Definite Reasons to Consider Free & Open Source ERP Software

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SoftwareSuggest

Senior editor

Parul Saxena

Chief editor

Last updated: July 6, 2021

In a dynamic business battleground where companies are constantly competing to gain a significant edge over rivals, open-source ERP software is a potent tool that can help any organization attain operational efficiency and productivity.

The most beneficial aspect of a free and open-source ERP system is that they are highly cost-effective and do not escalate the financial budget of a company, rather they bring about a cycle of flexibility, creativity, and agility in the daily functioning of organizations.

Looking for ERP Software? Check out SoftwareSuggest’s list of the best ERP software solutions.

Open source ERP software packages are easily available online and they can be leveraged by the modern workplace as they centralize real-time data from various departments into a single platform, making it accessible to the top management so that they can take better business decisions.

Organizations all over the globe have accepted ERP platforms and research has proven that small businesses that has adopted ERP are able to escalate their on-time deliveries by over 24% due to enriched productivity, order tracking capability, and decision-making.

It is a huge decision to discard traditional business applications and take a leap forward with ERP software systems – make sure to buy in top leadership support and set up a seamless transition towards implementing ERP processes in your small business or startup.

Benefits of free and open source ERP software

Here are eight amazing benefits that your organization can instantaneously benefit from through adopting the best open source ERP software:

1. Cost Savings

Free of cost ERP systems are accurate and automated in nature, reducing all manual administrative work in typical business organizations. They proactively manage corporate processes, eliminate delays or disruptions and prevent any kind of wastage, thereby leading to a huge amount of monetary savings in the long run

An ERP solution can prove to be a mammoth income or revenue generator – since open source free software does not entail any financial expense for the company, it enhances business revenue and profits tremendously!

2. Better Customer Service

One of the greatest advantages of ERP software systems is that they are able to boost customer satisfaction levels as they keep a continuous track of previous interactions, past purchases and are able to help staff members provide superior quality service.

ERP software facilitates sales team members to manage all leads and opportunities in a timely manner, thereby promoting customer engagement with the company and keeping your brand high on the satisfaction charts!

3. Accurate Forecasts

Enterprise resource planning software provides a host of sophisticated tools that allow the users to make accurate budgets or forecasts that can help to make better business decisions. It augments realistic estimates and has the ability to share information across all organizational stakeholders such as clients, consumers, staff members, and executives. Advanced filters and analytical reporting solutions aid in preparing detailed information, thus promoting actionable insights for managers.

4. Data Security

Safety of crucial business information is necessary for the current digital era! ERP software systems strengthen data security and protection as they have firewalls, password protection, and stringent user access control.

Digital transformation in ERP lock away sensitive information and limit access to any unauthorized parties – making sure that there is no chance of any fraudulent activity or misappropriation of data.

5. Regulatory Compliance

Many modern open source ERP software platforms have built-in features that ensure taxation or statutory compliances, reducing the paperwork and workload of managers. ERP solutions ensure that companies adhere to subscribed protocols such as financial accounting procedures, taxation rules, and data security measures.

Investing in state-of-the-art ERP software is a smart move as it is a comprehensive way to ensure that your company meets compliance with laws and legal regulations.

6. Data Control and Access

ERP systems facilitate the unified maintenance of a repository of business data, thus allowing team members to access important information at any place or time. Managers can view standardized data and visual dashboards make sure that information can be seen at a glance so that proactive corporate conclusions can be taken.

So get an intelligent ERP system to witness a dramatic increase in your organization’s overall profitability!

7. Enhanced Productivity

ERP software packages lead to a huge growth in labor productivity through better collaboration and employee engagement at the workplace. These solutions rationalize business processes, and automated technology boosts employee’s efficiency or output to produce higher revenue. Integration of all verticals such as sales, marketing, finance, and inventory leads to an improvement in all key performance indicators at a rapid pace!

8. Easy Scalability

One of the best aspects of ERP tools is that they are scalable and customizable – your organization can easily purchase more modules to cope with the growing demands of business operations. ERP software allows for the addition of new users and integration of customized applications at any point in time – eliminating the new for a complete overhaul of corporate software.

Bottom Line

There are numerous advantages of open-source ERP software systems – it is time to take the plunge and select the best open-source platform to enjoy a fast rise in all your bottom-line results!

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