THE BENEFITS OF INTEGRATING ERP AND BI IN BUSINESS
BENEFITS OF INTEGRATING ERP
Organizations, in recent years are increasingly committing greater amount of resources to get an integrated Enterprise Resource support (ERP) and Business intelligence systems implemented. The business world as well is becoming more competitive, dynamic and innovative. Complex systems are introduced almost every day to meet the tight goals that stare on us. These systems has become the basic business tools, which has brought great impact on every business. In the implementation of every project, these tools are indispensable. Not much, however has been said about the integration of Business intelligence and Enterprise Resource Planning systems. In the developed economies, little studies has been done about them, not to talk about the developing and the less developed economies. ERP is a business management software system that focuses on unifying the different units of the business such as manufacturing, marketing, human resource and among many others. Business Intelligence on the other hand, is an information technology tool that uses organizational information to achieve competitive advantage, and risk perception in business.
There is a frequent call to businesses to invest in Business intelligence. An integration of the business intelligence software and the Enterprise Resource planning (ERP) enhances the decision making spectrum of management. Even though enhanced decision making has been stressed as the major benefit of the integration of Business intelligence and Enterprise Resource Planning, there are numerous benefits that comes with it. In a semi-conductor industry in Taiwan, one survey was carried out in which 108 companies were studied. This brought to view that there was a higher rate of performance in decision making by companies that had implemented an integrate system of ERP and BI as well.
The recent thread-like lines
In the current trend of business innovation, ERP does not work independently. There are greater results gleaned from the integration of BI and ERP. The integration ensures staff efficiency and accuracy in operations. It eliminates duplication of work and resources, as well as ensuring efficient allocation of the limited resources of a business. Furthermore,it leads to efficiency and effectiveness in the overall operations of the company.
The most recent business technology is to collate all the vital data which would be needed from the ERP software into a warehouse of data. These data is then connected to the Business Intelligence tools such as data mining, query and reporting for decision making and the overall control in the organization. The essence of partnering Enterprise Resource Planning with Business intelligence has been highly recognized. It is therefore, of great importance for businesses to have a shared knowledge-base in the processes of Business intelligence, especially if they can successfully implement ERP systems.
In a nutshell
An integration of ERP and BI ensures readily, an availability of information in which both staff and management require to carry out their duties. With the integration of ERP and BI, staff can access important information to make vital decisions irrespective of their location.Businesses are constantly on the look for systems that promote cost reduction and provide easiness in operations. ERP is even becoming more and more dynamic and interesting. An implementation of this integrative system will drive your business speedily to success and give competitive advantage in the market.