In our previous article we covered what an ERP system is as well as learning more about the history of the Enterprise Resource Planning software category. Traditionally most people have the assumption that ERP systems are only useful for large businesses. This couldn’t be further from the truth. Many small enterprises can take advantage of the benefits from using an ERP to run their business.
The benefits you can gain from using ERP in your small business
So to help you understand the benefits for small businesses here is our list of 6 benefits of using small business ERP software.
1. Simpler than running many disparate IT systems
Many small businesses are using a number of different IT systems to manage different aspects of their business. This increases the complexity for anyone working in the business as it requires you to know how to use many different user interfaces. An ERP is designed to run across your entire business simplifying the bulk of your IT to a single application.
2. Decision Making
Making business decisions as a small business owner can be stressful. What makes is even harder is if you don’t have access to the right information about your business to allow you to make those decisions. A well implemented ERP gives you access to the information about your business across all business processes. Typically the data you need to help make a decision is one or two systems reports away.
An ERP allows you to better plan your business and track work as it flows through your business processes. A major benefit of this is the ability to increase the productivity of your existing staff. You will also be able to quickly identify where bottle necks in the process are and fix these problem areas thus increasing your productivity.
4. Business Process Automation
Every business can benefit from some level of automation in their business processes. Think of the administration tasks that you always do manually such as converting time sheets to invoices or copying invoices from your sales system to your accounting system. How much easier would it be if these steps were automatically handled by your IT systems?
All areas in your business have access to the information they need. This becomes increasingly important as your business grows and separate departments form. As the workload in each department increases there is less time for talk between each other. An ERP allows anyone to see where
6. Enable Rapid Growth
Once your business and it’s processes have been mapped to an ERP your business is better equipped for handling rapid growth. When using manual undocumented processes growth of your business often becomes restricted to how quickly new staff can learn the processes. Imagine how easy it would be to grow a business that has all of it’s core business processes mapped into their IT systems.
Using a well implemented ERP can come with many other benefits to your business that far exceed just the 6 we have mentioned here.
If you want to find out more about how an ERP could benefit your business then your can get help here. Sign up for a free account here at ITgeniq. Tell us about your business by filling in an IT Review request and we will be glad to give you advice that is specific to you and your business.