Small Business ERP Solutions have been around for years. The demand for them has grown over the past decade, but still many myths surround ERP solutions.
In this article, we’re going to take a look at five common myths regarding ERP solutions for small businesses, and address how these myths can adversely affect your business if not understood correctly.
Myth 1 – Small businesses don’t need ERP
The need for a well-organized structured workflow is a must for small to mid-sized companies. Transactions occurring inside a business often involve different departments and intersect at various points – prompting the need for cross-departmental information sharing. In such cases, an ERP system can help promote growth by maintaining a seamless flow of data across departments.
Myth 2 – ERP is too expensive for small businesses
Every organization is seeking ways to reduce costs. With so much money being invested in new initiatives, it may be difficult to remember the old maxim—you have to spend money to make money. ERP software is an important tactic for reducing costs within your organization without sacrificing your return on investment (ROI).
ERP software has the potential to streamline business processes and thus increase productivity and profitability. The ultimate aim is to help your business grow and flourish, and not only maintain the status quo.
All this is possible without having to invest heavily, as ERP software costs are very reasonable and affordable. It can be implemented as per any business’s financial capacity; no need to wait for ‘Eureka moment’ as such, as long as there is a will, there is a way!
Myth 3 – ERP systems are only for big companies that have very complex processes
Software used by larger companies can be a great choice for small businesses as well. ERP systems were traditionally used only by the largest of firms due to their complexity and size of implementation required. But, as technology has advanced, the landscape has changed significantly. Smaller organizations have been increasingly able to take advantage of customizable ERP solutions that cut costs, reduce paperwork and increase business efficiency.
Myth 4 – A new ERP system will be expensive to implement & maintain
It is a common misconception that implementing an ERP system is too expensive and takes too long. A lot of businesses avoid getting an ERP because of this. But if you don’t understand how you will benefit from an ERP system, you should consider how it can reduce your costs and increase your revenues.
Myth 5 – ERP is too complicated
Complexity is the biggest misconception about business software. Despite what you might think, you don’t necessarily need complicated solutions to run your business.
This is a myth that can hold you back from exploring your options for business software. You probably have experienced the challenges that come from working with multiple software tools, but I’m here to say that it doesn’t have to be that way. With the right system, you could streamline your business processes and increase productivity without breaking the bank. It might even save you money by cutting out extras like higher salary costs, support fees, unnecessary consultants, and more.
The reality is that smaller businesses face the same pressure to work smarter and faster, so they’re looking for simpler, affordable software solutions to help them out. This shift represents a huge opportunity for SME’s looking improve daily life in the workplace—especially when it comes to shrinking time spent on routine tasks.
Are you looking for an ERP solution for your business and are confused how to how about it? Our experienced consultants can help identify the right products and solutions for your business. Feel free to reach out to us at [email protected]