10 reasons to acquire an ERP solution

What are the basic parameters that can lead to the purchase of an ERP system, either as an initial investment or to replace an outdated legacy system? Read below to find out the 10 most important ones.

Cutting-edge technology

Migrating to a modern system comes with many benefits, including improvements in customer service, by offering your customers more self-service options, and integration of customer data from multiple channels that can then be effectively used by the sales personnel. Furthermore, there are benefits related to time management and prevention of errors in inventory management. With the right tools, even SMEs can compete with bigger “players”.

Enhanced productivity

Apart from the traditional accounting operations, ERP solutions offer other features as well, such as inventory management, cost projection and processing. By offering speed, effectiveness and precision to such operations, and at the same time integrating all the generated data, ERP systems significantly enhance your business productivity.

Wealth of information

A modern ERP solution captures a large amount of data, from literally all the transactions that generate data, that is then stored for later analysis. This means that managers can use this wealth of information – even before BI and analytics – to make important decisions.

Return on investment

In the past few years, the development of SaaS and cloud-based computing has rendered ERP technology even more affordable for small and medium businesses. An ERP system that fully meets the needs of the business, offers increased productivity, enhanced effectiveness, improved customer service and other benefits. If you add time and resources savings, then it is evident that an ERP system is indeed a great investment.

Employee cooperation and mobility

A modern ERP system includes features that allow employees to communicate and cooperate more efficiently. In particular, an ERP system offers specialized communication tools and customized dashboards that enable users -even those in different departments- to work more effectively. The same applies in the case of mobility, since more and more businesses operate in a BYOD environment, using a variety of devices, such as smartphones, tablets and laptops, the majority of which are supported by ERP systems.

Enhancing e-commerce

Investing on a modern ERP solution can offer improvements in e-commerce as well, even for small businesses that until recently relied exclusively on their physical stores. Modern systems include features such as omnichannel engagement, as well as tools for social media management.

Improved relationships with vendors, partners and suppliers

Most businesses rely on a network of suppliers or partners to provide them with the products or materials they need, in order to offer the final product to their customers. It is not uncommon, now, for business partners to require the flexibility and functionality of a modern ERP system, such as the one they are using themselves.

Development and expansion

The adoption of an ERP solution is a stepping stone for mature businesses, since it essentially unlocks the pre-existing potential. The automation features, the savings in time and money, the communication abilities and the effective use of data, contribute to the development of your business.

Security

Apart from the important data, such as credit card information, there is always the issue of network security. Modern ERP systems provide the necessary safety features that protect businesses against all threats. Choosing the right vendor is very important, as this vendor will offer you their know-how and guide you, so as to avoid potential risks.

Improved employee experience

Today’s employees are used to automations, and the existence of a modern ERP system will benefit both them and your business, by creating a friendly and functional working environment. This will enable you to gain their loyalty and attract the best working force, whenever you need it.