or call 800-299-7010.

 By Mary Jo Martin

Marketing Manager


Categories: Business Intelligence, ROI, ERP


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