However, there are still plenty of businesses that have yet to make the move. Primarily because they think it is expensive, that it is not designed for smaller businesses, or not sure what to expect when implementing one. The truth is, with an ERP system specifically designed for small and midsized businesses you can cut costs, improve collaboration by unifying the different departments, and increase efficiency and productivity.
Here are 5 reasons why it is important.
All In One – Seamlessly integrated
One of the biggest advantages of ERP is the possibility for all departments and functions across a business to work in one seamlessly integrated system. Collaboration becomes a lot easier and it will help your business make smarter decisions, serve your customers better, and work more efficiently overall, by streamlining your business processes.
Automation – Reduce manual work
With automation, many of your business processes, errors and costs are greatly reduced. For example, the accounting field involves a lot of number-crunching, a manual task that now easily can be automated with the use of artificial intelligence (AI). By automating tedious tasks, you unlock time for more valuable, creative work.
Scalability and flexibility – Room for growth
If you have big ambitions to grow your business, you should consider an ERP system that can handle everything from simple to more advanced tasks. ERP is not only valuable for the present, it is an important investment for the future. As your business grows, so does the complexity and the need for more advanced functionality.
Customization – Tailor it to suit your needs
All businesses are unique, which is why customization is another important reason for converting to an ERP system. A top modern ERP system provides you with a wide range of customization, including tailored user interface, workflows, approval processes, and more.
Most ERP systems have a modular approach, meaning you can customize it to meet your specific needs and not having to pay for unneeded extras. The system can also adapt to the ever-changing needs of a growing business, ensuring you won’t have to buy a new solution once your needs change, or your business grows.
Cloud-based/SaaS – Ready for the future
Implementing an ERP system is an investment for the future. Will you decide to go for on-premise or cloud ERP, and how do they differ from one another?
An on-premise software is installed locally on the company’s own hardware. There is usually a significant fee upfront and there will be ongoing costs of maintaining your server room and IT department. An on-premise ERP system is also known for being less scalable, flexible and efficient compared to a cloud-based ERP system.
A cloud-based ERP system is hosted on the vendors cloud computing platform. The software is more agile, faster, make better use of your data, but also enhances data security. It is more cost-effective, easier to implement and requires less maintenance compared to an on-premise software. In addition, customization and upgrades to your product will be done by the provider, meaning you will always have access to the latest and most advanced version of the ERP system. By choosing a cloud-based ERP system, you will strengthen the backbone of your business for many years to come.
Stian Rustad founded 24SevenOffice back in 1997, which is the world’s first cloud-based ERP system. Besides being the Founder and CEO of 24SevenOffice, Stian is an experienced serial entrepreneur and angel investor with several successful startups and investments since 1997.
Visit https://24sevenofficeus.com/ for more information about 24SevenOffice.Last modified on Friday, 28 June 2019