Table of content
- 5 Steps Of Custom ERP Development
- ERP Testing: What Is It and Why Is It Important in 2023?
- 4 Benefits of Custom ERP Software for Supply Chain Management
- 4 Tips for an Error-free ERP Customization Process
- 5 Ways to Optimize Your Production Workflow
- A Complete Guide to Different Types of ERP Systems
- 5 Reasons to Opt for Custom ERP Software
- 4 Unique Benefits of Custom Business Software
- Top 3 Questions to Ask Your ERP Provider
- 6 Signs Your Business Needs an ERP System
- Everything You Need To Know About Manufacturing ERP
- 8 Tips For Seamless ERP System Integration
- 4 Tips To Optimize Production Processes With ERP Software
- Implementing Custom ERP In Small Business Operations
- The Role of ERP In Digital Transformation of Industrial Business
- 5 Benefits of ERP Software For The Education Sector
- 5 Key Outcomes of Integrating ERP Into Hospitality Business
- 3 Ways In Which An ERP Software Can Boost A Company’s CSR Campaign
- Why ERP Software is Essential In The Wholesale Distribution Industry
- 6 Ways Healthcare Industry Can Benefit From Custom ERP Software
- 6 Benefits of Custom ERP Software For a Food & Beverages Manufacturing Business
- 3 Prevalent Myths About Cloud-Based Manufacturing Software
- How to Get Started with Ecommerce ERP Integration
- ERP vs Production Management - Which Software Will Suit My Business?
- How Can Custom ERP Software Strengthen A Manufacturing Business?
- ERP System: Features, Benefits and Reasons You Should Buy It
- How Can ERP Software Aid Product Recall In The Automotive Sector?
- Forecasting, Inventory Management And Supply Chain
- Debunking 3 Myths About ERP Systems
- 4 Challenges of Developing In-House Custom ERP Software
- 7 Phases of Effective ERP Implementation
- 3 Major Classifications Of An ERP System
- 3 Fundamental Differences Between Generic And Custom ERP Software
- 3 Tips To Manage ERP Customization
5 Ways Custom ERP Software Can Improve Workflow
ERP has been one of the most talked about software technologies in the last 20 years. It started with a simple Manufacturing Resource Planning system that helped companies manage inventories and reconcile balances. Closer to the 1990s, it evolved into a system that more or less resembled today’s Enterprise Resource Planning software.
The demand for ERP systems reached its peak in the mid 2000s when companies realized that it is not only a tool to manage their day-to-day operations but also a feature that differentiates them from the competition.
The prominent feature of today’s ERP systems is their customization. An existing ERP system can be customized with additional modules, or a fully independent custom ERP solution can be created from scratch to be as unique as the business it’s built for. Read on to further learn how custom ERP software can improve the workflow.
How Can Custom ERP Improve Workflow?
Reduces operational costs
As custom ERP is a great automation tool, it helps reduce operational costs. By helping automate many repetitive manual tasks, the custom ERP software streamlines day-to-day operations while also allowing businesses to save on labour costs and employees to open new opportunities for career growth.
Helps spot and resolve bottlenecks
Custom ERP software solutions allow companies to oversee the entire workflow and ensure a high level of operational transparency. This allows managers to easily spot bottlenecks and take proper actions to eliminate them. The system’s data analysis tool allows managers to identify the root of the problem and adjust the existing strategy or implement new ones to improve business’s output.
Enhances collaboration between employees
Communication gaps are one of the most common reasons why companies fail to achieve their goals. Custom ERP software allows for better inter-department communication which positively affects all processes within the company.
Improves data security
Custom ERP’s advanced data management tools allow managers to control who has access to what information, ensuring better data security and minimizing security threats. Employees have access only to the information they need to perform their job duties. This ensures that the information doesn’t fall into the wrong hands.
