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Manufacturing: Advantages of using ERP system

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#1 Consolidated and standardized financials When all production facilitates, across geographies, use the same manufacturing ERP, it would be easier and faster to produce standardized financial reports, because the accountants at each site use the same  financial management module  and reporting framework. Regardless of the local accounting standards and currency, a good manufacturing ERP would be able to manage multiple transactional currencies and report in a specific base currency, both, to suit local as well as international accounting standards. #2 Centralized reporting A multi- tenant  manufacturing ERP system  will allow managers to have a clear view in the corporate finances with a few clicks. Compliance reporting can be easily coordinated from a central office and distributed anywhere, across geographies, where a report is required. This brings substantial benefits for the organization in terms of cost and time reduction. The time and per...
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6 Techniques where ERP Makes Manufacturing More Commercial

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If manufacturers haven’t begun thinking beyond a simple enterprise resource planning (ERP) solution with bare-bones features, they may soon be obsolete. Many people realize that ERP solutions streamline communication and serve as a repository for valuable information, but they don’t realize the multiple ways an ERP system can add to the company’s profitability. Always Know Profitability Don’t wait until the end of a reporting cycle to find out ther monthly or quarterly profitability. An ERP system can provide accurate, up-to-the-minute profitability reporting from any location to help make informed decisions of changes to processes as needed. Send Confirmation in a Snap An ERP solution can easily provide employees with the information they need, such as schedule, packaging, and lead times, to reply to customer inquiries while the customer is still on the phone. An automated ERP solution can generate an electronic order confirmation to customers through email, as well, w...
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