ERP (Enterprise Resource Planning) systems have numerous benefits for a small business. The software can greatly improve resource utilization and connect all the different parts of a company together. It also provides effective methods for inventory management, shop floor control, and purchasing and receiving
The first your company needs an ERP system is to improve the efficiency of your business. The most important daily tasks are streamlined and automated across the whole company, which in turn frees up your employees to deal with more complex matters. ERP also allows multiple departments to function as a single unit and coordinate tasks in an professional manner.
A second benefit of ERP is the amount of time it can save your employees. They will be able to follow up on leads at a much faster rate and determine which ones have the most potential for success. They also won’t have to spend as much time on data entry since the information will only have to be entered into the system once. The time saved can then be used for more important tasks.
You will also gain a greater level of information consistency with an ERP system. If a member of the sales department needs to look up a piece of customer data, they can will know that the customer service department has access to the same information. This can help to reduce embarrassing mistakes when a client needs to be transferred between different departments.
A fourth advantage of ERP is that it can help to reduce operational costs. Your company will use less paper and postage since the tasks that required them will now be automated. You will also have lower payment processing costs and not have to spend as much money on unnecessary inventory.
Another benefit of ERP is the organizational transparency the system provides. You can observe how an employee responds to a particular issue and see how they have dealt with similar problems in the past. It can also provide insight into how is specifically at fault with an argument during an employee dispute.
A final reason that your company needs an ERP system: it will help you to achieve global standards for accounting and reporting. The software will automatically make sure that you are meeting IAS and IFRS protocols and various disclosure requirements. If you are doing any sort of international business, this can greatly simplify the process and alleviate any concerns that you might have.
Enterprise resource planning (ERP) software delivers the ability to manage and standardize business processes across your entire organization. The increased efficiency from this can generate an impressive ROI. But there are hundreds of ERP vendors to choose between. more
The hidden costs associated with implementing an ERP system can add up quickly. Businesses frequently find that these projects go over budget despite being well planned. You can avoid this problem by preparing for these overlooked expenses ahead of time. This allows you to develop a more accurate budget and even reduce some of the costs. more
Although the SaaS model is becoming increasingly prevalent for all types of business software, many organizations have been reluctant to switch to SaaS for ERP (Enterprise Resource Planning) application modules. The thinking goes that ERP functions are too important to be left to the cloud. more
Among all of the business software applications necessary for business operations, ERP is undoubtedly one of the most important. Making the wrong selection can have a disastrous impact on your accounting, manufacturing, and supply chain. With so much at stake, it is crucial to make a well-informed decision. more
Selecting an ERP system is no easy task. You have to select and configure a system that fits your exact business needs. Getting it right means a myriad of benefits, from increased productivity to reduced costs. Getting it wrong can be a quagmire. Our new comparison guide gives you the data you need to make an informed decision, all in one easy-to-use Excel file. more