REPORT

ON
IMPORTANCE OF
BUSINESS INTEGRATION
IN ERP
ERP INTEGRATION IN BUSINESS

ERP is the abbreviation for Enterprise Resource Planning which is an integration of the core business
processes in an organization with the aid of process management software. The core business processes
that can be integrated include marketing, sales, shipping, payments, manufacturing and service delivery.
An integrated ERP system can therefore be defined as a set of business management software used in
collecting, storing, managing and interpreting data from the organization's many business activities.
Before an integrated ERP system came in to place, most organizations focused on automating the back
office functionalities and forgot about the public. With integration, the ERP now has functions such as
customer relationship management, supplier relationship management, e-commerce, e-finance e-telecom
and e-government in one place. An integrated ERP system comes with the best practices guaranteeing
your organization effectiveness in the performance of its business processes.

MAIN OBJECTIVES BUSINESS INTEGRATION IN ERP

Data Accuracy: with software that accurately stores all information in an easily accessible place, ERP
integration eradicates errors and time-consuming manual processes.

Real-Time Data Access: Rather than gaining access to critical data tomorrow, next week, or even next
month, you can view everything in one place when you need it.

Automation: by integrating your ERP with the rest of your business platforms you can eliminate the need
for redundant and manual data entry.

With integrated ERP, your entire company functions as a whole, not as separate departments with
separate agendas. Whether you are working with remote or in-office personnel, with ERP integrated
successfully into your company structure, you’re set up for success.

IMPORTANCE OF BUSINESS INTEGRATION IN ERP

Make your business more agile: In a rapidly evolving business climate, being able to respond to change
is essential. A good ERP system is flexible, modular and scalable enough to adapt to shifting market
dynamics and changing customer needs. You can initially implement specific applications that make
sense now and add on seamlessly integrated applications as needed as your business grows.

Drastically increase efficiency and productivity: Inefficient spreadsheets, manual workflows and
outdated software can inhibit your business growth. An ERP system can streamline your entire
organization and put your data all in one place, enabling more accurate reporting and a more efficient,
collaboration-based and data-driven work environment.

Save on unnecessary costs: Running your business with an ERP system creates efficiencies that make
your business leaner as it grows. Many businesses report that they are able to expand without adding
additional staff or IT costs. The cost of implementing an ERP system is easily eclipsed by the ROI of a
more efficient, fully optimized business environment.

Improve security and accessibility: while reducing risk and hardware costs by moving your ERP to the
cloud. Embrace the future of information systems with a modern ERP hosted in a secure cloud. Moving
your ERP applications to the cloud allows you to scale, extend and upgrade quickly. It also increases
visibility and accessibility even further, taking full advantage of an ERP system’s capabilities.

Gain a professional partner: When you upgrade to an ERP system, you also gain the partnership of
your ERP implementation provider and all the support – from implementation and training to software
support to community membership that they have to offer. Some ERP systems have dedicated user groups
and communities that open up entire networks of industry innovators and dynamic brands.

Grow your business: An ERP system can eliminate inefficiencies, wasted time and wasted resources,
empowering your business to thrive and flourish. If you’ve been burdened by an inability to keep up with
demand because you’re limited by conventional systems or stagnant legacy ERP systems, upgrading to a
modern ERP system frees your business to realize its true growth potential.

CONCLUSION

The utilization of Enterprise Resource Planning software allows companies to decrease the time it takes
the company to get paid for its goods or services after the sale. Employing an ERP system allows for
increased cash flow. The utilization of the ERP system’s integrated system architecture removes the
necessity for multiple, different systems to be used within the company and consolidates to the same
system across multiple geographies. Different locations can use and see the same data regardless of the
physical geography and eliminates the knees for storing redundant data in multiple physical locations.
The ERP system also eliminates the requirement for each location to upload or extract data to and from
the central data storage site.ERP systems increase productivity by integrating data and processes across
multiple departments and location which allows our company to move product faster, process orders
quicker, invoice customers more aptly and reconcile shipments sooner. Information flow is the lifeblood
of any company. Utilizing an ERP system allows access to a multitude of company information. The ERP
system also tends to have more accuracy and relevancy because it all comes from one source, not multiple
sources. The ERP system will provide the company various reporting tools and make generating time
sensitive and up-to-date information faster and more users friendly.