Before I start, it is assumed that all large and very large companies have ERP in place.
I was really convinced about the potential benefits (rather basic requirement for any organization) of ERP more than a decade back, even before conceiving my own business. In the digital age, I have currently implementing ERP in two different organizations, I am more than convinced about my thoughts. Any company which has grown beyond 20 people, it is essential requirement such as accounting department for a manufacturing organization.
Why do I feel that way?
1.It gives a realistic picture of your business. (An accounting software gives only about the money trail)
2.It makes communication between different functions of an organization. Communication to business is what nerve system to the body
3. It helps to train the people and absorb them into the team much quicker, especially freshers and make them productive faster because of standardized system.
4. It gives the warning about the bottle necks, at any point of time. You have two optons, ignore at your own cost or get down and remove the Bottleneck.
5. Helps to reduce the mundane duplicate jobs, if organiztion wants to.
The above points boils down to : EFFICIENCY