22 Mar 4 Ways Small Business Can Benefit from ERP
To compete and win in today’s fast-paced, technology-driven world, businesses need to transform into Intelligent Enterprises. This evolution happens from the inside out – and starts with ERP software.
ERP Software offers small and medium-sized businesses a world of opportunity. The integrated and automated design ensures that all parts of the software speak to one another, sharing data and information. This helps to accelerate business performance by equipping the user with a single version of the truth, igniting better and faster decision-making.
Some more benefits of ERP include:
The ERP system sits at the heart of the business – with finance at its core. Functions/departments radiate from the core, all sharing data and information through a single database. This means common business processes can progress smoothly from one department to another without the need to re-enter data or manually search for information.
Better management at your fingertips
The whole-of-enterprise approach to ERP systems helps to create clear visibility across departments, equipping the user with a single version of the truth. This allows managers to see what is going on right across the business and ultimately spot problems more easily.
ERP on the cloud offers users intelligent technologies to help grow, innovate, and optimise time and resources – no matter the size of your business. The 24/7 access with real-time reporting and analytics provides a responsive environment to take advantage of changing situations and new opportunities.
The advantage of automation
Using automation technology not only helps managers to make quicker, smarter decisions and identify problem areas. It also empowers employees to collaborate in a more productive and agile way. Workflow automation is a natural progression for business processes that may already be in place, especially those unnecessary tasks that are chewing away at precious time.
Workplace automation can also provide insights into your business’ processes, identifying areas and activities that are either truly necessary or a waste of time. Almost all unnecessary tasks can be eliminated with workplace automation, saving a great number of production hours. Everything from notifications to manual data entry and email flows, can be handled by computer intelligence.
Geared for growth
When small businesses leverage software in a smarter, more effective way, employees have the time and resources to focus on tasks that grow the business. It also helps employees handle increased work volumes more efficiently.
ERP systems can be highly beneficial to businesses of all sizes but work best when management is committed to the change. Implementation is a success when people are motivated at all levels and can feed that knowledge and enthusiasm back into the organisation.
Time, effort, and money is required when upgrading to an ERP system. However, the cost of ERP systems for small or mid-sized businesses are a fraction of the cost of the old bespoke systems of yesterday.