5 Prominent Sectors Best At Harnessing ERP Solutions
ERP has been the stepping stone to success for businesses for the past several years!
Several businesses stand as a testimony to the effectiveness of ERP solutions after they resulted in process automation and have raised productivity.
To put simply, ERP lays the foundation for manufacturing automation. What resulted in such a tremendous leap in the industries in the form of operational efficiency is the ODOO, the powerful, one-stop, and all-inclusive management software. Odoo developers in Sydney at GetAProgrammer have realised the growing relevance of the Odoo platform and have been striving hard to adopt it to make persuasive ERP solutions for businesses in different areas, from retail, construction to Oil & energy.
The growth in the use of ERP software solutions across the world in the past few years has overwhelming and that’s why here we’ve come across with a list of industries that have been profiting the best from it. ERP has been more than just a software. It assists the business owners to take every-day decisions faster with real-time data and reporting.
ERP Software Market Revenue Growth Worldwide 2015-2021* (in Million U.S. $)
Image: https://www.statista.com/statistics/605888/worldwide-enterprise-resource-planning-market-forecast/
While the growth was remarkable and the trend is to aggravate further, the business sectors that are already at the helm of ERP software are the ones deploying Odoo as the ERP platform. It is distinctive and covers everything! From warehousing to website building, eCommerce and purchasing. Odoo allows for a greater amount of flexibility in the ERP solutions without too much customisation or coding. So, such type of solution offers the best for both kinds of experience- a highly tailored one for complex and big companies and a simple traditional type that fits SMEs. That’s the real story behind Odoo being crowned as the ideal ERP platform. And further, with Odoo reaching to the version 12 with more advanced additions to the functional areas, it is going to be the first choice of the entrepreneurs.
Major sectors that are having the slice of the success pie of Odoo ERP since a long time
#1 Manufacturing
A well-integrated ERP solution helps a manufacturing business in conveying information from one department to department. Different departments in manufacturing like Purchase, Production, Finance, HR and Sales are interconnected and interdependent and needs to communicate to collaborate and achieve their targets within time. ERP software maintains a common online database that ensures the departments can get all information they want any time.
Besides, it helps the manufacturers to earn a winning position in their competitive sphere by enhancing efficiency in supply chain and resource allocation, curbing costs of operations, reducing production bottlenecks, automating marketing and improving customer services.
#2 Retail
When businesses in the retail segment are struggling to win customer loyalty and superfast experience whilst keeping costs under control, ERP solution comes as an excellent resort to the situation. With advanced CRM (Customer relationship management) module and up-to-date sales tracking, it helps the retailers to achieve optimum customer satisfaction with timely product supply. ERP solutions resulted in the enhanced productivity in the retail houses with real-time visibility of the entire supply chain, streamlined warehouse management and fortified backend processes including HR and accounting.
#3 Real-estate
ERP or Odoo ERP solution sooner became a quintessential tool for the real estate agents and brokers as it helped them in the tracking of the deals, keep records of leads, buyers information, and maintain a unified database entailing critical documents of properties and contracts.
Importantly, an ERP software with CRM integration helped property dealers and agents to work in a complete organised manner. They could safe keep real-estate details, client contacts, client interactions, forecast sales, transaction data and market reports all at one place, and that helped largely in decision making and executions of plans.
#4 Health
Healthcare has never been out of the raging influence of ERP software and in fact, they have benefited the most by reducing costs and improving the quality of patients’ care. With uniform visibility over patients details, medical reports, past treatments, therapies, etc., the caregivers or doctors can better decide the present treatment procedure and medication.
Besides helping healthcare institutions to disperse better care, an intuitive ERP takes care of other aspects like CRM, payroll management, billing, finance, inventory and supplies.
#5 Finance
ERP software has been successfully helping banking, credit and insurance companies to meet all the grave challenges that are rising in the volatile and competitive financial sector. It gives them easy ways to stay connected with the customers, streamline all backend data-related operations, manage and collaborate teams and automate payroll. Most importantly, a custom-made ERP software helps financial institutions to get valuable insights on market rates, fluctuations, and economic performances of the different sectors that help them decide loans and other structures.
Almost all industries are nowadays thriving with the magic spell of ERP and these are the pioneering ones! While ERP software and is the driving force behind the growth of industries and regarded as the future of businesses, it’s time for you too to embrace such a change management as soon as possible. But, choose no other than an Odoo ERP solution for its latest version is comprehensively updated with modules and features that fit any business’s needs!
Reach for our team of Odoo consultants and Odoo developers in Australia who have provided many enterprises with powerful, intuitive and tailored ERP solutions and hence get one built for your business too.
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