ERP Systems and the benefits for Small and Medium businesses
Enterprise Resource Planning systems are a crucial tool in today’s business environment. With fast-paced development and critical opportunities available to businesses for only a short time, the ability to properly manage tools and execute strategies and plans is quickly becoming more and more pressing.
ERP systems allow businesses to concentrate more on what matters in terms of their own success. With a streamlined program to categorize and make available all of your businesses tools it is much easier and quicker to, for example; respond to client requests, draft proposals, follow up on continuing projects, track invoices, do market research, do complex financial calculations, or file human resources claims.
Modern and mainstream ERP systems are regularly updated with continuous customer support, ensuring that your business’ needs are met efficiently. ERP systems can easily replace out-of-date software, as many of them come standard with integrated tools in one easy to use program. In choosing to use an ERP system, your business does not need separate software for each function or department. In the past, businesses often needed to subscribe to several service providers for various software needs, however, ERP systems combine many aspects of business into one program with a relatively simple user interface. ERP programs can encompass a variety of industries from accounting and financial services to marketing and strategy planning. If your business has a need, you can probably find a decently priced ERP provider with specialized tools available to satisfy the needs of your business or enterprise.
Let’s discuss the features of some Enterprise Resource Planning software and the benefits ERP systems give to small and medium businesses.
As mentioned before, ERP platforms allows businesses to condense their operations, streamline, and automate their precesses to an extent. This cuts costs in terms of employees needed as well as in the time spent per task. In using an ERP system, businesses can save a substantial amount of time, and time is money.
In the past, business records needed to be stored on paper. As time has progressed, the need for paper has dwindled. Operations such as accounting are largely no longer paper-oriented. Accounting platforms such as Sage Intacct give your business’ accountants an easy-to-use platform, with plenty of features and options that can include; billing, taxes, planning, assets, and payment services just to name a few. Sage Intacct is a cloud-based platform, meaning that all of your business’ data is securely stored and encrypted, and is accessible from anywhere in the world at any time, by anyone with the proper identification. Cloud-based systems offer not only the convenience of ease of access, but also the benefit of saving on data storage, which can very quickly get costly. ERP systems give businesses real time updates and insights. Professional quality systems such as Sage Intacct can also integrate with many other programs such as a CRM program, to be as convenient as possible.
Integration and automation are buzzwords that are often times thrown around in business and tech news sources. One of the main trends in recent years has been to develop a system that does as much as possible, in as little space, and with the most user accessibility possible. This trend can be seen in almost every aspect of the tech industry from do-it-all smart phones to seamless multimedia integration in gaming consoles. The trend of do-it-all has been applied to the most common of household products such as mirrors, televisions, and refrigerators. This trend is not in any capacity limited to consumer goods, as we will see. The trend can be seen in the world of business software, quite commonly in ERP systems.
An example of the do-it-all trend in ERP systems can be found in the platform ParagonERP by Jonar. ParagonERP is a multifunctional program that seamlessly provides for the needs of many industries with tools for; Accounting and finance, shipping and logistics, purchasing, integrations, sales, manufacturing, reporting, inventory management, and product management. With its relatively low price starting at $150 per month, and full customization and scalability, ParagonERP is one of the most usable ERP systems available on the market. Like Sage Intacct, ParagonERP is also cloud based and users can enjoy all of the benefits associated with cloud-based systems, as well as an incredible install time of only 10 minutes.
Tools such as ParagonERP are multi-industry platforms, whereas tools such as Sage Intacct are built around the financial sector. ERP systems can be applied and scaled to any industry for any need. From niche enterprises to global businesses, there is an ERP system for your business. The benefits of an ERP for your small to medium business are limitless. With full customization and a virtual cornucopia of features, you can easily find the perfect tool for your business’ needs. Small companies benefit from employees who can perform multiple tasks in an acceptable time frame. A good ERP system can help to train any employee to complete almost any task very quickly. Your business’ lead times will decrease and your cost savings will increase. Your small to medium business will thrive with an appropriate ERP system.
Researching which ERP to use can be time consuming, and it is difficult to say whether the tool you ultimately choose will be the perfect fit or just adequate. To ensure the continued success of your small business, it is sometimes best to seek professional guidance. Companies such as Deskree Studio, based in Toronto, can take the hassle out of finding and integrating the perfect ERP. Whether you need a financial tool, a project management tool, or an ERP for any other application, Deskree Studio is ready to help!