ERP for small business is getting to be a popular topic, and it’s not hard to understand why. A small business that implements an ERP solution can add significant value to its operations.
The term “enterprise resource planning” may sound like one of those daunting business concepts reserved for Fortune 500 companies. However, it’s becoming increasingly popular with small businesses as well. But what is ERP, who needs it and what benefits will it give? Let’s take a brief look…
What is ERP?
Enterprise resource planning software (ERP) is a business management system that allows for the organization of all a businesses’ different departments into one overall system. Examples of departments are accounting, supply chain management (aka purchasing), and production control. ERP software connects these departments in one single system.
Who needs ERP?
If your business is still small but you are facing the complexities and difficulties of managing it effectively, then you might want to consider implementing an Enterprise Resource Planning (ERP) software.
In fact, most of today’s growing businesses start with only a few people or even just one person. As their business grows and more employees become involved in different aspects of running the company, these companies eventually reach a point where they need to implement an ERP system to help them manage their operations efficiently.
What are the signs that you may need an ERP?
- Inventory is hard to manage
- No visibility into business data
- You struggle to meet customer expectations
- You (and your customers) suffer from manual input errors
- Business relies heavily on excel spreadsheets
What benefits do small business get from ERP?
- Improving overall business performance
- Reduce costs
- Support business growth plans
- Gain visibility into business data and financials
- Eliminate manual processes
- To replace disparate systems
- Technological advantage over competitors
If you’re looking to bring all aspects of your small business together, ERP may be the solution you need. When considering the complexity and time-consuming nature of running a small business, it’s essential to make your most important tasks easy.
Adopting an ERP system and improving a business’ productivity is one of the most important initiatives that a small business owner can make. If your business is still using old-fashioned paper systems to manage your finances, shipping, and your inventory, you are missing out on many benefits and growth opportunities.
There are many software options for small businesses looking to implement Enterprise Resource Planning, or ERP software. Therefore, it’s important to do your research before deciding on a solution.
Signum Solutions is an SAP Business One Gold Partner and has been helping clients with their ERP projects for over 18 years. We are committed to helping small businesses thrive, and we would love to speak with you about the value ERP can provide your business.
If you want to figure out whether your company is ready for an ERP software solution, contact the team at Signum today!