Small to medium-sized enterprise business is started to fulfill the local requirements.Most of the small- and medium-size businesses aren’t sure what they need or even where to start looking when it comes to growth of the business. Most of them don’t know what is ERP why it is used for. No matter what size of manufacturer or distributor you are, It is necessary to maintain proper data to grow your business. As small business owner wants to grow your business in a structured way effective management of data, then it is very important to install ERP software for your business.
Installing the ERP system for your business streamline your business process from accounting and financials, purchasing, inventory, sales and customer relationships, and project management, to operations and human resources.
Before looking at what are the advantages of ERP lets have a look into what is ERP is??
ERP – enterprise resource planning software which is used to manage the core business process of different industries which includes managing sales, purchasing, accounting, Human Resource, customer support, CRM and inventory. Before it was only used by the big organization, but it is most commonly used by the small to the medium-sized organization or enterprises to steam line their business process and to manage data from one organized system. Benefits of ERP software made SMEs grow faster by concentrating on more sales and IT sectors rather than data management.
Advantages of ERP software
1. Increases the productivity
As ERP system maintains the master data of all the departments which segregate the data for vendors, customers, products/materials, routines and manufacturing work processes, bill of material (BOM). This data reduces the work involved by each department to submit the data and reduces the risk of referring excel sheets for each department. Which reduces the time involved in the process and increases productivity.
2. Structured reporting
Using ERP software to manage the complete data of the manufacturing process, all data will be available on a single platform and you can get the complete data chart in a single shot. This system generates all useful data reports and analytics at any time. Reduces the risk of checking each department data in different files to generate the complete report.
3. Secured and quality data
Cloud-based ERP system provides a high level of security to the company’s data. Not only security it maintains the accuracy and consistency of the data by providing a single input system for the process thereby maintaining the quality of the data.
4. Reduces the cost of data management
Installing ERP system for your manufacturing industry reduces IT cost by managing all departments data in a single platform. Reduces spending resources on multiple systems that all need dedicated staff, infrastructure, support teams, and licenses. Using of ERP system also reduces the training requirement of the end users they only need to learn on how to interact with the system rather than interacting with several individual application.
All the enterprise resource planning system offers several different types of applications that can be implemented based on the business requirement. These types of software made your process flow easily; you can choose which best suits for your business by leaving the rest which you don’t need.
6. Improved efficiency and visibility
By reducing the time taken for data management ERP system increases the efficiency of the employees with single data management platforms. Through the ERP system visibility of the data, increases allow inter-departmental processes to be easily tracked with maximum efficiency. It is also easy for the higher management to access the data of each department on a daily basis, weekly basis, and monthly basis.
Things you need to consider before installing ERP system for your business!!
Tip#1 – Be ready with your complete business process flow and plan your business strategy before installing or purchasing ERP software for your business. Examine your business completely know how actually things get done in your business.
Tip #2 – Talk to your team or staff who are responsible for handling the software. Check their ability to learn new things faster. Because effective handling of the software increases the efficiency and accuracy in data management and increases the productivity.
Tip #3 – Check with friends or business partners who are already using this software for their business get the clarification on how that will help your business run faster.
Tip #4 – Choose best SAP ERP software service provider to install the software and to maintain. Check whether they will provide training to your staff or not.
Tip #5 – Cross verify which are the modules required for your business based on your process flow chart. Which will become easy to install only required things?
Tip#6 – Be sure to budget the ERP cost, along with the implementation, integration, and onboarding.
Get ERP software in a customized way for your business by analysing your business process. We at SkySurge being one of the top SAP Business One solution providers in Bangalore offer SAP’s cloud based ERP solutions according to your industry process and specifications.