Do you think your organization is too small for ERP? Think again

Mismanagement of corporate data is a large financial drain. Many SMEs rely on static reporting systems or; worse yet, manual data manipulation, to determine corporate standing. These devices provide a picture but the image can be blurred by outdated information

Implementing an ERP system within an organization changes the working ways of the people. The following points can be good reason for implementing an ERP system.

ERP Helps Process Automation

ERP systems allow companies to achieve actual business process automation, managing important tasks on a daily basis across an organization and freeing up staff to focus their efforts on more critical initiatives which require personal attention. This not only boosts the productivity, but also dramatically reduces operating and overhead costs. Without an ERP system, you can’t have cross departmental collaboration and prudent workflow execution.

Less Errors, More Efficiency

Another reason to deploy an ERP system is to achieve operational efficiency. Error-prone, awkward, manual processes, etc. can drain company’s money and time. And therefore, companies must automate critical activities and augment the business process efficiency. No matter how big or small the business is, or what type of business it is; requiring different teams and departments to operate as a single unit can be quite challenging.

Better Communication, Higher Productivity

ERP will improve the internal interaction and interaction between customers and suppliers. If suppliers can coordinate easily with finance & purchase team then there is a by less lag time; hence productivity is sure to increase. Thus, the availability of real-time communication for different groups within an organization allows rapid responses and managed coordination.

Better Information Management

Many organizations still have inconsistent information across the business. For instance, if accounts department and call center access two different databases that are not integrated, customers with a billing question is not likely to get a precise answer if they approach the call center for help. Such problems may look small on the surface but can add up over time, resulting in bigger customer satisfaction issues and thus affect retention which can adversely affect revenues and market share.

An ERP system automatically processes transactions and generates audit and financial reports. By implementing ERP, it enables the accounting process more accurate, faster and smoother than before.

Better Performance Measurement

Above all, an ERP system makes it easier for company staff at all levels, from front end employees and team supervisors to senior executives and managers – to measure company’s performance and understand the impacts within the company. ERP system also empowers organizations to be more receptive to shifts, rapidly changing tactics to address new customer requirements as they emerge.