{"id":1185,"date":"2023-04-03T08:48:45","date_gmt":"2023-04-03T08:48:45","guid":{"rendered":"https:\/\/nenody.com\/?p=1185"},"modified":"2023-04-03T08:58:57","modified_gmt":"2023-04-03T08:58:57","slug":"erp-software-types-and-benefits","status":"publish","type":"post","link":"https:\/\/nenody.com\/erp-software-types-and-benefits\/","title":{"rendered":"Exploring the World of ERP Software: Types and Benefits You Need to Know"},"content":{"rendered":"<h2><strong><div id=\"ez-toc-container\" class=\"ez-toc-v2_0_65 counter-hierarchy ez-toc-counter ez-toc-light-blue ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/nenody.com\/erp-software-types-and-benefits\/#Types_of_ERP_Software\" title=\"Types of ERP Software\">Types of ERP Software<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/nenody.com\/erp-software-types-and-benefits\/#1_On-Premise_ERP_software\" title=\"1. On-Premise ERP software:\">1. On-Premise ERP software:<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/nenody.com\/erp-software-types-and-benefits\/#2_Cloud-based_ERP_software\" title=\"2. Cloud-based ERP software\">2. Cloud-based ERP software<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/nenody.com\/erp-software-types-and-benefits\/#3_Hybrid_ERP_software\" title=\"3. Hybrid ERP software\">3. Hybrid ERP software<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/nenody.com\/erp-software-types-and-benefits\/#What_Industries_Can_Benefit_From_ERP\" title=\"What Industries Can Benefit From ERP?\">What Industries Can Benefit From ERP?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/nenody.com\/erp-software-types-and-benefits\/#What_Are_The_Benefits_Of_ERP_Software\" title=\"What Are The Benefits Of ERP Software?\">What Are The Benefits Of ERP Software?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/nenody.com\/erp-software-types-and-benefits\/#What_ERP_System_Do_Most_Companies_Use\" title=\"What ERP System Do Most Companies Use?\">What ERP System Do Most Companies Use?<\/a><\/li><\/ul><\/nav><\/div>\n<\/strong><\/h2>\n<h1><strong><span data-preserver-spaces=\"true\">ERP Software: Types and Benefits<\/span><\/strong><\/h1>\n<p>Curious about ERP software? Check out our latest post to learn about the different types available and the benefits they can bring to your business. From streamlining your operations to boosting your profits, we have got you covered. Keep reading to explore the world of ERP software!<\/p>\n<h2><span class=\"ez-toc-section\" id=\"Types_of_ERP_Software\"><\/span><strong><span data-preserver-spaces=\"true\">Types of ERP Software<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">There are three types of <a href=\"https:\/\/nenody.com\/what-is-an-erp-software-and-system\/\">ERP Software<\/a>. These ERP software programs function with different deployment models. They are:<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf On-premise ERP software<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Cloud-based ERP software<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Hybrid ERP software<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><span class=\"ez-toc-section\" id=\"1_On-Premise_ERP_software\"><\/span><strong><span data-preserver-spaces=\"true\">1. On-Premise ERP software:<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">This refers to the ERP software programs implemented and maintained on-site on a physical office or site. They are hosted on the organization&#8217;s or computer&#8217;s servers and computers and have full ownership, control, and support of the software program. An employee is usually chosen to oversee the smooth running of the software.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"2_Cloud-based_ERP_software\"><\/span><strong><span data-preserver-spaces=\"true\">2. Cloud-based ERP software<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Cloud-based ERP software is a web-based software that works on the Software as a Service (SaaS) which allows a company or organization to access and store data on any device (gadgets such as mobile phones, tablets, and desktops) with a good internet connection. The software provider offers continual updates, support, training, and customization to allow the organization maximizes the software efficiently.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Cloud-based ERP systems are highly flexible and suitable for organizations that run a flexible design. Also, cloud-based ERP mostly runs on subscription.<\/span><\/p>\n<h3><span class=\"ez-toc-section\" id=\"3_Hybrid_ERP_software\"><\/span><strong><span data-preserver-spaces=\"true\">3. Hybrid ERP software<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p><span data-preserver-spaces=\"true\">Hybrid ERP software is a program that implements both on-premise and cloud-based solutions. It serves as an amalgam of the two above solutions. However, the combination and degree of hosting and deployment services differ by provider.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Hybrid ERP software allows users to flexibly migrate between models to suit a variety of situations and integrate workplace benefits.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Companies that run an on-site office and an online workspace can use this software.