5 Pros & Cons Of Using The Erp System In Large Institutions

By Author: kinzal shah
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Investing in an ERP system can be a difficult decision, and it depends on several factors. You have to reserve a part of your revenue if you want to buy professional looking ERP software for your institute. Despite the overwhelming wave that you feel when you are making this decision, you have to invest in some techno-savvy software. It is necessary to invest in the app if you want to strive for the growth of your enterprise or institution. There is no doubt that there are many school ERP software features, as well as limitations. But, how you will know that investing in an ERP system will be worth your money and time. Below are the pros and cons of using ERP in your institution.
Pros and cons
1. Improves efficiency
ERP platform provides an efficient and quick process for all your daily tasks. It reduces the chance of error and repetition. Every record will be in a sequence and with a proper plan.
2. Total visibility
 Another great advantage of having an ERP solution is that it provides complete accessibility and complete access to the data. You can monitor each record without going through bundles ...
... of files. Everything is one click away. This visibility factor provides a more coherent and easily tracked workflow.
3. Reporting and planning
Using an ERP system will improve your planning and reporting. Implementing a cross-departmental ERP system means that your entire organization has a unified reporting system. This feature will allow you to generate reports rapidly without the hassle of any papers.  
4. Cost of ERP
The biggest hurdle that you can experience is the cost of ERP. It is not a one-time thing, and you also have to pay maintenance charges once in a while. The cost of an ERP solution also depends on the person that can access it at the same time. You also have to add the charges of the personalized feature that you want to include in the ERP system. Other costs include the third-party add-ins. These are the integrated software that the institute purchase from a third-party to boost their efficiency. You also have to train your employees, and the upgrading cost of this ERP is another thing.
5. Centralized product
The advantage of having all the data in one place is also a disadvantage in various ways. This ERP is a centralized product that will manage all your departments. This ERP is the primary source for managing, handling, as well as accessing all the records. ERP solution may streamline your process, but it also makes us depend on this system only. Our entire data will be at stake if some unauthorized person can enter our system. Sometimes it feels like you have lost control. You also need to train all your staff well so you can utilize its functionality.
Having an ERP system is a beneficial thing, and if it is the need of your business, then it will be a better platform if you can customize it according to your needs and your requirement.