The gamechanger for enterprise resource planning (ERP) software was about a decade ago. That was when the product became a cloud service. This is in sharp contrast to the huge server-based programs managed on-site by large corporations before.
ERP software is now an attractive option for small- and medium-sized enterprises (SMEs). Its biggest draw is that general ledger accounting software solutions can now extend their product suites to include full ERP functionality. Most product suites follow a modular design, which means businesses can buy only those features that they need.
So, who needs an ERP platform? Read on to find out, as we discuss which ERP is the best bet in 2020.
What Does an ERP Platform Do?
ERP is modular software that takes care of the financial side of your business but also includes integrated app modules that address other aspects of your business, such as
- Customer relationship management (CRM)
- Business intelligence (BI)
- Materials Resource Management (MRP)
- Supply Chain Management
MRP is the umbrella term for other tools that handle
- fixed asset management
- JIT (just-in-time) inventory
- POS (point-of-sale) systems
- Project management.
An ERP platform manages the entire enterprise, not just the accounting and financial (and human resources) functions. Businesses that use an ERP platform are able to gain insights and introduce processes that are not possible when using separate tools.
Is My Business Big Enough for ERP?
If you have a need for custom business processes, an investment in ERP software is worthwhile. Other indicators that your business could benefit from ERP would include multinational commerce, a relatively complex manufacturing process, or the need to manage a relatively complex supply chain.
Motivation and Consultation
The prime motivation for investing in an ERP platform is to run a more efficient business that is better tailored to your core customers. We think that you probably need help with choosing an ERP platform, and that’s where an ERP Value Added Reseller (VAR) can help you.
You need a VAR who is adept at ERP lead generation. That way, you don’t have to wade through the countless ERP reviews all alone. You can use the VAR to help you make the right choice for your business.
There are stacks of questions about all your key processes in every aspect of your business that need to be answered so that you know whether the ERP platform you choose will be the right one for you.
It’s a big step, that needs a VAR who is familiar with the reputable and established options out there. Most solutions are sold using the Software-as-a-Service (SaaS) model. This is good news for small businesses because hardware costs will be minimal.
As to which SaaS to choose, we rely on IT industry reviews as a point of departure. Why don’t you discuss some of these recommendations with a reputable VAR?
Businesses that invest in an ERP platform find that they have more ready access to more information. They are also able to use that information to provide a better service to existing clients and target their advertising more accurately to potential clients.
Yes, you must do your homework so that you know exactly how your company operates, and have a precise idea of what modules of any software you will need.
Besides that, you can look forward to better business – and spend some free time enjoying other articles on our blog, handpicked for you!