Why do organizations need ERP software? What’s the main purpose of it, and is it beneficial for companies that have adopted it? Today, in this blog, we will answer these questions in the simplest way.

Many organizations today still rely on traditional software that is disconnected in nature as well as spreadsheets that are manually updated. These manual processes are one of the reasons behind miscommunication between departments, inefficiency in productivity, and costly errors. As businesses expand, these challenges also grow making it even more difficult to scale operations, maintain compliance, and improve or speed up the processes.

Different industries have different levels of compliance regulations which can sometimes be challenging to maintain, especially when there is no secure system in place to ensure compliance with industry rules. The best way to address these challenges is by using ERP software which centralizes all core business functions in one place. Your finances, inventory, HR, sales, and other critical departments can be easily integrated into a single platform that ensures accurate data flows into every department in real time.

Before discussing the benefits ERP software brings to an organization, let us first explore the core problems today’s businesses face.