Top 3 Benefits of Using ERP Systems

Managed service providers (MSPs) are now providing dynamic ERP systems for a wide range of businesses. An ERP system shares a common database for all areas within a company. This innovative system allows you to gain much-needed insights into your company by giving a general overview of a wide variety of items, such as sales, human resources, inventory, finances, and much more. Here are just three of the main benefits of using an ERP system in today’s workplace:

1. Improved Efficiency

One of the primary benefits of this innovative system is that it can significantly boost efficiency for your entire company. Instead of relying on outdated information, an ERP system will allow you to identify any areas that need improvement and will allow your business to operate much more efficiently. You will also have access to a wide range of reports that can help your company make better decisions and improve productivity throughout each department.

2. Improved Client Relations

Another advantage of using ERP systems is that it can have a significant impact on improving your relations with each client. A much more efficient company will be able to complete tasks quicker and better meet the unique needs of each customer. Ultimately, this will allow you to build long-lasting relations with clients and can help you improve the reputation of your company. Satisfied clients are much more likely to recommend your company to others, which results in a much better bottom line for your business.

3. Reduced Costs

A managed service provider (MSP) can help your business minimize costs by letting your employees gain access to an ERP system. Instead of trying to learn multiple tools and software, an ERP system allows you to access all of this information in one place and is simple for anyone to use. Instead of constantly purchasing new software, an ERP system will allow your company to access vital information in a user-friendly system.

Choosing to partner with an MSP that specializes in ERP systems is the perfect choice for your business. An MSP can guide your employees on how to use this innovative system, allowing your business to become more efficient and better meet the needs of each client. Michell Consulting Group is an MSP that can help your business reach new levels of success through the use of this innovative software. Contact us now for more information and see why this technology is such an excellent investment for your business!

Understanding MRP and ERP Systems: Which Software System is Right for Your Business?

Industry jargon can be overwhelming, especially when many acronyms are involved, like MRP systems and ERP systems. They sound almost alike and are actually a lot alike. It’s no wonder people confuse these two a lot. But wonder no more! Here’s a simple explanation of what they are, how they’re the same, and how they’re different:

MRP Systems

MRP stands for manufacturing resource planning or material requirement planning. It refers to the mechanism manufacturing companies used to determine what materials they need and when they need these, as well as calculate how much of these they need in terms of optimum quantities. MRP systems are designed to automate the whole aforementioned processes.

ERP Systems

ERP stands for enterprise resource planning. Large businesses often use ERP systems to manage various manufacturing processes like MRP systems do and also to manage data in a single, centralized location. With that in place, data can be consistently drawn from one source, ensuring processes don’t duplicate data which is important for both data quality and integrity.

The Similarities and Differences

ERP systems are more business-centric and not just manufacturing-centric. Thus, you can say that MRP systems are an example of ERP systems, but not the other way around. MRP systems are specially designed for manufacturing processes, while ERP systems are made for different kinds of business processes, not just supply chain management or resource management, but also for human resource management, financial management, etc.

Thus, if you’re in the manufacturing industry, you may need both MRP systems and ERP systems depending on the size of your company. If you’re running a large company, working with ERP systems may be more beneficial to you because different solutions for various processes can be integrated together for a more streamlined approach. But if you’re running a small company, working with MRP systems may be the better option because you can pick and choose which standalone software to use for your company’s highly specific needs. It’s simpler and cheaper, and you can always upgrade to ERP systems once your company’s needs expand to include non-manufacturing business processes.

Whether you need MRP or ERP systems, we at Michell Consulting Group are happy to help you. Based on your company’s objectives, we’ll provide you the necessary tools and applications to secure success for your business now and in the future. Contact us now for more information.

A Look at ERP Systems and POS Systems Integration

The average retail business and even those comparably small mom and pop shops have several software applications running simultaneously. Each of these apps handles a distinct aspect of the business. This means numerous software applications are performing different functions, integrating with one another and sharing information. Let’s take a closer look at the integration of ERP systems and POS systems.

ERP and POS

When businesses integrate ERP systems with POS systems, considerable care must be applied. Customers have plenty of purchasing options available through e-tailers and other brick-and-mortar stores. If your business software cannot keep pace with customer demands, it might be time for the integration of ERP systems and POS. The integration of these systems will ramp up efficiency and give your business a mobile presence to satisfy ever-changing customer demands.

POS is valuable in that it executes transactions instantaneously. POS is not tied to a computer. Rather, it is completely functional on a smartphone or tablet. Your staff really can use a touch screen to boost sales, maximize efficiency, and monitor inventory in real-time.

The Value of ERP and POS Integration

The integration with ERP ultimately allows front office operations and back office processes to work in unison. Once your fully integrated retail system is humming along, your business will get the most out of the front-end POS, back-end accounting, and stock management. There might also be connections with supply chain partners for the full streamlining of processes across departments.

