What ERP Can Provide for Your Small Business
When you’re a small business, it’s crucial that you maintain a lean team with agile operations in order to save on cost and experience strong growth. Without maintaining a lean and efficient team operation, the business won’t find success or be able to break through the initial barriers of the industry. This is where enterprise resource planning (ERP) software changes the game. Commonly thought to be reserved for mid to large-scale businesses with huge revenue, ERP is actually a perfect fit for most small businesses willing to make the investment and implementation. Below, we’ll go into more detail about the importance of an enterprise solution in small businesses, and how they can make or break rapid company growth.
Get rid of spreadsheets
Is your company relying on spreadsheets to handle all of your project tracking and finances? If you are, it’s time to consider an automated solution. An enterprise resource planning solution utilizes a centralized database of information, ensuring all data entered is accurate and easily accessible with as few clicks as possible. With spreadsheets, you’re constantly searching for the right data, and reporting takes hours to complete. With an enterprise solution, each of these tasks takes just seconds. With that kind of time savings, you’ll have plenty of additional opportunities to tackle other important tasks at hand. Oh, and duplicate data entry? A non-issue with enterprise software. You’re welcome in advance.
Communication is one of the most important aspects of a successful small business or any size business for that matter. If communication is hindered, or departments siloed in some way, you’re going to have major issues down the line. Small businesses, in particular, require fluid communication in order to thrive. Having an ERP solution in place ensures all data accessed is real-time data, meaning everybody in the company is accessing and manipulating the same data. No need to email back and forth spreadsheets endlessly.
No more in-house “solution”
If you’re not utilizing spreadsheets, but you’re still not utilizing an ERP solution, you might be one of those businesses with an in-house software solution. In most cases, these solutions are extremely expensive to build and upkeep, and the cost of doing so doesn’t actually keep your business lean or agile in the long run. In addition, the IT resources needed to build and maintain an in-house solution can be almost impossible, especially for small businesses trying to make their presence known in their respective industry.
Work with your vendor like a business partner
Small businesses thrive when they have business partners willing to work with each other in order to grow and improve. An enterprise resource planning software provider should be considered as a business partner, an organization that’s main goal and purpose is to help your business grow in size and influence.