How Does an ERP System Help You Increase Your Company’S Revenue?

ERP software can help companies reach one of their most important goals, that is revenue growth. With an ERP software, you are able to streamline the activity of your company, thanks to:
1. An online software solution
If you want to increase the efficiency of your sales process it is important to coordinate all departments. This way, you will get the right answer and an increased reaction speed, aspects that contribute to reaching the central goal: increased income.
The online ERP system:
- Makes it easier to people, departments and locations to communicate with each other
- Offers access to last-minute data and related performance indicators
- Ensures the availability of real-time information related to, prices, customers and suppliers
2. Easy to define and apply commercial policies
By consolidating the relationship with your customers, the sales process will be more profitable. The implementation of well-established commercial policies ensures an increased satisfaction of your partners, and on the other hand, a better control of your company's cash flow.
The ERP system offers:
- The possibility of granting discounts taking into consideration various criteria, such as: product group, quantitative or value selling limits, customer types etc.
- The ability to set credit limits and payment terms for each customer and the possibility to restrict sales to certain customers
= An automatic commercial policies retrieval system: when a document is created the prices' values are automaticaly calculated depending on the established discounts, credit limits are updated and the payment terms are inserted.
3. More efficient sales divisions
When the product portfolio grows fast, it is impossible for a salesman to concentrate its efforts on all the products, so he might be tempted to focus on those that sell easier, or that have competitive advantages like the price or position in a certain market segment. In this case it becomes necessary to divide the product potfolio according to certain criteria, in order to facilitate distribution of effort.
Thanks to the ERP system:
- You are able to divide the sales force into divisions, each having allocated a balanced portfolio of products. Thus, one can get away from the temptation to promote only the products that are easier to sell
- You can manage the commercial relationship with a partner, no matter that it is held on one or more sales channels, on different product ranges, different price lists or payment terms.
4. An effective commisioning system
If you motivate the sales staff through the implemention of bonuses / commissions systems you will boost your sales. The ERP:
- Will help you set clear rules for granting bonuses starting from well-defined parameters, such as sales volume, distribution, receipts volume, payment terms etc.
- Will provide you with a complete picture about the sales activity and you will be able to take into consideration all the aspects, such as establishing limits for granting discounts and penalty implementation, in case they are not respected
- Offers you a full report on bonuses, that you can make available for agents too

business management software provider
www.seniorerp.ro/en/
www.seniorsoftware.ro/en