ERP has been around for almost as long as the internet, pagers and bag phones helping businesses standardize processes, increase efficiency and sales through access to data. Epicor ERP has been able to keep pace with the changing needs of businesses (that bag phone was a little clunky) and has incorporated social business functionality reflecting the way employees are incorporating technology into their personal lives. According to Nick Castellina of Aberdeen Group “organizations that have implemented this approach to ERP saw over twice the improvement in profit margins over the past two years of organizations that have not implemented social ERP.”
The key benefit of Social ERP is collaboration. This goes for organizations that are housed in one building or across the globe. As we all know, Al Gore single-handedly invented the internet but in most cases, collaboration is extremely beneficial to a business. Allowing employees access to data with the necessary tools and infrastructure is the first step to this collaboration. Once employees have the data the next step is to analyze the data (independently and collaboratively) and create a pathway to turn this robust information into a plan that can benefit your business.
Social ERP in Epicor can take many forms including the ability to tag conversations, products, projects, customers, equipment, etc. This collaboration creates a central location where all stakeholders can easily access current information and over time you create a database allowing you to avoid previous mistakes and learn and continuously improve with more efficient processes, higher quality products, and services, better profit margins.
The Benefits Of Social ERP
Here are a few stats compiled by Aberdeen Group regarding businesses that have incorporated Social ERP:
- A decrease in decision-making time of 28% versus 21% for those without social ERP.
- A decreasein business processes time of 11% versus 9% for those without social ERP.
- Met internal schedules 95% of the time versus 90% for those without social ERP.
- Had employees that exceeded performance metrics 58% versus only 36% for those without social ERP.
- Over the 2 years these statistics have been gathered, Businesses improved profit margins 19% versus 9% for those without social ERP.
The stats are clear (bag phones were good but smartphones are better). Social ERP increases collaboration, efficiency, and profits. Contact us today about implementing a social ERP solution for your business.
About Encompass Solutions
Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers and Distributors. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, and renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of Industry.