Erp Software in Nigeria
Erp software in Nigeria enables advanced productivity, integration of IT infrastructure, knowledgeable use of data and information sharing.
When it comes to business, companies and organisations need software systems to perform their daily functions. These business management software systems are known as Enterprise resource planning software or ERP systems.
According to PwC’s MSME Survey 2020 MSMEs represent about 90% of businesses and more than 50% of employment worldwide. ERP can bring greater efficiency to micro, small and medium businesses. Especially those that are working on limited budgets. It's no wonder then that entrepreneurs are turning towards ERP to help handle their businesses
What is ERP Software?
ERP is a collection of several software modules that help a business manage various aspects of its operations. Through ERP, a business can simplify all its critical functions and thus improve productivity and efficiency.
Furthermore, it is software that helps companies manage their internal operations. From allocating resources to directing supplies to creating an infrastructure for management function. It combines all the core business applications in one single system so that decisions are made with one view of the true picture. Sometimes referred to as the “Single version of truth”
ERP systems are used in small and large companies worldwide.
ERP Software In Nigeria: History Of ERP
ERP adoption in Nigeria dates to the early 1990s, when all major banks and conglomerates started implementing ERP systems. Through the 1990s, the technology was evaluated and implemented in key companies under various circumstances.
For about 20 years, ERP has had an enormous impact on businesses and their customers. With each passing year, more and more legacy systems are being replaced by new ERP platforms and the future looks bright.
This software helps small and large organisations to manage resources by providing an organised, data driven and centralised accounting system. These benefits help in optimising business operations and improving the effectiveness of all business processes.
The adoption of enterprise resource planning opened new opportunities for innovation among Nigerian companies. Today there is a number of ERP software that exists in Nigeria.
Types Of ERP
There are several main types of ERP systems. Which type is best for your company depends on what your needs are. The type that will best meet your needs is generally determined by 2 factors: What task will the ERP perform? and How many users are required?
The most common types of ERP systems include:
1. On Premise
On-premises ERP solutions are deployed on customer premises as against cloud based solutions. In case of on-premise ERP, the entire solution is installed on the company's network or servers at its data center. An on-premise ERP installation is managed by the internal IT team of the company.
Cloud ERP is a popular form of enterprise software that allows your company to manage your business from anywhere with an Internet connection. The companies who use cloud based ERPs focus on reducing investment and maintenance cost while getting the flexibility and functionality they need. There are many advantages of using cloud based ERPs such as: 1) anytime anywhere access, 2) lower cost, 3) high security, 4) less maintenance and support cost, 5) auto backup, 6) low upfront cost.
A hybrid ERP is a system that offers some key advantages of an on-premise solution, but delivered as a cloud service. Hybrid providers give customers the option of deploying their software either on-premise. It is done within their own IT systems or in the provider's hosting facilities. Hybrid ERP is also known as on-premise and off-site ERP.
How does ERP help your organisation?
Based on the advantages below, the need for an ERP system has become an important development to any business organisation in Nigeria.
It's a way to bring an organisation's different departments together into one cohesive whole.
This is a system that provides control over all aspects of the operations. From the design and marketing of products and services and accounting to human resources and production. It serves as the backbone in automating core business activities for smooth operations.
More than just automating mundane tasks, some ERP systems optimise decision making for individual departments. This increases the ability to react quickly to market changes.
ERP Deployment Model
ERP deployment is the process of rolling out enterprise resource planning solutions. It includes everything required in order to get the new system functional in an organisation so that the business runs smoothly.
A small company may have a relatively simple sales, purchase and production process. Meanwhile, a larger company might have complex sales channels, multiple production facilities and several different customer types. Each ERP project is unique. But the concepts presented in this article will help you understand what you need for your own implementation.
ERP Software In Nigeria: Simple ERP Software for Small Businesses in Nigeria
Nigeria’s economy has given birth to hundreds of businesses, large and small. However, it is not easy to meet the challenges of different operational environments, market growth, and customer demands. Especially without the right processes in place at your company.
The concept of ERP software in Nigeria seems overwhelming to a number of small enterprises. But contrary to popular belief, a lot of top ERP solution providers in Nigeria have made the process and system less complex than huge legacy systems. A good example is the Odoo ERP software.
Any small or medium enterprise in Nigeria can be a better business by using Odoo ERP. It is a user-friendly ERP system for small and medium-sized businesses. The Odoo ERP system provides strength to SMEs because it will minimise errors and increase productivity and add controls.
Getting Started With Odoo ERP software in Nigeria can be useful to your online business regardless of your business field. Whether you are dealing with shipping, manufacturing, trading of food or any other products, this system is right for you.
If you are looking for ERP Software, then Odoo has everything that you need. It functions as a customer relationship management software along with other important aspects of business functions.
Put simply, it is one of the most comprehensive open source enterprise resource planning (ERP) solutions on the market today. It is packed with business features for managing finances, customers, employees, workflows, delivery processes, inventory tracking, CRM capabilities, project management tools and more and a class leading Lowest Total Cost of Ownership (TCO) for a Cloud ERP system.
In today's competitive business environment, companies of all sizes are compelled to reconsider their structures and operating procedures. Nowadays it is a must to have the ability to manage a company's daily operations and keep track of both your assets and inventory.
Odoo features some of the best features for your business needs. It has an easy to use interface, simple installation and an easy upgradation process.
Take advantage of this digital transformation opportunity and grow your business effortlessly!
FAQs About ERP Software in Nigeria
What does ERP actually do?
ERP software is used to automate and manage the business processes of an organization. It helps businesses improve efficiency and control costs, reduce errors, and keep records updated, resulting in greater profitability.
Who uses ERP?
Every business with employees needs an ERP. However, ERP systems are most commonly used in manufacturing, distribution and retailing sectors. They manage the flow of goods from factory to store.
How much does ERP software cost?
The short answer is that prices for ERP software vary widely depending on the vendor, the product and the number of users.
Everyone is concerned about the cost of ERP software. But they are asking the wrong question. The right question is how much can you save with proper ERP software over the cost of having the data strewn all over, in multiple applications.
Is CRM Part of ERP?
Yes. In fact, CRM (Customer Relationship Management) is a subset of ERP. ERP systems are designed to manage any type of business function that needs management.
What is the heart of ERP system?
An ERP System is made up of many aspects such as financials, management, inventory and customer relationship management e.t.c. The heart of the system is what supports all these modules. It can be defined as a middleware system that interacts with other programs and applications through underlying protocols (file formats, connection ports, etc.) and provides the means to connect them together.
Which is one of the direct benefits of ERP systems?
ERP systems provide organisations with greater operational efficiency. Centralised management of inventory, orders, accounts receivable, accounts payable, payrolls and related data reduces the time spent by employees on repetitive entry of documents manually into different programs.