If you’ve started your own company then you probably had one main thing you wanted to do, work for yourself. If you’re looking into ERP for small business, then you probably did just that and are your own boss.
Being the boss comes with a lot of benefits, but it also involves a lot of challenges. You become a jack of all trades and are responsible for just about everything, from managing operations to payroll, accounting, employees and even sales and marketing. A newly growing organisation can be very exciting but it’s also challenging and one of the main challenges that many organisations face is with their technology. Two of the main problems that organisations face is that their technology can not support their business and that software is not properly connected. This is where ERP for small business, or enterprise resource planning software comes in.
A lot of organisations will choose to implement ERP for small business because it can help to reduce frustration and improve efficiency in the organisation, it can also help organisations to meet KPI’s, improve growth and save costs.
What is ERP for small business?
ERP for small business, or enterprise resource planning software is basically a technology that allows companies to have one system in place to manage their business functions. Whilst it sounds really straightforward it often isn’t, but properly implemented ERP for small business can be hugely beneficial.
ERP for small business basically includes a number of modules on a single database that are a single source for enterprise information. This means that everything from accounting information, human resources, project management and supply chain management information are all kept in one place. Enterprise resource management software can help smaller organisations manage their manual processes more efficiently and can help them to get much more insight over their data. It is majorly beneficial for making reporting and analytics much easier. The software can make gaining organisation insights much easier and makes automation simple. There are a lot of different options out there, however, so here are a few things that business owners should consider:
How to compare
Enterprise resource management software can benefit all kinds of organisations but there is no single solution for every type of organisation. Some software is better for new companies or start-ups, whilst other software is aimed at big enterprises. Smaller organisation may want to consider cloud-based software that is designed for a smaller number of users but allows some room to grow. Slightly larger organisations may want to look into full-service solutions that give business owners plenty of room for growth and development.
How much will it cost?
The cost of most software will depend on the size of the organisation. Pricing is often arranged around a few important factors like how many users there are, what the software needs to do, who is hosting the software and any integrations required. Because smaller organisations don’t require as much functionality their software is often less expensive, although it can be a significant investment. It’s worth noting that many organisations see a huge return on investment very quickly once they have implemented the software and it quickly pays for itself. Business owners should way the costs of implementing the software next to the potential benefits and gains in efficiency and revenue.
So there you have it, the basics of enterprise resource planning software. It’s becoming more and more integral to the running of modern-day businesses as time passes, and with so many technology solutions now needed, it’s a good idea to implement it.