It can be challenging to find the right ERP system and there are a lot of choices to decide from. Regardless of what ERP system to go with, there are some key ERP system features that are a must.
The right ERP system features can decide whether or not your business can achieve its full potential.
In general, Enterprise resource planning (ERP) is the "integrated management of main business processes, often in real time and mediated by software and technology. ERP is usually referred to as a category of business management software—typically a suite of integrated applications—that an organization can use to collect, store, manage, and interpret data from many business activities."
ERP systems can either be local based or cloud-based like Blastramp is and the latter is becoming increasingly popular. A cloud-based ERP software is hosted and managed offsite in the cloud by your vendor. Cloud-based ERP software systems can be used for your accounting, procurement, project management, risk management and compliance, sales, and fulfillment needs. Such a system lets you manage all your business operations in one central location without paying for multiple applications and worrying about data duplication.
This article will go over 6 ERP system features that are a must for your business.
Reporting is how you can analyse your business and can come in many different formats. Some formats can be pie charts, bar graphs, charts, dashboards, and many more.
Here at Blastramp, our reporting capabilities give you real-time data at your fingertips. You can identify what’s working for your business and mine your data to constantly improve.
With our cloud-based ERP system, you can see the following:
With a cloud-based ERP software system, you have data coming in from numerous departments into one central software system. When a cloud-based ERP software system is set up correctly, data from departments such as accounting, manufacturing, supply chain, sales and human resources (HR) feed into one central location. You can then use all this valuable information to get valuable insight into the direction of your business.
Your company would not be able to operate properly day-to-day without inventory management. Inventory management lets you understand the stock mix and the different demands on that stock at any given point. Our Blastramp software for example, provides real-time stock lists and instant access to customer details to bring your brand to a new level. Having this information available lets your brand make better buying decisions and manage your supply chain with ease to get through any period. Another reason inventory management is a crucial feature is that it helps track spending. You want to make sure that your business remains profitable and it’s always in good financial standing.
This is one of the most important ERP system features, if not the most important. Having financial management capabilities will help your business track at any given time its income and expenses. Your business can properly plan for sustainable growth or cut back on costs if it's needed. Having an ERP system with accounting capabilities is essential to truly understand the success of your business. You will want to find an ERP system with financial features such as accounts payables, accounts receivables, reporting, and payroll to name a few. Not all ERP systems will completely replace the need for accounting software, but what it can do is manage the key areas that matter most to your business.
Integration refers to an ERP system connecting with other applications. Businesses use multiple tools for their day-to-day business needs and ERP systems integrate with them to centralize all of the data.
Take the example of our integration with Shopify.
Shopify users can manage their orders, manage their suppliers, and other sales channels, and can keep track of all their operations in one single dashboard. You can see real-time analytics to help you manage your inventory levels and make essential business decisions. Blastramp makes it easier than ever for merchants to manage all their Shopify orders and returns — from partial fulfillment to multiple warehouses order management. We help growing online businesses automate most of their operations tasks to ensure they can focus on what's important - growing their business and allowing you to save valuable time and money.
You want an ERP system that makes your day-to-day operations easier. Automating repetitive tasks, such as payroll, invoicing, reporting, and much more frees up more valuable time to grow your business. Getting rid of manual tasks and setting up automation processes can get departments across your business all on the same page while minimizing human errors.
Technology is always changing and you need an ERP system that lets you work from anywhere. A lot of businesses nowadays have team members around the globe in different time zones a lot of the time. You want an ERP system that is mobile friendly and that can be accessed properly no matter where you are. Having a mobile friendly ERP system can further increase the productivity of your team, letting team members work from mobile devices such as smartphones and tablets. The ongoing COVID-19 pandemic has made working from home a popular choice for many businesses and if you find that your brand is better with remote work, you’ll need to first ensure that you have the right software capabilities before sending your staff out of the office.
Blastramp is an easy-to-use cloud-based order and inventory management software designed to support B2B and B2C Brands manage their inventory and sales orders. We specialize in integrating multiple client systems and seamlessly synchronizing with third party applications. And, our comprehensive platform was designed and developed based on direct feedback from the markets we service and experts in the supply chain industry.
Unlike most order and inventory management software companies that follow the traditional one-size-fits-all approach, Blastramp has been designed to support businesses of all sizes in their growth cycle.
As a growing business, we understand that more of your time and money should go into the actual work of serving your customers instead of worrying about buying an expensive order and inventory management software subscription.
We take great pride in offering customizable plans and solutions for the brands that use our order and inventory management software.
The cost structure for our order and inventory management software is straightforward based on a pay-as-you-go model. Our essential plan starts at $295/month*, providing you with tools to take your order management to the next level.
* Excludes one-time set up fee of $495
Now we’ll explore the features that are included in our plan and the boosters you can add based on your specific business needs.
What's in your plan?
The features listed above make our essential plan a great option to start off with as your business continues to grow. With all of our customers, we begin by learning about your business; your products and your primary focus, the platforms and channels you use, and how you communicate internally within your organization and externally with vendors and suppliers. Once this assessment has been completed, we can then create a roadmap with your team to discuss other features you might need a couple months down the road, or perhaps a few years later. Regardless of which stage your business is in the grow cycle, Blastramp’s order and inventory management software can easily adapt and adjust to your brand’s needs.
If you have any other questions that need to be answered, feel free to email us at email@example.com.