21 Ways to Achieve Business Success with Cloud ERP
Business success for most organizations relies on the ability to provide fast, friendly and accurate order fulfillment. Achieving those goals means that every step in the process from order placement to invoicing needs to run efficiently and smoothly. In order to adapt and grow, over time you will need to change your tools and processes in order to keep up. Challenges you may need to address with your software include increased order volumes, higher expectations from your customers and changes in business complexity.
We’re here to help you as your business navigates its way through the inevitable growing pains of becoming a larger and more successful operation. For more than 20 years, members of the Trek Global team have been providing organizations with the automation and management tools they need for business success. Below, we’ve identified 21 important ways you can improve your efficiency and achieve business success with cloud ERP:
21 Ways Cloud ERP Helps Achieve Business Success
1. Improves visibility to your inventory
By implementing a solution like Trek Cloud ERP, you will obtain real-time insight to your inventory across multiple locations.
2. Improves the accuracy of your inventory data
Especially for growing businesses that are migrating from QuickBooks or other accounting software to their first ERP solution, inventory inaccuracy is a major problem. We’ve helped companies identify millions of dollars in lost or misplaced inventory and resolved serious inventory issues. For some companies, this step alone can provide an instant return on your investment in ERP.
3. Helps you contain your material costs
With Trek Cloud ERP, companies have been able to reduce their inventory. Money that’s been tied up in slow moving inventory has been able to be used for something else.
4. Eliminates duplicate manual data entry
Trek Cloud ERP provides you with an integrated set of solutions to manage the core of your business. By eliminating manual data re-entry into spreadsheets and other disparate solutions, companies have been successful in reducing their administrative and operational overhead by as much as 25%.
5. Speeds up fulfillment so you get paid faster
Businesses have achieved a 24% decrease in cycle times of their key business processes using cloud ERP. When you reduce your business cycle times, you reduce the amount of time spent from the placement of the order to fulfillment and billing.
6. Reduces the time customers have to cancel orders
This is a natural consequence of reducing fulfillment time and it has a positive impact on your bottom line. Get the order to your customer quickly, before they have the opportunity to change their mind and cancel!
7. Creates happier customers with faster and more accurate fulfillment
For many companies, your business success requires the repeat visits of loyal customers.
8. Helps you make better decisions
Trek Cloud ERP provides you with real-time dashboard views that show the operational status of your business. With better insight, your managers and executives can catch and fix small issues before they become bigger (costlier) problems.
9. Streamlines communications
Using Cloud ERP, your team has the tools they need to stay on top of what’s next in the work flow. No more forgotten conversations and lost sticky notes. Your business success relies on teamwork and collaboration, and as business volume increases you will rely on automation in ERP to achieve this.
10. Improves product traceability
You’ll be able to easily track lot and batch numbers, ingredients, quality control test results and expiration dates. If there are product recalls or other issues, your business won’t be disrupted for long since you’ll have fast insight to the data you need.
11. Complies with industry regulations
Compliance is easier to achieve and takes significantly less time with Trek Cloud ERP. You can run a compliance report and if your system is integrated with the regulatory organization you can process that report so the data quickly and easily flows directly through to them.
12. Provides insight to demand
Integrated ERP provides purchasing with fast and easy insight to demand, whether it’s coming from Sales Orders, Work Orders or Replenishment needs.
13. Allows for Just in Time inventory
Your purchasing staff can utilize the Just in Time method of inventory, including managing orders across many open Sales and Work Orders. You will tie up funds for a shorter period of time when you are able to purchase closer to when material is actually needed in a manufacturing or assembly process.
14. Allows for easier auditing
Auditing completed steps in the system is as simple as pulling a report. You can quickly check on what hasn’t been received or fulfilled, thereby reducing delays that would have resulted in unhappy customers.
15. Achieves a Lean environment
With the automation cloud ERP provides, you can improve processes organization-wide by reducing the time involved in each step from orders all the way to invoices and payments.
16. Manages streamlined warehouse processes
You can have your ERP flow orders to the floor using wave management or batching, or another streamlined approach for intelligently grouping orders.
17. Integrates with other solutions
Trek Cloud ERP has flexible APIs that allow for easy integration with other solutions. You can connect your webstores, Point of Sale (POS) systems, CRM and other software for even greater efficiency.
18. Makes projections based on past sales
Data and reports in Trek Cloud ERP make it easy for your team to assess need, identify trends and make adjustments for seasonality.
19. Anticipates inventory needs
Having insight to your inventory needs is an important element of business success, but many organizations struggle for a long time before putting a good inventory management system in place. Inventory management inside Trek Cloud ERP helps you to anticipate your inventory needs, such as by setting rules based on order amounts, frequency, min-max levels and more.
20. Reduces inventory obsolescence costs
One way to reduce inventory obsolescence costs is to identify older stock that must move first. First In First Out (FIFO) rules, for example, can be applied to make this task much simpler.
21. Focuses you on the core of your business
Employees will have more time to focus on the core of your business, rather than manual, time-consuming processes. With employees turning their attention to such matters as innovation and achieving excellence, you can achieve greater business success.
Ready to Achieve Greater Business Success?
Contact us today to discuss how we can help you with your business automation and management needs. We would be glad to provide you with a demo of our solutions and discuss our flexible pricing options.