Merriam Webster Dictionary defines an enterprise as a complicated and risky project or undertaking with multiple layers. An Enterprise Solution aims to convert complex business undertakings into a comparatively easy process. It combines different components from different business areas through the exchange of data and information. It enables businesses to collect and distribute essential data throughout a company, offering managers real-time business information.

In this article, we will dive deeper into the types of enterprise solutions and the benefits that come with them. 

Types of Enterprise Solutions

Different businesses need different enterprise software that meets market and business requirements. Take an example of a pharma enterprise that needs to manage customer relationships; in such a case, the business can look for software to deal with customer relationships effectively. Another example can be a software development firm that needs an enterprise planner to handle company resources from payroll to other employer details. In short, enterprise solutions can be called an essential marketing tool to survive the business landscape.

Following is the list of comprehensive enterprise software that can help businesses in several regards –

1. Customer Relationship Management or CRM – This system aims to store thorough customer information. The information is similar to a contacts list, containing a detailed overview of customers’ relationships with brands. Having such information comes in handy when a business has to address any customer issue. A track history of when a business contacted customers or clients via different mediums, ensuring not a single lead is missed! CRM has lead management, invoicing, task management, and more.

2. Enterprise Resource Planning or ERP – A modern enterprise highly depends on an ERP system. This system creates a unified database that aims to cut down errors. The information is stored in a unique location from where all departments use it to conduct seamless operations. The historical database management was slower and had manual errors; there was minimal to no data exchange between different hierarchies. Given the need for human efforts, the system was a dependent one. The mistakes cause frequent revisions and monetary loss. The old management still was possible to use in smaller enterprises; however, with the growing size of the business, it becomes more complex to coordinate different systems within the company. 

3. Business Intelligence or BI – The data collected from marketing, sales, manufacturing, and HR is used to drive actionable business insights. A BI software enables seamless data collection. This system leverages data mining and other advanced statistical algorithms to generate patterns and the correct forecasts. This allows managers to guess trends and patterns amidst complex data. A person without a statistical background can use this system to make better business decisions.

4. Human Resource Management of HRM – Historically, it was pretty difficult for recruitment agencies for basic but crucial functions like controlling staff workload and tracking employees’ KPIs. The task gets more complex when the enterprise is enormous. The business aims to find suitable candidates to fill in the workforce at required positions. HRM software automates the hiring process and payroll management, workforce planning, performance management, and more to track employee productivity in a business. This allows them to bring more valuable assets to the agency.

5. Supply Chain Management or SCM – It is crucial to managing any manufacturing firm’s procurement, storage, shipping, and distribution processes. Different departments within a business carry it. It is highly required as the supply chain mismanagement leads to financial losses and wrong customer service. The SCM tools allow a steady flow of supplies for continuous streaming of production and delivery. This specialized tool gathers, stores, and manages sales and marketing data about suppliers, manufacturing, order processing, warehousing, logistics, and distribution to enable a seamless link within the supply chain network.

Other than these, other crucial enterprise solutions like marketing automation, business process management, automation, and more facilitate a smoother business operation, irrespective of its size and nature.

What are the benefits of having an enterprise solution for your business?

Now it is crystal clear that an enterprise solution addresses the business needs of large enterprises. This solution is different from another business-to-customer app in terms that it offers real-time data and is error-free. Other than these factors, the tools offer other benefits, as follows:

1. Enables high performance – The EAS or Enterprise application software can efficiently manage different functions at a time on a daily basis.

2. Empowers businesses with full ownership – With the mentioned software, there is no need to share company credentials with other business-enhancement apps.

3. Allows high customization – Businesses can opt for customizable business processes to meet their requirements at ease.

4. Brings high scalability and extensibility – The system, as mentioned, is highly scalable and grows with the business and becomes a part of it.

5. Enables a vast number of integrations -The system allows multiple systems to work under a roof and perform several tasks.

6. Comes with data portability feature – An enterprise system allows businesses to derive the stored data for different purposes. 

7. It has a high-security feature – An EAS is generally protected with several layers of security like two-factor authentication, making a robust system.

In conclusion, the EAS comes with robust features to strengthen business processes and operations. Therefore, it is highly recommended for businesses to opt for one to make their operations smooth and exude benefits beyond imagination. And it is not just about creating a secure ecosystem but organizing processes that a business already owns.