In the current scenario, ERP has become an integral part of a company’s success and hence is implemented on every level of business. ERP Software can help in decision making in both simple and complex organization. ERP system is capable of generating more accurate data with the help of modules. It helps to integrate the functional units of an organization to get a better overall visibility and manageability. ERP for university enables better utilization of resources at both the front and back end and reduces the expenses related to inventory control, procurement, payroll, budgeting, etc. This would definitely help in improving the efficiency of the employees and thereby increases the overall productivity and profits of the organization.
An integrated and user-friendly ERP for university which facilitate easy assessment, selection, approval, documentation, integration and reporting of new hires, student tracking and online admission and course enrollment. The ERP software would help in reducing manual paper work and time spent on various tasks. University data can be accessed from anywhere through online portals and can be shared with other departments as well. It also allows for improvement in selection criteria for recruitment. An easy-to-use interface, the comprehensive report generation and easy accessibility of data, valuable information and statistics makes it a must for any organization that wants to capitalize on its resources to its advantage.
ERP Software for universities is capable of managing a wide range of information, processes and people involved in the organization. ERP Software creates and tracks a database of the organization’s activities, enabling quick analysis and reports about current status. With a proper ERP system, data can be accessed, analyzed in real time to make better decisions for the future growth of the organization. The information management system incorporates the essential features like scheduling, inventory, cost, human resource management etc., which are very important for an institution.
University operating systems need to support ERP software in order to be fully compliant with the regulations and standards set forth by the Food and Drug Administration (FDA). Some universities have already started integrating ERP systems to enhance quality, student satisfaction, reduce cost and improve collaboration among faculty members. In the process of enhancing the quality of education in the country, institutions of higher learning have realized the importance of implementing ERP in their enterprise. Some of these include Federal Government, State governments, Southern Universities, Lagged States and National Universities.
In a recent survey of almost one hundred researchers involved in ERP activities, seventy percent said that implementing an ERP system has made their work easier and the quality of research results improved considerably. Implementing an ERP system has made the university more effective at managing its resources and improving its management effectiveness. The best way to implement ERP in colleges is to link all the operating units of the college under a common platform and data source. This way, all the departments can share information about the current situation, share data, access each other’s resources and collaborate efficiently on projects.
ERP in colleges is a way to integrate all the functions of the enterprise, analyze the enterprise and optimize performance. ERP systems are designed to manage departments and offices within an organization. These include finance, human resources, accounting, supply chain management and many other functional areas. By integrating all these functions under a common ERP platform, enterprises are able to manage departments in a more streamlined manner and create a coherent system that benefits the enterprise as a whole.
Another major advantage of ERP in universities is its potential to streamline the management of the admissions and enrollments of students. Integrating an ERP system with the admissions and enrollment data of the university will enable the admission and enrollment process of prospective students to be much smoother. This means that the process of admissions will be rationalized and the necessary permits and programs approved much faster. It also means that there will be more direct contact between the admission department and the various departments and by streamlining the procedures involved, the administration of the admissions process will become more efficient and smooth and the chances for fraud will be minimized.
In order to take full advantage of ERP in universities, it is important for the administration to empower the faculty to implement the ERP system and train the faculty accordingly. This will allow the ERP system to integrate seamlessly with the teaching faculty’s manual. As a result of this integration, the teaching faculty can design their own modules and have them integrated with the ERP, thus giving the system the greater functionality. Installing and configuring ERP software in universities allows for the complete integration of admissions, enrollment and financial management without having to modify any codes or install additional hardware. Implementing ERP in universities will enable the process of teaching, research and medical education to be streamlined and improve overall efficiency.