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Enterprise resource planning (ERP) is tremendously famous for effectively managing a multitude of business applications across an organization. There are a lot of large companies started using this app, but smaller companies are still hesitant to accept ERP Software for the apprehension of making a wrong, expensive investment.
On the other hand, many small and mid-size businesses (SMBs) are still struggling with decade-old systems and at present time started acknowledging the requirement to upgrade the system that is the very backbone of their business.
Need of ERP for small business-
1. Owners are also finding that other software programs that might have worked great up to this time, no longer functioning well with other new business processes
2. This is leading to an inflexibility that ultimately hinders the working cycle across a company’s business portfolio.
3 . No matter what are the reasons, a lot of companies are now investigating ERP as a solution to assist considerably contributes more to the bottom line.
Although a lot of SMBs balk at the idea of investing in ERP – thinking that they could not perhaps afford to make the substantial investment in this technology. It is somewhat inevitable that SMBs can any longer meet the expense of not to having an ERP system in their business.
While an ERP system can be rather an investment, its monetary benefits are long term.
Here are five things to think when buying an ERP system:
Value Advantage-
1. Functionality and flexibility of ERP software- does system provide solutions that rightly fit your business needs?·
2. Cost of ERP software – what number of staff would be performing tasks with the system? The cost of licensing is generally dependent on the number of users·
3. Implementation – do you think you are able to invest the time and resources for data conversion
4. Training – does the vendor of the system provide practical training support?·
5. Ongoing support – high-quality customer service is a necessary factor for ERP software in order to maintain the system and keep it working to its utmost efficiency.
The time and resources that are spent on administration in supporting numerous platforms across diverse departments can be eradicated with a simple ERP package.
SMBs must understand that ERP is no longer just for the fat cats only. ERP software vendors recognize that there is a larger slice of the pie out there for them with SMBs. These ERP software vendors have customized their ERP solutions for such companies so that these companies can also take benefit of ERP for maximum efficiency in conducting their business.
MYOB and Quickbooks are not enough for smaller companies now and these small companies reap huge rewards from using an ERP software that has been purposely tailored for their business. A good quality ERP system can be affordable for small and medium businesses and can save a large amount of money in the long run since ERP ties together all facets of a business, and is designed to offer unique insight into managing the company.
