A recent report by a leading research consulting firm showed that companies that use ERP software to handle their business activities and operations have experienced up to 90 percent growth in terms of productivity and overall performance output. Choosing the right technology can take your business to the next level. This especially holds true for small-to-medium-sized businesses (SMBs) that are in need of guidance and ideas to implement technology in their business without letting the budgets bloat up. In this blog, we strive to give you valuable tips and inputs that highlight what should SMB’s consider while choosing an Enterprise Resource Planning (ERP) software. The biggest USP of ERPs is that they enable companies – of all shapes and sizes – to take control of their company’s processes in a centralized manner. Whether it is related to accounting, inventory, or even HR management, well-designed ERP software can help you cover all bases in a fool-proof manner.
What are Your Requirements?
First things first, you need to start by identifying what your ERP requirements are. There are a plethora of ERP options available and each caters to a different audience and different needs. For SMBs it is important that they assess and recognize what are the processes, inconsistencies, shortfalls, and challenges that need to be addressed. The end-game of every ERP software is the same: to mitigate money wastage, improve productivity and performance. Depending on what your business model is, you need to do market research, compare and contrast the ERP offerings on the market with your business needs, and then take the final call.
Comparative Analysis
As stated before, there are a lot of ERP consumables on the market shelves nowadays. The task for you as an SMB owner is to compare and contrast the available options and determine which kind of ERP software fits your business model the best. For the comparative analysis, you should look at the functionalities and features, the different kinds of technologies that are installed in the ERP software. Because the number of options to choose from is enormous, it is recommended that you look at the larger picture. Are you looking for ERP software that has turnkey technologies? Are you seeking a software that allows customization, do you want to install an ERP solution that offers both – standard features and customization options.
Remember, the choice you make also depends on what is the current state-of-affairs of your business. Are you new in the market? Are you looking to grow and expand? Is your business poised to go in a new direction? Answers to these questions will influence your choice of ERP software in the long run.
Role of an Integration Manager
Before the brainstorming and decision-making sessions begin, SMBs must get an integration manager on board. The reason being, he/she is the right person who will advise you as to what ERP solution is best for your organization. An integration manager has all the knowledge and insights about ERP systems, and therefore they will work with your vendor and oversee all the technical tasks, and also lead training sessions for the internal staff.
Thus, as a small-medium business it is important for you to streamline your processes and choose an industry relevant ERP. Rockford Computers can cater to your requirement by offering you an ERP solution that will fulfill all your requirements.
