What is ERP Infographic 2020 - LBMH

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SO, WHAT IS AN ERP? is business management software, usually a suite of integrated applications, that a company can use to manage dierent aspects of their operation. DID YOU KNOW? SOURCE: 1. Aberdeen Group: 'A Guide for a Successful ERP Strategy in the Midmarket: Selection, Services and Integration', 'To ERP or Not to ERP for SMBs', *Implementation time may vary on client size 877.521.1100 | www.ecisolutions.com | How business gets done. ©2020 ECI Software Solutions, Inc. All rights reserved. ECI and the ECI Red Box logo are trademarks or registered trademarks of ECI Software Solutions, Inc. WHAT CAN ECI DO FOR YOUR BUSINESS Enterprise Resource Planning Best-in-class midmarket organizations reduced their operations costs by 25% and administrative costs by 23% CLOUD-BASED ERP IS MORE SECURE Almost 94% businesses believe their security is better with cloud services, including ERP. TRUE OR FALSE? ERPs are for large businesses only? FALSE. -23 % -25 % 94 % 75 % of SMBs use an ERP! SMBS WITH ERP ARE ERP VS. NO ERP 118 % PAIN POINTS WITHOUT ERP Using disparate systems means: & • No visibility into your business • Redundant work causing errors in processing • Exceeded budgets • Missed deadlines more likely to have real-time visibility into the status of all processes from quote to cash. Days to close a month Service completion to invoicing (days) Days sales outstanding 3.8 / 5.9 3.8 / 6.4 32.5 / 43.3 Better decision making Shortened build cycles Reduced variance costs Improved communication

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