If your business utilizes an ERP software system, you know how useful of a tool it is and how it can influence key decision-making processes. One area that ERP software systems are really good for are reports, but you need to ensure a proper process is in place to get accurate information.
There are a number of ERP reporting strategies that can be implemented to reduce any headaches you may experience with day-to-day reporting.
Here are 3 key ERP reporting strategies to implement for your brand.
You want to first check all of your data sources. Identify what data you want to be fed into your ERP and if that data is correct. For example, you might be feeding data from Excel sheets into your ERP system. You’ll want to confirm that the data in those forms are correct and that fields are being transferred correctly. Once these issues have been identified and fixed, you can confidently say that your reports are accurate and informed business decisions can be made.
You don’t need to start from scratch! Many ERP systems have pre-built dashboards you can use. Your dashboard serves as the central interface of your system. It’s what you see first and where you get a snapshot of your entire business. Having a properly laid out dashboard lets all your team members track their progress on different projects and have access to valuable data to make informed decisions. For the most part, you want your ERP dashboard to show the following components:
The great thing about a properly-functioning ERP system is that it can give you an in-depth look into your entire business. Data from different departments - such as sales, marketing, inventory, returns, and accounting can be compared with one another to give you valuable insight into your business operations. You can clearly identify if your current marketing campaigns are yielding more sales, or if there are any discrepancies between current inventory numbers and your accounting department. Issues are going to arise regardless, but identifying them quickly before it becomes too big of an issue is the key here.
At Blastramp, we make ecommerce growth simple. Our software is a smart solution for all your order and inventory management needs. Blastramp provides your business with real-time data at your fingertips
All this data collected will allow you to know what’s working and how you can constantly improve your business.
With Blastramp, you get the following reporting benefits:
If you’re interested in learning more about our cloud-based ERP software, you can take advantage of our Blast Academy, a set of training modules and step-by-step tutorials that guide you to get the most out of our cloud-based ERP software. Whether you’re looking for an answer to a specific question or want to build your Blastramp skills, our Blast Academy is the perfect one-stop-shop for your training needs. With Blast Academy by your side, you’ll be an expert in no time!
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