How can ERP help the healthcare industry?

Enterprise resource planning technology or ERP technology is the latest buzzword in various non-healthcare fields such as human resources management, financial accounting and supply chain management. In recent times, many hospitals and healthcare organizations are also coming into grasp with the benefits that can be offered by this innovative technology. With time, it is becoming more and more important for the hospitals and healthcare institutions to invest in a well rounded healthcare ERP solution for their firms. ERP systems offer bi-directional flow of data and real-time integration to the clinical systems which improves the efficiency of the healthcare system and also increases the promptness of delivering services internally as well as externally.

Benefits of ERP in healthcare industry

A Healthcare ERP system can make external and internal data available across various departments and functions thereby easing automation of process which in turn increases efficiency and reduces risks. Moreover, implementing Enterprise resource planning software within the sphere of healthcare industry can offer the following benefits:

• Reduced operational costs;
• Optimized business processes;
• Ease of multidirectional data flow and integration of all real-time data within the clinical systems;
• Better operational efficiency for the administrative staff, the physicians and the support personnel;
• Improved flow of information and better communications among the doctors and various departments, which ensures accurate and on time patient care;
• Opportunities for improved decision-making in relation to patient care as well as resource management

ERP software solutions for the healthcare industry can help in sharpening their focus on providing patients with best quality care as and when they need it.

Necessity of ERP in healthcare industry

Implementing a healthcare ERP software solution can present with major benefits for all healthcare providers. These systems can not only improve functionality and performance but also assist a healthcare institute to meet up to the requirements of a fast evolving industry.

Whether it is complying with the needs of patient confidentiality to moving to a digital record keeping system and appealing to highly qualified employees, the healthcare providers often face various challenges within a competitive medical marketplace. ERP services have already helped various other industries to improve their operational efficiency and improve the quality of services. Now it can do the same with the medical and healthcare industry. By bringing heightened effectiveness to healthcare arena, such software systems can ensure greater patient satisfaction.

Implementation of an ERP program

Even though an ERP platform can offer benefits in numerous areas like business process efficiency and information technology, effective implementation of the program is key to its success. In fact, even the best quality software system may perform poorly when it is not accompanied by a carefully customized and integrated implementation plan.

A reputed ERP software development firm must be in charge of the program’s development along with its implementation process. The actual process of implementation may also include valuable input from healthcare managers, clinicians as well as various other stakeholders and intensive training programs and not simply the IT specialists.

Oil & Gas ERP software – qualities to look for

Companies operating within the oil and gas industry are always looking for ERP systems that can help them to perform a wide range of industry related tasks. Since the demand for high quality oil and gas ERP systems is always high, many software firms have come forward with their own ERP products that can meet up to the industry-specific conditions. Numerous oil companies are already choosing one oil and gas ERP solution or the other depending on their individual goals and preferences, and these systems are also helping them to achieve their business targets. In fact, companies who have shifted to using an oil & gas ERP solution have recorded a marked increase of profitability by around 10%.

An oil & gas ERP software solution must be equipped with a range of functions that aptly fit the needs of the industry. It is to be remembered that like every niche industrial segment, the oil and gas industry also has requirements of its own. Therefore any company operating in this field should keep in mind the following requirements while they are looking to choose an ERP software system for its own needs.

Localization for the management of finances and customer handling

Since the business of oil and gas is carried out on a global scale, most companies associated with this industry need to function on a worldwide scale. Therefore an ERP program meant for this industry should be able to operate on global scale and be competent enough to handle the challenges that come with it. The ERP system must come with multi-currency capabilities which can help a company to run business in remote locations or areas in other parts of the world. Moreover, the ERP system should also support multiple languages so that the employees living in remote locations can have access to this system.

Production Scheduling

Scheduling of production is another important feature that is specific to the oil and gas industry. The systems should be able to correctly schedule flow of volume all along the process from a single unit to next. The Oil & Gas ERP Dubai systems should have the features for scheduling the right time needed to reach key volumes and also calculate the number of employees that it is going to take for reaching the volume at the right time for a customer.

Management of assets

Asset management is an important factor in the oil and gas industry. Most companies within this sphere work with numerous vehicles, machines, people and locations. Hence the loss of assets can lead to significant maintenance costs and downtime losses. A well developed ERP system meant for oil and gas industry comes with integrated asset management features that can allow easy and quick asset audits, inventory management and depreciation tracking.

Compliance

The industry of oil and gas is a highly regulated and highly scrutinized one. Therefore it should be able to meet up to the government regulations as set by the country of operations. The ERP system can help in keeping track of all government regulation data so that reporting is automated and easily achieved.