21 Sep The 3 signs telling you its time to implement an ERP system
Growing a successful business isn’t easy – it takes a lot of time, dedication, and focus from a lot of different people. What makes it worse and can hamper business growth is outdated or unmanaged software systems. Implementing a whole-enterprise system in which all employees have access, can help to improve the efficiency and performance of the workplace.
An enterprise resource planning (ERP) system, like Triumph ERP, could be the answer to all your problems. Here are some of the most common warming signs indicating that you need to implement an ERP software.
You lack mobile capabilities
In today’s digital era, mobility is a key feature for businesses to gain a competitive advantage and increase productivity. The increased affordability of personal technology combined with a changing work environment has contributed to SMEs becoming more mobile friendly than ever before. According to IDC, 73% of the workforce will be mobile by 2020.
An ERP system with mobile capabilities ensures employees can communicate, perform tasks, and check-in with their employer and work colleagues from almost any location on earth. Information is in real-time, which ensures that decision-making will be made with the most relevant information.
Poor accounting and sales
If your accounting team keeps asking for more up-to-date figures, this should be the number one indicator telling you the company needs an ERP system. The second indicator that you need an ERP system is if you still conduct manual entry of paper-based invoices and sales orders. Not only does chasing up information and manual entry chew into your valuable time, its stunts growth and productivity.
With new and emerging technology right at your fingertips, its seams a little silly not to be using it within your business. An ERP system can ensure that the accounting and sales team is on the same page with the rest of the company. With correct and up-to-date information, a clear picture of company’s finances can be established.
Your system integration suffers or doesn’t exist at all
Many small businesses buy entry-level systems to manage their core financial needs and over time will purchase add-ons for more specific business requirements. However, as the business grows and the business expand, you may find that you rely on several different pieces of software to maintain the day-to-day running of the business. Working off spreadsheets or using a number of programs to help support the functionality of your main accounting software not only slows down the system, but often results in a lack of integration.
System integration provides a company the ability to consolidate relevant and important information/data across teams and departments. With an ERP system, there is no need to deal with messy add-ons or spreadsheets, as it integrates all areas of business in one, easy to use system. This saves you time and effort as the bulk of the work is done by the core ERP package. ERP software allows for simpler management of business processes, whilst improving functionality with a more powerful reporting and improved business automation.