While much has been said about the benefits of Software as a Service (Saas), the benefits for many industries remain elusive.
However, one field of SaaS where we’re seeing industry-changing productivity gains is SaaS ERP. ERP stands for Enterprise Resource Planning.
It is a specific genre of software that allows businesses to automate and streamline the nitty gritty of their operations via a single platform. This can mean inventory management, logistics, supply chain management, and more.
If you’re new to all of this, check out our two-minute explainer on SaaS ERP software, and what it can mean to you.
1. SaaS ERP Explained
In a nutshell, SaaS ERP is a cloud-based software solution. It combines the SaaS model with the essential enterprise resource planning functionalities that businesses of all stripes need.
Crucially, all of the functionalities offered by SaaS ERP software solutions are online and cloud-based. This eliminates all of the traditional upfront hardware costs associated with some of the tasks SaaS ERP can do.
The short and long-term cost savings from this are often the main reasons why business owners opt for SaaS ERP.
2. What Can It Be Used For?
ERP SaaS has a number of concrete uses for businesses. We’re not just talking about surface-level app stuff. Rather, SaaS ERP can help with:
Streamlining Your Business
The beauty of SaaS ERP is that it centralizes and automates the more time-consuming, low-skill tasks that are often a drain on efficiency.
You can use it to automate your regular order processes, your accounting, your payroll, and your human resources. This frees up your skilled workers to focus on doing what they do best.
Managing Your Supply Chain
SaaS ERP lets you see your entire supply chain in one place. You can see your inventory levels, demand forecasts, and even track your supplier relationships and documentation in real-time.
In an era when supply chains are becoming increasingly complex and unpredictable, this could be a life-saver for your company.
Managing Inventory
Your inventory and your warehouse are the cornerstones of your business. You need to be able to see when inventory is getting low when inventory is not moving as it should, and when storage and shipping are at risk of bottlenecks.
You can even use contract manufacturing software to manage all of your contract orders and ensure that your inventory always fulfils your obligations.
Managing Your Finances
SaaS ERP offers robust financial management capabilities, including general ledger, accounts payable and receivable, budgeting, and financial reporting.
It provides businesses with accurate and up-to-date financial data, enabling better financial analysis, forecasting, and decision-making.
It can even automate financial processes, such as invoice processing and payment reconciliation. This can reduce manual effort and improve accuracy.
Unlock Your Potential
SaaS ERP might seem complicated, but its impact is all about simplicity. It is designed to take the complex and often dull necessities of running a business and make them essentially run themselves.
SaaS ERP is designed to free up your valuable labor so that your people can do what they love, and what they do best.
We’re passionate about how technology can unlock the potential of your business. Check out our expert Tech insights for the actionable advice you can use.