Increases customer satisfaction
Some custom ERPs can have a Customer Relationship Management system embedded so businesses can manage their customer orders and coordinate the production process accordingly. An integrated CRM system positively impacts all business processes, from inventory to finances. Companies can go further and ask for an online ordering system to be integrated with the CMS to give their customers more freedom to manage their orders.
What is an example of an ERP system?
The number of ERP software products offered on the market is extensive. At Vestra Inet, a custom ERP software development company in Toronto, we custom-build ERP software for clients in the manufacturing and distribution industry looking for unique solutions tailor-made to their business. We offer a comprehensive unit that supports crucial aspects of business operations such as finances, inventory, production management, custom product configuration, online order management etc. Building systems from scratch, we refine their functionalities to make sure they solve the most sore points of your day-to-day business operations
Who uses custom ERP software?
Custom ERP software is used across a multitude of industries. From metalworking and manufacturing to healthcare and food industries. Fore and more businesses consider ERP to manage their day-to-day activities and streamline their workflow. In fact, according to Finances Online, the global ERP software market values are projected to reach $96.71 billion in 2023 and 97.15 billion in 2024. Industries that have shown to benefit from the ERP use are the following:
- Manufacturing and distribution
- Food and Beverage
- Non-profit organizations
Is custom ERP the same as CRM?
The job of a CRM system is to manage the relationships between companies and their customers. A custom ERP software is a more comprehensive solution that manages all aspects of a business’s vital functions. Along with finances, inventory and production management, CRM can be an individual module that comes in an ERP package.
What are the types of ERP systems?
Since their first implementation, ERP systems evolved significantly. Today’s ERP systems are categorized based on their availability, industries they serve and deployment:
- Custom, Ready-made and Hybrid
- Generic and Industry-specific
- Cloud-based and On-premise
Custom ERPs are designed to meet the specific requirements of a business. A business reaches out to a software development company, lays out their requirements and the company develops a solution tailored to those requirements. A custom system is entirely built to mimic a business’s workflow, boosting its efficiency and simplifying all operational processes.
A ready-made ERP system is a generic solution “built for all”. It comes with a set of modules that target common problems faced by businesses (finances, inventory, production management etc.).
A hybrid solution is a combination of both ready-made and custom systems where an existing ready-made system is complemented with custom features. Read our blog on the different types of ERP systems to learn more about custom, ready-made and hybrid ERP solutions.
Generic ERP solution is similar to the ready-made one. It includes the most commonly-used modules and generally caters to businesses of small to medium size.
Industry-specific software is oriented at businesses in specialized industries. An example of such is an ERP system for the metalworking industry.
The main feature that makes an on-premise ERP system different from the cloud-based one is the way it’s deployed. On-premise ERP is fully installed on the company’s computers and is available for use to only a certain number of users. At some point of time businesses realized that this feature was a huge limiting factor. So, they had to turn to a more flexible solution like cloud-based ERP which is hosted on the vendor’s servers and can be accessed from anywhere where access to the Internet is available.
How long does it take to implement customer ERP software?
It takes anywhere between 4 to 6 months to implement custom ERP software. However, this timeframe greatly depends on the complexity of the system, the amount of customization to be done and a few other factors. The average time to set up a small business with a custom ERP software is 12 weeks. It is also important to take into consideration the employee training period - you will be able to experience the full potential of the system only after your employees are fully comfortable with using it.
Is custom ERP worth it?
The answer is “yes”, irrefutably. Custom ERP is an all-in-one software tool that supports day-to-day business operations and helps achieve business goals. It is also the software that helps companies stand out among competitors. According to a 2020 report by Technology Evaluation Centers, close to 50% of companies were planning to or were already implementing an ERP system or an upgrade to their old one. This tends to suggest that the number of companies that will switch to using ERP will only grow in the following years.
Custom ERP is an investment worth its penny. If you want to speed up your operational workflow, you need to consider implementing a custom ERP solution into your workflow. If you would like to learn more about how custom ERP can improve your work routine, read our blog on the five reasons why custom ERP is the solution to go for.