Why You Need an Integrated ERP System
Many consumer goods companies use a combination of best-of-breed systems to manage the requirements of their supply chain. However, this approach has many deficiencies versus using a full-suite ERP software solution. It is important for consumer goods companies to know the benefits of switching to a fully integrated ERP system. Here are six areas where full-suite ERP systems outperform best-of-breed solutions:
- Integration – best-of-breed solutions need to integrate all the disparate 3rd-party solutions with each other. This adds significant extra recurring time and costs to an ERP project. Full-suite solutions come fully interconnected and ready to go from day one.
- Reporting – in a best-of-breed set up, information is spread across multiple applications and platforms, which can lead to expensive data warehousing projects to pull together a common view of data. Full-suite solutions automatically pull and update numbers from the system since all revenue and cost numbers are hosted on the same application. This also enables full-suite solutions to update in real-time.
- Maintenance Costs – since each best-of-breed solution is built on different technology and has different requirements for databases and middleware, the costs to maintain best-of-breed solutions quickly add up. With a full-suite solution, there is just one integrated solution to maintain, driving costs lower.
- Security – the more best-of-breed solutions you have, the more different security models with which your IT team must deal. This makes it difficult to maintain security and privacy across the entire solution. Fully integrated suites offer consistent and straightforward authorisations and user permissions for seamless security and privacy.
- Usability – each third-party best-of-breed solution has different usability functionality. Users must learn how to operate each interface and system. Full suite solutions offer a consistent and well thought out use experience. It is easy for users to work cross-functionally without having to relearn a new system.
- Data Integrity – common data is shared by multiple best-of-breed solutions, meaning data must be synchronised across multiple applications. This can lead to duplicate data, complex data integration issues as well as slow access to your most recent business information. Conversely, there are no issues with data integrity for full-suites since the entire suite is running off the same information.
To learn more about the benefits of a fully integrated ERP solution, click here.