Benefits Of ERP  Specifically, key business benefits of ERP software are

Enhanced Business Reporting:

Better reporting tools with real-time information

A single source of truth – one integrated database for all business processes

Better customer service:

Better access to customer information

Faster response times

Improved on-time delivery

Improved order accuracy

Improved Inventory Costs:

Only carry as much inventory as needed, avoid these common issues

Too much inventory, and higher overhead costs

Too little inventory, and longer customer fulfillment times

Boosted Cash Flow:

Better invoicing and better collections tools to bring cash in faster

Faster cash means more cash on-hand for the business

Cost Savings:

Improved inventory planning

Better procurement management

Better customer service

Improved vendor relationship management

Better Data & Cloud Security:

Dedicated security resources

Avoid installing malicious software

Data distributed across multiple servers

Business Process Improvements:

Automate manual or routine tasks

Implement smarter workflows

Gain efficiency

Supply Chain Management:

Effective demand forecasting and lean inventory

Reduce production bottlenecks

Transparency through the business