Enterprise resource planning (ERP) systems are used by organizations looking to manage their business functions within a centralized and integrated system. The best ERP solution must have various features such as CRM, e-commerce, billing, accounting, manufacturing, warehouse, project management, and inventory management, HR & Payroll, etc.
When a business start out using a simple and cost-free tools such as Excel or small software to manage different processes , it will not be enough to handle various operations and obviously the business will not grow even in a least level.
1.You will need to spend much time on your daily activities.
If it comes much headaches for you to manage key activities such as accounting or sales processes, by taking much time to fulfill the needs and creating complexities in your business, then it is critical in your business. If to get a picture of what you have done or what you have not, you will be required to depend on your staff or various applications, then you do not have any control on your business. ERP integrate solutions and data into one system with a common platform which creates easiness for business units to communicate and complete their jobs on time.
2.When your questions will be unanswered
Are you in a situation that your questions about your business are unanswered? You do not know about revenue per product or do not know what are the products which brings profit for you ? You do not know how much was the production cost of last month or do not know how much you lost due to damage of the products?
If so, it is sure that lack of access to the data which helps to find the answers of your questions will be holding you back.
Enterprise resource planning software is designed to address these challenges.
3. You do not have control on processes.
Do you have any areas of your business , where the processes are getting away from you ?
You do not have any control on inventory , customer satisfaction or logistics ? You do not have control on receivables from your customers and you face serious cash flow in your business ?
If so, your entire business processes should be restructured to accommodate growth or setting priorities on various actions.
An ERP is the only solution for you
4. Some of your processes are handled manually with multiple data.
Some companies will have a scenario that they will manage their sales processes with an invoicing software. But will not have a good system for managing leads or opportunities. And for accounts, they will be using another application or Excel which will be burden to consolidate data.
So there will be chances of spending valuable time on solving duplication in data entries. Result ? No Reports on time, errors happening always and not able to make timely decisions.
Do not wait for falling your business on your life ! Let an ERP work for you to make everything accurate
5.No idea about the opportunities..
If you are spending so much time running your business which do not bring new exiting opportunities, how will you find growth in your business ?
With the predictive analytics and business intelligence, an ERP system will advance you to a position where which you find exiting business opportunities and profitable business areas.