- May 12, 2022
- Posted by: Santanu Das
- Category: Uncategorized
Returns we Expect from a Manufacturing ERP Investment
The decision to implement cloud-based ERP solution can take your business to the next level. Cloud ERP / CRM solution helps reduce the overall operating cost, increase productivity and offer standard features that automate business tasks and save time
The decision to implement or upgrade a Cloud-Based ERP solution can help take your business to the next level.
Cloud ERP / CRM solution helps reduces the overall operating costs, increases productivity, and offers standard features that automate business tasks and save time.
Calculating the ROI of ERP is a daunting task – it’s fraught with challenges and misconceptions. That’s why we focus on the costs which can deliver the quickest returns on investment.
Key ERP ROI Measurement Parameters
Return on investment or ROI isn’t just about financial gain; it is, in fact, a much wider term that implies growth in efficiency and productivity of the operations being carried out by the company.
Let’s take a close look at the parameters of measuring the return on investments.
- Change in operation planning and control
- Change in production efficiency
- Cost of materials
- Cost of labour
- Sales revenue and gross margin percentage
- Change in administrative costs
- Cost of regulatory compliance
The ROI calculation is a problematic task. While analysing the monitory investments such as license fees, maintenance fees, and total cost of ownership is crucial, it is equally important to pay attention to the amount of time and effort invested in your ERP implementation. These, put together, cloud ERP solution will be the best choice for height ROI.
We are the best ERP software company in Kolkata. Our team of consultants can help you choose the right ERP system for your business.