One major benefit of having a single modular ERP system is that it can unite and
link together multiple processes and parts of the business, making the business
run more efficiently.
By automating various functions, you can also benefit from having, for example,
good order tracking, from acceptance through to fulfilment. In terms of the revenue
cycle, you can track invoices through to cash receipts.
ERP systems also centralise the data in one place, which can eliminate the problem
of synchronising changes between multiple systems, and allows business managers
to get a more accurate view of the business’s information.
Having a single data repository can also lower the risk of losing sensitive data,
if you use appropriate data security and authorisation.