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">So, the nature of the organization your run will determine your choice of ERP.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Industries_Can_Benefit_From_ERP\"><\/span><strong><span data-preserver-spaces=\"true\">What Industries Can Benefit From ERP?<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-preserver-spaces=\"true\"><a href=\"https:\/\/nenody.com\/best-erp-systems\/\">ERP software<\/a> can be used in basically all spheres of industries. It offers industries, companies, and businesses an effective communication tool to manage information between departments, customers, and partners. Also, it helps daily activities that include managing projects, inventory management, accounting, scheduling and sales management, and tracking adherence to regulatory guidelines.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">ERP&#8217;s functionality is divided into modules. These nodules deal with an aspect of the company or business. These modules include:<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Project Management<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Customer Relationship Management (CRM)<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Manufacturing<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Supply Chain Management<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Data Services<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Financial Accounting<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Management Accounting<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Human Resources<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Order Processing<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">ERPs are very diverse. However, some are more designed to suit an industry&#8217;s needs than others. The following industries can benefit from ERP, but it is not limited to them:<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Retail and Consumer Goods<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Construction<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Manufacturing<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Healthcare and Hospitality<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Industrial Machinery<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Technology<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Automotive<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Aerospace and Defense<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">\u25cf Healthcare and Pharmaceutical<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_Are_The_Benefits_Of_ERP_Software\"><\/span><strong><span data-preserver-spaces=\"true\">What Are The Benefits Of ERP Software?<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Regardless of the type of ERP software, you are going for. Below are the top benefits of ERP software to your organization or company.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">1. Mitigate risk:\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">With ERP software, you can automate core business operations, reports, and manual tasks. This helps to reduce occurrences of human errors that may cause loss. Also, this gives employees more time to focus on other aspects of the company.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">2. Increased productivity and ROI efficiency<\/span><\/strong><span data-preserver-spaces=\"true\">. One of the significant benefits of ERP software is that it helps to improve productivity and efficiency from the automation and integration provided by ERP software.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">3. Improve business insight<\/span><\/strong><span data-preserver-spaces=\"true\">: Another significant benefit of ERP software is the provision of single aggregated facts and real-time data to give the organization better business insights to make informed decisions to help the company achieve its goals.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">4. Promote a reliable supply chain and distribution network:\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">The demand-driven MRP feature of most ERP software helps you forecast supply and demand and prepare a better plan for creating a reliable supply chain and distribution network.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">5. Ensures regulatory compliance<\/span><\/strong><span data-preserver-spaces=\"true\">: ERP software helps ensure your business control and operation mode comply with regulatory standards. You can set up alerts to notify you of non-compliance<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">6. Boost collaboration.\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">ERP software offers features that aid efficient collaboration, communication, and coordination to enhance job efficiency. So, on-site workers can easily communicate and pass business information with workers online via ERP software.<\/span><\/p>\n<p><strong><span data-preserver-spaces=\"true\">7. Optimize and manage relationships:\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">Another major benefit of ERP is that it helps optimize and manage relationships of customers, partners, and suppliers through seamless information sharing.