Why is ERP necessary for SMBs?

Streamlined processes

The following example may sound quite familiar: Your business has many different departments and a maximum number of employees that it can occupy, which is obviously a positive thing. On the other hand, when this kind of development goes on uncontrolled, departments often stop working together seamlessly, which results in delays and miscommunication. Deploying an ERP system will help you streamline business processes, as all different tasks, employees and processes will be organized within the business. As a result, there will be no more delays or conflicts that may hinder your business development.

Because Excel is simply not enough!

When you were just starting your business, it may very well be that Excel spreadsheets could meet your needs, but after a certain point and as errors in spreadsheets and data entry are becoming a common phenomenon, your accounting department understands that they can no longer handle the complex processes that come along with business development. So, what do you do? An ERP solution -specially designed for small and medium businesses– provides full accounting and financial management features, customized according to your needs.

Budget-friendly investment

The cost of deploying an ERP solution was -until recently- the most important factor that prevented SMBs from making such an investment. As these solutions are now becoming mainstream in the SMBs world, prices are decreasing so as to meet market needs. You can now choose modules and suites that are specially designed for your business needs and meet the requirements of specific processes. If you develop the proper strategy and invest in a carefully designed solution, you can be certain that your SMB is on the right track, thanks to a smart investment.

Cloud power

Until recently, another reason why many SMBs were reluctant to invest in an ERP solution was that onsite installation required hardware and space for servers. The emergence of cloud-based ERP provided the solution to this problem. Now, SMBs can benefit from the advantages offered by ERP cloud vendors, who provide the necessary maintenance and upgrading support services with a fixed monthly subscription fee. This is the ideal solution in terms of cost, as it provides the lowest possible TCO to businesses that want all the advantages of ERP technology, without having to own the costly hardware that is usually required for the system deployment.