ERP for both big and small players

More and more small and medium businesses are turning to ERP solutions, in order to integrate their processes and data into a single system. It may be true that ERP technology used to be a privilege, accessible only to big organizations, but now, the owners of new small and medium businesses want to resemble “big” players. Read below to find out the most important reasons.

Reduced expenses

The most attractive reason driving small and medium businesses to implement an ERP system could be that such a solution will help them reduce their overall operating expenses. Instead of using a collection of different applications, they can save money on software and management. While it may be true that the initial investment cost is not negligible, an ERP solution can help a business save money, even in the short run.

Customization options

An important advantage of ERP solutions for small and medium businesses is that they include customizable modules. This means that you can pay a usually annual bill, without getting charged for the modules you did not use. In most cases, an ERP solution has a large number of available modules, which makes the system more flexible to use. Therefore, you can add the modules you need and remove those you don’t, thus enjoying a solution that is neither overly complex nor insufficient.

Readily accessible data

Often enough, when a business is rapidly developing, it has to deal with issues related to data fragmentation. For example, inventory data may be stored into one place and financial data into another. With an ERP solution, all the data is gathered in a single location and users have quick and easy access to everything.

Productivity and cooperation

With your business data being available to all the different departments at the same time, your employees have access to all the information they need, without having to contact other departments. One of the benefits of using an ERP solution is a distinct increase of productivity, without having to hire new employees. This alone allows small and medium businesses to get a return on their initial investment even quicker.

It should be noted that, when employees don’t have a comprehensive view of the necessary data, this affects the overall productivity and cooperation. Thanks to ERP technology, employees from different departments can share data in a way that would be unimaginable, if they were using different applications for different operations.

Confident decisions

Another not measurable, but equally important, benefit of ERP technology, is that it can help you be more confident when making decisions, since you have access to all the data you need, whenever you need. Additionally, ERP technology offers you more useful information that you can include in your reports and use to generate improved analyses and make decisions.