One thing is very common with all kinds of businesses in the modern world i.e. touching the bottom line. But there are restrictions & stipulations that come in the way of reaching that bottom line and that also takes up a lot of time. However, mistakes present in the billing procedure for any organization can be catastrophic. It can result in legal problems. How a business is getting paid & how it is paying others is another level of stress. But modern technology enables businesses to enhance operational efficiency with solutions like sophisticated ERP software. It is now time to bid adieu to traditional ERP software as these cannot extend support to ambitious organizational growth goals. Enterprise Resource Planning software is not just a modern solution but consists of every attribute of billing software as well.
How and why traditional ERP’s are a complete no-no in today’s time is what we will learn here.
A quick overview of ERP:
To understand why traditional ERP is not enough for optimal billing, we must commence with learning the basics of avant-garde enterprise resource planning software. The major appeal of such systems lies in the very core of their functionalities. For instance, ERP is a procedure that organizations employ for integrating & managing the critical portions of their businesses.
Businesses in large-scale are these days opting for ERP systems as these enhance visibility, decrease operating expenditures, amplify communication amidst various departments, etc. ERPs also carry the ability to automate all-important key tasks & generate a quicker response time for every customer inquiry. Integration of ERP in the construction industry & ERP in the retail industry is a common sight in today’s time.
A quick overview of traditional ERP billing software:
The function of a traditional ERP billing software system is to routinely generate billing for manifold rendered products & services. Such tools function by crafting lists of products & services along with the corresponding expenditures. The customers then receive it as a proper invoice. For every service presented and every product sold, an invoice is a must.
Why traditional ERP is encountering failure for optimal billing?
The kind of ERP projects that businesses work on these days is far more complex than the earlier times. How well the ERP business collaboration is what will decide the number of sales orders. Optimal billing is a highly critical part of any business & its seamless working is a necessity for any business to thrive. A traditional ERP system is no longer the correct fit for it. Traditional software lacks in the following areas: 
- A well-suited system arrangement
- Robust leadership direction & experience in the context of team management
- Transparency & communication within each department
An organization must acknowledge manifold factors for solving vital procedure problems for guaranteeing the desired results with the ERP installation. In case there is a lack in the cross-department alliance of a team, then there is something wrong with the management structure or organizational culture. Continuing to thrive on dated systems just because their performance was good in the past is not at all advisable. By this, the traditional ERP system will definitely be delivering more negatives as compared to positives for the entire workforce.
Difference between traditional ERP & modern ERP software:
|
Traditional ERP Billing Software |
Modern ERP Software |
| 1. Zero collaboration | 1. Collaborative working takes place on a real-time basis |
| 2. Menace of dropping orders | 2. There are no chances of missing out on orders |
| 3. Wastage of inventory | 3. All-out inventory in least |
| 4. Data security is less | 4. Data security is high |
| 5. Delay in deliveries | 5. Deliveries take place always on time |
| 6. Non-compliant processes | 6. Standardized procedures |
| 7. Time-consuming process for validating the report | 7. Report generation takes place with one click |
| 8. Efficiency level is low | 8. Efficiency level is high |
| 9. Imprecise scheduling | 9. Production is always efficiently planned |
| 10. Discontented customers | 10. Pleased customers |
Need for a substitute to traditional ERP system:
Core flaws that remain in an organization’s billing procedures & operational capacity can prove to be adverse with traditional ERP. The contemporary business world is a booming & challenging one too and this calls for a sound alternative system for the purposes of optimal billing.
Up-to-date ERP software will feature billing functionalities based on subscription, support for taxation that is usage-based & quote to money financial processing abilities. These avant-garde billing solutions are completely configurable. These can be modified as per the complex requisites of the entire customer base. Such platforms can solve several inconsistencies that are impossible with traditional ERP solutions. Also, these modern systems never make employee training a hassle. Successful ERP installation & functioning will always depend on how the employees grasp it.
Final say:
Now that we know why traditional ERP is not enough for optimal billing, it is now time for businesses to implement sophisticated ERP billing platforms. These help in getting hold of a successful experience of billing management. Eradicating revenue leakages, growing revenue efficiently, and retaining more number of customers are the benefits of modern software like exactllyERP. It will help organizations to direct more amounts of resources towards long-standing growth initiatives like scalable support for acquisitions, fresh market launches, etc. Businesses also have the liberty of getting hold of a free demo for understanding how modern ERP software works. Contact Us today.
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