If you got here it means that you are a business owner looking for ways to improve the workflow in your company or an intrapreneur eager for efficiency. Enterprise resource planning happens to be a key solution for neat management and performance. Let’s explore the broad range of processes you can optimize with an ERP.
More business, more needs
When your business starts growing you need to keep things in place so that you support the growth, not restrain it from within. A bigger business means more employees to manage, more suppliers, higher demand for customer support as well as more support on the legal and financial side. All these admin elements can clutter your processes and prevent your company from development.
How it works
To understand if your company needs it now, let’s look a bit into what Enterprise Resource Planning actually is. An ERP is an integrated software system that aims at consolidating all functions of an organization. This means storing them in one place, hence allowing for an overall management view. Using an ERP enables departments to connect more efficiently and allows for more informed decisions to be made on all levels.
What to choose
If you’re looking for an ERP for your business you must know there are two main deployment types available: cloud-based and on-premises. If you’re interested in such a system but can’t afford to host it on your servers then a cloud-based ERP is an optimal solution. This means that you would have to access the system from a website. This type of ERP is less costly and allows you real-time access and visibility and a more flexible connection to your business data. The on-premises ERP software is deployed on your hardware servers. In this case, your IT staff can manage it.
Depending on your business’ configuration and criteria you may opt for one or another. It is important to remember the goal you have for this system when you make the choice. Do you want shared access? Are you looking for optimization? The answer depends on the size of the business as well as on the number of employees you have.
Keeps it together, in one place
Having an ERP system allows you to keep all your processes in one database, from accounting to HR and inventory. This software allows you to streamline all your day-to-day processes and access them efficiently. And when everything is integrated into one database, the control can be shared among your various departments so that all your managers, or even the employees, can have an overview of how their part of the business influences the whole. When access is shared, any admin can generate reports on topics of interest and therefore improve their team’s productivity. That’s how enterprise resource planning is a key solution for neat management and high company performance.
Makes it transparent
With enterprise resource planning software you can keep your data safe and accessible for your teams. This way everyone, or the people you choose to enable access, can have a clear overview of the company’s progress. Also, this will help the employees meet their targets and feel connected to the company’s vision and progress.
Helps you handle accounting
When the business grows, the financial perspectives and demands also expand so you’ll have more numbers to take care of. When the accounting side of the business becomes overwhelming and hard to handle it’s time to bring in an ERP system. A tool like this will help you keep track of the capital that flows through your company as well as of the employee salary management and contracts. If accounting becomes the entrepreneur’s nightmare, an ERP is a cure for a good night’s sleep.
Saves you some cash
Costs are a highly important part of any business and an ERP can help you save some money. The more your business grows the more pricy the administrative side gets and this is where such software can help. Instead of spending money on administrative and operations procedures you can manage these tasks and monitor the company’s ROI from one single place. You can either share the access and distribute the responsibilities across your management team or even monitor it yourself.
Before you head out to purchase the best ERP software for your company, make sure you check all points on this list we’ve made for you:
- Analyze & evaluate: Discuss with your partner or managers if they are ready to implement an ERP solution in your business.
- Set your criteria: go through your operations and try to pinpoint the main processes that slow down your overall activity. These will be key in the ERP development process.
- Look for providers: when you know what you need it’s easy to pick a software development partner. Make sure you target vendors who meet your criteria and your price expectations.
Now you’re good to go. If you want to begin your search on ERP software developers, you might already be in the right place since we can help you develop such an integrated software. Drop us a line and let’s get you an ERP for your business!