Why Use an Industry-Specific ERP
Today's article explores why you should consider using an industry-specific enterprise resource planning solution in your organisation.
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Standard ERP vs Industry-Specific ERP
ERP, or enterprise resource planning solutions, are systems that centralise core business information from across different functions, including human resources, finance, sales and operations. ERP systems provide businesses with a ‘single source of truth’ that helps eliminate information silos and duplicate data, while also providing the ability to automate various business processes which streamlines workflows and boosts productivity. While generic ERP solutions are customisable and can be used across a wide range of industries, sometimes it may be beneficial to consider adopting an industry-specific ERP. Similar to standard ERP solutions, industry-specific ERPs provide the same essential capabilities across core business functions. However, they also provide advanced features and functionality in line with specific industry requirements. Below we discuss some of the key reasons your organisation should consider using an industry-specific ERP.
Specialised Functionality
Industry-specific ERP solutions come pre-built with features designed for the job functions and business processes within that area. This means you can use the solution out of the box and start reaping the benefits immediately. Further, a highly specialised solution will help you better navigate industry challenges and keep ahead of the competition with an agile ERP system.
Reduce Implementation Time and Costs
As industry-specific ERP systems already come with the specific features required by the industry in question, companies don't need to spend time and resources customising an out of the box ERP solution. This means that the solution can be rolled out much quicker and costs much less than typical ERP implementations, which generally incur extra costs for extensive customisation.
Best Practices Baked In
As industry-specific ERP vendors design and develop their solutions with one particular sector in mind, successful vendors must constantly be up to date on industry news, standards and regulations. This means that industry-specific ERP providers continuously refine and update their products to comply with industry standards, ensuring industry best practices are built-in to your ERP system.
Industry ERP Examples
Retail ERP - NP Retail
NaviPartner’s retail ERP solution is designed with the needs and challenges of retailers in mind. NP retail integrates Point-of-Sale with D365 Business Central to enhance retail operations. Retailers can integrate leading payment solutions and even allow customers to use loyalty cards and coupons. The ERP even caters to omnichannel retailers by connecting e-commerce, POS and warehousing in one system. As an out of the box retail ERP solution, NP Retail helps retailers thrive and minimise time to value by saving the resources required to add these specialised features to a standard ERP solution.
Construction ERP – 4PS Construct
Building on D365 Business Central, 4PS Construct supports construction companies in driving project success, with industry-specific functionality that consolidates data from across all your projects and helps you manage end-to-end construction processes. Specialised features include the ability to view and manage home buyer guidance, subcontractor management, plant management, and service and maintenance. 4PS Construct is the ideal ERP for businesses operating across construction, from building companies and civil engineering companies to equipment rental companies.
If you want to learn more about enterprise resource planning, you can check out our ERP FAQ page or contact one of our experts today.
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