Boosting sales, managing supplies, maintaining accounts, and servicing customers all at the same time is challenging for any business owner. But what if you could manage everything from a single dashboard?
That’s where ERP software comes in – offering a centralised dashboard to efficiently maintain all your operations.
We’ll break down in this blog:
✔ What is ERP software
✔ How it can help you to scale your business?
✔ What are the signs that your company require an ERP system?
✔ How to Pick the right one?
What does ERP stand for?
Enterprise Resource Planning (ERP) software is a powerful tool that centralises all the key function your business needs to do in one place. ERP does everything in one place, so accounting, inventory, HR, and sales don’t have to run on separate systems(dashboards).
It’s like the “brain” of your business; it manages everything and makes sure everything works well with each other.
Key Features of ERP Software
- Finance & Accounting – Keep track of payroll, spending and bills.
- Inventory Management – Keep track of what you have in stock and what you need to buy.
- Sales & CRM – Take care of your relationship with customers and your sales pipelines.
- Human Resources – Take care of employee information, performance and attendance.
- Reporting & Analytics – Provides real time insights into how your business is performing?
How ERP systems help to scale your business efficiently and effortlessly?
1. Saves time and cuts down on human-errors
There will be no more typing data into a lot of different apps by hand. People don’t make as many mistakes when they use ERP, and it saves them hours of work.
2. Helps you make better decisions
You can make better decisions when you have real-time information. Do you want to know how things are going? How much stock do you have? How is your cash? ERP provides you answers to all these questions.
3. Makes customer service better
If you have a good ERP system, it will have CRM tools that let you keep track of customer conversations, orders, and support tickets. This makes your customer feel special and happy.
4. Grows with your company
It will keep getting better as your business does. If your business grows, ERP systems can keep up with it and not slow down.
How to Tell If Your Company Needs ERP Software?
When should you move to ERP? Keep an eye out for these warning signs:
✅ You have too many tools that aren’t working together. It’s time for your team to use fewer apps, like Excel, accounting software, and apps for keeping track of goods.
✅ Mistakes in the data costs money – If you write data by hand, you could make mistakes that cost you money and make customers lose trust in you.
✅ You can’t keep accurate records of your inventory – Do you need more stock or are you running out? ERP keeps track of stock.
✅ Reporting takes a long time – If getting data seems like a lot of work, ERP’s automated dashboards will make things easier.
✅ Your company is growing, but your systems aren’t keeping up. Do you want to make more sales? Adding more employees? ERP makes sure that everything works well.
If your business faces any of these signs, it’s time that your business requires a good ERP software. Contact us for free consultation.
How to Pick the Best ERP Software?
1. Figure out what you need.
Need to get a better handle on your stock? Better reporting of money matters? Make a list of the things you must have.
2. ERP in the cloud vs. on-premise
- Cloud ERP, lets you access your data from anywhere and costs less up front.
- On-Premise ERP gives you more power but requires constant IT support.
3. Look for solutions that are made for your industry
Some ERPs are only good at one thing, like retail, industry or healthcare. Pick one that fits your market.
4. Think about your budget and return on investment (ROI)
ERP isn’t cheap, but it’s worth it because it saves time, makes work more efficient, and cuts down on mistakes.
Check out the features of our AI-Powered ERP software, pre-approved solution by IMDA.
Last Thoughts: Should You Use ERP?
ERP software could make a huge difference for your company if it’s having trouble with getting things organized, losing time, or swelling.
It helps small and medium-sized businesses as well as big ones!
Got questions? Drop them in the comments or reach out to our experts today!