a) ERP reduces duplication of work and reduces paper documents by providing online formats for quickly entering and retrieving information.
b) Reduce overheads, lead type, cycle time and work in progress
c) ERP provides greater accuracy of information with detailed content, better presentation, fully satisfactory for the auditors
d) Company can track the orders and get detailed information on their customers. Further it assists in improving customer delivery time.
e) Accounting application can integrate the cost, profit, and revenue information of sales that are made and it can be presented in granular way.
f) It maintains precision in the production, planning and scheduling and hence can protect a company against crimes such as embezzlement or industrial espionage
g) It helps in tracking 3 way match between purchase orders, inventory receipts and costing
h) Helps to achieve competitive advantage by improving its business processes.