ERP Systems for Small Business
ERP Systems for Small Business
Most entrepreneurs start their businesses with the goal of becoming their own boss. If you have come across this article, you are probably on the right track to make your dreams a reality. Running your own business is no akewalk. While it comes with a lot of perks, it also has major challenges. If you are just starting out you are probably anaging all the tasks such as operations, account management and engagement of the employee.
An Enterprise Resource Planning System or ERP System is perhaps the greatest investment for small business as it helps you with a variety of tasks:
- Improving efficiency while reducing frustration
- Improving key performance indicators
- Supporting business growth
- Giving you a competitive edge
- Cutting down unnecessary costs
Importance of ERP Solutions for small businesses
The best ERP system software will allow you to manage all the business processes seamlessly. As simple as managing process sounds, it isn’t. And that’s where ERP comes to the rescue. An ERP will include a list of modules which operate in one database. There are different types of ERP for different businesses and different implementations as well; cloud ERP, on-premise ERP and the list goes on.
How ERP Can Solve Your Business Issues?
The priorities of a small business are very different from a larger business. An ERP Software Company must understand this and suggest you a software which fits your own particular needs. Your software
will solve the following business issues:
- Hard manual processes
- No visibility into business data
- Contrasting systems
- Lack of data analytics
Not all ERP solutions are created the same, find the one that tackles all the above-mentioned issues in one go. In most cases, the right platform will assist the business growth while making sure that your employees have a one platform fix to access information, interact and boost performance. The one point which everyone should keep in mind that your system must be scalable so it can accommodate your changing business needs.
Features to Look for In an ERP System
Here is a list of features you must look for in an ERP System:
Accounting – This is perhaps the most important features as it will help you simplify the reporting process and resource allocation.
BI – Business Intelligence is essential for all enterprises to grow. It gives you an insight into analytics which are essential to analyze the data effectively.
CRM – CRM helps you manage leads, customers and departmental operations. It not only increases revenue due to better management but boosts customer satisfaction as well.
HR – If you want to speed up your Human Resource activities and reduce the workforce, ERP will help you big time.
Inventory Management – Inventory management can be a very intimidating task. ERP will help you keep a tab on product supply, stock and tracking with ease.
Integration – Instead of using different platforms for different business needs, you can integrate them into one. With the help of Integrated ERP, you will be able to keep a tab on everything without investing in multiple systems.
Analytics – Analytics not only give you an insight into your growth but also helps you develop an effective strategy for growing your business. ERP offers effective analytics and reporting tools to help you grow.
Benefits of ERP for Small Businesses
Let’s look at some of the tops benefits of getting an ERP for your business:
- Improved operational efficiency
- Transparency across all departments and ease of communication
- Tracking of cycle time
- Industry-specific best practice recommendations
- Analytics and reporting for better insight and improved decision making
- Improved responsiveness to queries of customers
- Effective sales management; analyze, manage and track sales
- Quality assurance and quality control in a single platform
- Trends to predict customer patterns
- Complete order management at one space
Last but definitely not least, we would always recommend small business to go with a system that is particularly made for their industry to avoid any confusions, simplify the software, get rid of unnecessary features and of course to get the maximum benefit out of it.
That’s it for today, we hope you learned something new today. If you have any questions, do not hesitate to ask. We would be honoured to help you out.