Tangible and intangible benefits of ERP system

What are the tangible and intangible benefits of ERP system

Tangible benefits are those measured in monetary terms and intangible benefits cannot be measured in monetary terms but (http://www.eresourceerp.com/tangible-and-intangible-benefits-of-ERP-system.html) they do have a very significant business impact.

Tangible benefits:

Improves the productivity of process and personnel
Lowering the cost of products and services purchased
Paper and postage cost reductions
Inventory reduction
Lead time reduction
Reduced stock obsolescence
Faster product / service look-up and ordering saving time and money

Automated ordering and payment, lowering payment processing and paper costs
Intangible benefits:

Increases organizational transparency and responsibility

Accurate and faster access to data for timely decisions

Can reach more vendors, producing more competitive bids ;
Improved customer response
Saves enormous time and effort in data entry ;
More controls thereby lowering the risk of mis-utilization of resources
Facilitates strategic planning
Uniform reporting according to global standards

For more information kindly visit: http://www.eresourceerp.com/tangible-and-intangible-benefits-of-ERP-system.html
OR Please Contact us at:
TMA House, 1st Floor,Road No 16, Plot No. 6,Wagle Industrial Estate,Thane (West) 400 604, Maharashtra, Tel: +91 22 25827692/+91 22 25828775/+91 22 65130234, +91 22 65130234, e-mail (Sales): sales@eresourceerp.com
e-mail (Help Desk): helpdesk@eresourcerp.com, Web site: www.eresourceerp.com