Major companies depend on ERP systems to run all the processes in the enterprise. ERP systems are used to manage internal processes like accounting and finance and external processes like sales and customer relationship management (CRM). ERP use sophisticated software tools to automate all company functions to enable managers to facilitate the flow of information between different tasks in an organization.
This article will show how Dynamics 365 is the leading ERP system in the market today. Not only because of its integration of business capabilities, but many more reasons such as high return on investment. To start off, let's go through the basics...
What is cloud ERP software?
A cloud ERP software is an enterprise resource planning system that allows managers and organization heads to facilitate organization operations remotely or over the internet via the Cloud (e.g. Azure Cloud). Depending on the requirements of the organization, ERP software can be used to perform several organizational functions such as:
- Human Resource Management - ERP software helps in the remote management of employees, especially for organizations that have several branches.
- Accounting - Company officials can easily invoice and account for different products that have been sold by the organization
- Inventory Management - Employees can use ERP software to track inventory and update stock levels in real-time.
- Resource Planning and Management - Officials can manage all company resources with the use of cloud-based ERP software like Microsoft Dynamics 365.
Picking the right cloud-based ERP software is essential to ensure that you maximize the functionality of your organization. Microsoft Dynamics 365 is an example of one of the top ERP software on the market
Why Microsoft Dynamics 365?
Microsoft Dynamics 365 is a customer relations management software that was developed by Microsoft in 2016. The software can run on iOS, Windows, and Android platforms. The software easily synchronizes email, calendar, and customer contact data to help employees track and perform company functions with ease. Dynamics 365 is the only cloud-based solution that offers ERP and CRM functions all under one hub.
The business edition of the software can generate invoices and automatically update the accounting system. The software can help employees track leads by issuing reminders, improve field service automation, and overall customer service operations.
Another significant advantage is that Microsoft Dynamics 365 supports offline activity. Users can work offline and update the data once they connect to the internet. The best ERP software system helps gather information from various departments and centralize data for easy access.
Dynamics 365 generates high ROI
What also makes Dynamics 365 one of the best ERP systems on the market is its return on investment (ROI). A study from Nucleus Research has shown that for every dollar spent on “Microsoft Dynamics 365 deployments...companies realized an average of $16.97 in returns. This is significantly higher than the average for both enterprise resource planning (ERP) and customer relationship management (CRM), which deliver, on average, $7.23 and $8.71 respectively.” They also state, companies who invests in Microsoft Azure Cloud “...were able to achieve significant returns by increasing productivity and revenues and reducing costs.”
The amount of return that Dynamics 365 generates for companies is clearly outstanding. In addition, you can migrate it the the Azure Cloud to streamline your company processes by increasing productivity, and to generate an ever higher return on investment.
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