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h2><span class=\"ez-toc-section\" id=\"What_ERP_System_Do_Most_Companies_Use\"><\/span><strong><span data-preserver-spaces=\"true\">What ERP System Do Most Companies Use?<\/span><\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><span data-preserver-spaces=\"true\">Most top companies use the three major <a href=\"https:\/\/nenody.com\/best-erp-systems\/\">ERP systems<\/a>:\u00a0<\/span><strong><span data-preserver-spaces=\"true\">SAP<\/span><\/strong><span data-preserver-spaces=\"true\">\u00a0<\/span><strong><span data-preserver-spaces=\"true\">ERP, Oracle ERP, and Microsoft ERP.\u00a0<\/span><\/strong><span data-preserver-spaces=\"true\">Also, they are the most prominent ERP solutions on the global market.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><a href=\"https:\/\/www.sap.com\/products\/erp\/what-is-sap-erp.html\"><strong>SAP ERP<\/strong><\/a> is the world&#8217;s most popular ERP solution, used by over 2 million consumers across 180 countries. It contains all the helpful features needed to run your company. It is available on the cloud, on-premises, and mobile platforms. Also, SAP ERP is suitable for industries across different sectors, including growing and multibillion-dollar enterprises.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">The disadvantage is that it is costly and unsuitable for beginners due to its advanced features.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Amazon, the dominant e-commerce marketplace globally, uses <a href=\"https:\/\/www.sap.com\/products\/erp\/what-is-sap-erp.html\">SAP ERP<\/a> software to automate customer experience, and order-fulfillment processes, identify logistical needs, manage procurement, and handle financial reports and accounts.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><a href=\"https:\/\/www.oracle.com\/\"><strong>Oracle ERP<\/strong><\/a> is a modern cloud-based ERP suite that offers complete and advanced capacities, such as automating manual processes, automatic updates to give you current information, insights to gain a competitive advantage, and real-time market analytics.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Additionally, <a href=\"https:\/\/www.oracle.com\/\">Oracle ERP<\/a> manages project management, procurement, accounting, and financial management functions.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">One of the major companies that use Oracle ERP is Starbucks. Starbucks uses Oracle ERP software to automate everyday business processes and administrative functions, including finance, procurement, supply chains, and project management. Also, it provides real-time information on stock management metrics, expense analysis, operational reports, and Sales and revenue data.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\"><strong><a href=\"https:\/\/dynamics.microsoft.com\/en-au\/erp\/global-erp\/\">Microsoft ERP<\/a><\/strong> is a cloud-based enterprise management software that enhances business communication by using AI to automate daily business processes. Also, it manages resources by providing access to real-time data, including managing production planning, cost management, and project management. The Microsoft ERP system comes in different packages.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Walmart is one of the multi-million enterprises that use Microsoft ERP to manage resources and offer automated solutions to manage physical stores, discount outlets, small localized markets, e-commerce platforms, and numerous brands across the globe.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Additionally, it is used to monitor warehousing capacity and can be integrated with existing software tools to boost efficiency.<\/span><\/p>\n<p><span data-preserver-spaces=\"true\">Your choice of <a href=\"https:\/\/nenody.com\/what-is-an-erp-software-and-system\/\">ERP systems or software<\/a> depends on the size and nature of your business, organizational needs, expertise, and budget. Check out our article on the <a href=\"https:\/\/nenody.com\/best-erp-systems\/\">best ERP systems<\/a> for your business for more specific information on selecting the best model that aligns with your business requirements.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ERP Software: Types and Benefits Curious about ERP software? Check out our latest post to learn about the different types available and the benefits they can bring to your business.<\/p>\n","protected":false},"author":1,"featured_media":1187,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","enabled":false}}},"categories":[215],"tags":[],"jetpack_publicize_connections":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Exploring the World of ERP Software: Types and Benefits You Need to Know - NENODY<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nenody.com\/erp-software-types-and-benefits\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exploring the World of ERP Software: Types and Benefits You Need to Know - NENODY\" \/>\n<meta property=\"og:description\" content=\"ERP Software: Types and Benefits Curious about ERP software? 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