My name is Olga.
I recently joined the Fusion Practices Team and attended my first online meeting, taking my first steps in the consulting industry.
Can you imagine how the abbreviation ERP sounds for someone like me who has been working in the travel industry for the past ten years? Trust me – you can’t. But word-by-word, as Charan passionately spoke, I understood that it was not so scary as I thought.
- Finance – tax and accounting records are maintained, budget planning
- Labor personnel
- Interactions with partners – maintaining a detailed history of transactions with customers.
Given that this is an expensive and technically complex solution, it becomes clear for whom it is intended. Its main buyers will be large companies and those who seek to develop/grow at a serious pace. Usually, those businesses that find it difficult to keep records on their own and want to optimise part of the volume of tasks choose to implement ERP.
What does an ERP system consist of?
There are three main parts:
- Platform – This is the base with some capabilities, the environment in which the built-in elements will work.
- Control over money – The database is stored here, the methods of storing and processing arrays are taken into account, there are tools for interpretation, software for working with it.
- Modules – These are the components that will be connected at the request of users. Each of them has its own functionality and exists independently of the others.
Benefits that businesses get
- Data availability
- Agreed information.
- Supervision of staff and productivity
- All separate parts become one.
What problems can you end up with?
Unfortunately, the introduction of this software into the company requires a thorough study of how to use it, and, accordingly, time. Here comes the conclusion – the most valuable things often get through hard work.
My conclusion: ERP – big future for great companies!