Enterprise Resource Planning system implementation streamlines the internal business processes and enables smooth flow of information between the various departments. The benefits of ERP are many and can be seen in the areas of management control, strategic planning and operational control. ERP system facilitates the day to day management, aids in reducing the costs and supports strategic planning. Some of the benefits of ERP are as below:

1. Efficiency: The new ERP system implementation eliminates the labor intensive processes and the duplication of the efforts. The business is more efficient as it is streamlined and data collection is easier. Automated systems improve the entries and make the process simpler.

2. Data: The Enterprise resource Planning system provides the management with real time data and it is easy to access the data anytime. This aids in taking quick and right decisions by the management.

3. Functionality: Benefits of ERP is that it increases the functionality and eliminates the problems of out grown data. The system is more robust and offers better functionality for the users.

4. Data Security: The Enterprise Resource Planning system implementation helps to enhance data security and data integrity.

5. Consistent Data: The ERP system is an integrated system which replaces the multiple databases with a single system. It integrates the various systems and data sources which aids in consistent information.

6. Costs: One of the benefits of ERP is that it reduces the operating costs. It results in reduced production costs, reduced marketing costs and reduced inventory costs.

7. Standardization: The ERP systems are usually based on industry best practices and so the companies can utilize these business processes to standardize their own business processes. There is a decrease in the human errors and increase in transparency which improves the operations.

8. Visibility: The benefits of ERP can be realized by the improved visibility due to the centralization. It enables the company to track inventory levels regularly.

9. Integration: The integration of data enables easier access and work flow. The software modules help the business functions to coordinate and share a centralized database which ensures proper business communication. This reduces the loss of data and the benefits of ERP are also realized in the efficient method of data recovery in case needed.

The benefits of ERP can be realized if it is implemented in a proper way. The implementation requires a lot of planning and coordination. It changes the working of the company, so the employees should be willing to adapt to the changes in order for the company to reap the benefits. The various benefits of ERP result in faster service which saves time and money. It also provides easy and quick access to the account histories and provides abundant information to enable improved analysis. The ERP system implementation multiplies the cost savings, offsets the system operation costs and improves management. It empowers the various departments to measure program performance and results. Savings of time and effort in data entry and production of reports are other benefits of ERP.

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