Once upon a time, enterprise resource planning (ERP) solutions were the preserve of large organisations.
These ERPs offered few benefits for a small business. They were all-encompassing, expensive and inflexible. As a result, they were only relevant to quite specific ways of working, usually associated with large scale manufacturing.
In recent years, software companies have invested heavily in developing ERPs for small businesses as well. These new solutions are agile, cost-effective and scalable. They also come with the proven ability to streamline operations and enhance the productivity of organisations of all sizes.
If you’re interested in the possibilities that such software could bring, here are some of the possible benefits of ERP for small business.
Better decision making
ERP systems provide real-time data for all areas of a business. This means that managers and owners are empowered with all the information needed to be able to make critical decisions faster.
Business intelligence from your ERP can also help quickly identify changing trends and business environments, allowing your organisation to remain agile.
More time-efficient management
A business that fully utilises an ERP system will commit all its data to this central location, eliminating the need for separate software solutions for each department.
Not only is this often more cost-efficient (compared to running separate software for accounts, marketing, sales etc.), the ability to access information from one location can significantly reduce time spent exporting and correlating data from separate platforms.
Reports that might otherwise take hours to formulate can be created in seconds. And with easy-to-use visualisation solutions (such as Power BI), data is easier to interpret.