ERP is software used by a multinational corporation. This is used in integrating several software products including HR, Financial, Manufacturing, Marketing, or Supply chain operations for many companies. ERP gives the benefits of consolidating its tools into a single ERP system. Buying an ERP software includes Major features, Modules, Charts, Importance, and expectations.
Advances in IT have redefined the educational institutions handling their operations. The replacement of older legacy with centralized ERP gives faster and quantifiable changes in the administration process. ERP software includes a set of multiple tools, which helps in modernizing the campus along with upgrading and planning and also managing the process related to student enrollment, lecture sessions, courses, bus fee structures, library, etc.,
ERP system in education automates and makes all the processes functioning within the limit of an institution to which significantly improves the effect of locating and operating educational resources better.
The following are the advantages of implementing ERP in educational institutions:
1) Simplify admission process
The admission process in schools, colleges, universities is complicated and lengthy. Every application consists of vast information about the candidate which includes their DOB, identification marks, and much more. In determining the candidate eligibility you are supposed to go through all these records where doing manually takes so much time. However, by using ERP software, all these complex processes to enroll the best-fit students among the institutions gets very simple. The software displays all the required components in a single place, which helps administrator easily accessing and speeds up the recruiting process.
2) Automate fee payments
Collection of the fee is an important process in any educational institute. Before ERP was introduced all the managing processes were so complicated. They need to check each payment record of all the students to find out who has cleared the fee and who is outstanding.
An ERP system releases this manual task and quickly makes the fee collection. The software automatically separates the fees collected under different categories and also has a track of all important components in the fee structure which includes the amount of money paid for tuition, admission, books, lab, etc., and also helps the students to stay updated about their fee status. ERP software also generates automated alerts to students or their parents who are notified on time about their fee structures.
3) Centralized data management
Educational institutions need to store an immense amount of information about students, books, exam schedules, lesson plans, and other data. An ERP software brings the whole campus and all branches into a common system which helps in making the process of data management easy. This software also enables sharing of stored data across all the departments to keep them updated on all important information. This way there is better control of internal and external communications in the institute.
The main advantage of ERP implementation in an educational institute is its code effectiveness. ERP helps in cutting down tasks involved by labor into very simple methods such as payroll, fee collections, admissions to reduce the number of man-hours resulting in saving a lot in expenditure.
5) Quicker management process
Education ERP software provides simple and fast access to information about students, staff, timetables, admissions, fees, and so on. ERP also plays an important role in analyzing various aspects of an institution, leading to growth and planning capabilities.
6) Data security
Every educational institution has to keep a record of students for the ongoing academic year as well as the alumni, teachers, books, and so on. Combining all the amount of data and storing the data physically on the shelves is never secured. ERP software can store all these abundant data and information securely.
The ERP software has a backup system to preserve the info.
All these key processes accelerate day-to-day activities and work out things well in case of any issue or problem. If you have a questions on implenting ERP in higher educational institution please reach out to us.