Integrated mobile POS gives your team information in a moment’s notice. Sales professionals and others will be able to tap into the data they need to close deals, please customers, and ultimately make that much more money. This influx of information also makes it easier to provide recommendations, upsell and cross-sell. POS and ERP integration makes it that much easier to close sales regardless of location. Integration keeps overhead costs in check and still syncs customer data to perfection.

Integration benefits customers in that they are provided with highly personalized service, the information they need and as efficient of a customer service experience as possible. Finally, ERP and POS integration ameliorates the challenges of inventory management. Those in the back office can let employees in the front know when certain items are available at other locations to maximize sales. It is even possible to set alerts when specific problems arise such as items being out of stock.

Are you in need of tech support? Michell Consulting Group can help. Whether you need remote desktop support, onsite IT support, software solutions, help with ERP systems or other tech assistance, we are at your service. Contact us now for more information.

Why ERP Systems are Essential for Your SMB

Enterprise resource planning (ERP) is an integral component of the modern small to medium-sized business (SMB). ERP systems for SMBs come in a variety of kinds, some more reliable than others— almost all of them facilitated through cloud-based Software as a Service (SaaS).

Basically, cloud computing compounds computational ability, predicting real-time data acquisition and utility. Visibility increases, as do insights. It’s possible to determine where impediments are obstructing progress and eliminate them. You’re additionally able to reduce operational costs in other ways by adding or subtracting certain personnel/hardware as tech provides the same service.

Some distinct advantages of ERP software include:

Reduction in Complication of Infrastructural Planning

ERP systems require a marked reduction in necessary planning. The infrastructure of SaaS is external to your site in the data center of the company providing SaaS solutions. Top-tier security without the capability of most SMBs additionally defines SaaS provision. Accordingly, you don’t have to pay nearly so much to experience the kind of benefit you’ve come to expect from software designed to manage your infrastructure.

SaaS Management Provides Essentially Turnkey Service

Because SaaS is a cloud-based service projected remotely, all you’ve got to do is pay a monthly subscription free and voila— you’ve got management solutions providing you in-depth data through an easy-to-navigate interface requiring little to no training for essential mastery. Different SaaS solutions will require different levels of training, so be advised. That being said, you’ll likely have much less difficulty navigating cloud-based SaaS solutions. You shouldn’t expect delays in the speed of your programs, and you should expect better BDR, or Backup and Data Recovery, in the event of an incident.

A 70-80% Cost Reduction Compared to Similar On-Site Solutions

If your yearly fees for hosting an ERP solution were $100k, then the same solution from a SaaS ERP sector would be $20k to $30k a year. Such substantial reduction is common, and one of the chief advantages of securing SaaS ERP. Something else to consider is that cloud computing solutions can solve many other issues as well. You can find Desktop as a Service and Device as a Service (both DaaS); there’s also Hardware as a Service (HaaS), and more. When using SaaS, you have the potential to use many additional cloud “as a Service” solutions.

ERP systems provided by Michell Consulting Group can help you reduce infrastructural management costs while increasing your control over operations. Contact us for more information on ERP solutions and how they can enhance operations.

5 Ways ERP Systems Can Increase Efficiency

Using ERP systems is highly effective in improving productivity and allowing employees to operate at a much more efficient level. ERP is a software solution that focuses on creating various modules that link departments together with real-time updates of data. ERP software is also highly versatile, as companies can choose from multiple modules that are the most relevant to their organizational needs. Here are five ways that ERP software can increase business efficiency:

1. Integrate Management

One of the main benefits of using ERP software is that it enables users to gain access to multiple areas of business, such as customer information, invoices, and various data. This added integration plays a crucial role in helping managers become more productive and gain access to vital information in real-time.

2. Cost-Effective

Another advantage of using ERP systems is that it is a cost-effective solution that can significantly reduce the costs related to inventory and managing information. Each department is able to gain access to a central database, which makes it much easier to handle large amounts of data without worrying about multiple data centers. This increase in efficiency will help reduce operational costs and makes it much easier to track inventory.

3. Strategic Planning

The use of this innovative software plays a vital role in strategic planning and helping managers pinpoint a target market. This software also allows managers to gain immediate access to important information that can expedite the decision-making process and help significantly improve productivity.

4. Greater Control of Finances

ERP software allows businesses to have greater control of finances, which makes it much easier to boost profits and reduce any unnecessary expenses. These cost savings can quickly add up over an extended period of time and makes the investment in an ERP system well worth it for any organization.

5. View Organizational Performance

The development of this software allows your managers to view organizational performance in a wide range of areas. A management team can easily see an individual performance and identify any areas of improvement. Ultimately, this software can play an important role in improving employee performance and helping your business reach its full potential.

Using ERP systems plays a vital role in organizing information that is easily accessed in a central location. At Michell Consulting Group, we offer the latest software tools available to help businesses increase efficiency and improve the bottom line. If you wish to learn more about the newest tech, feel free to reach out to us at any time and schedule a free consultation.