When your business does needs an ERP system? Is implementing ERP into your business a good idea? These are the questions that we will address here and we will try that you have an answer to these questions when you complete reading of this article
Lookout for this signs to understand if your business needs an ERP system:-
1. Information about your business is difficult to access for any reason
While information can be gathered by using spreadsheets and keying in data, ERP software will automatically generate data like sales margins or a particular customer’s order and payment history. If the appropriate information is always entered into the software, it will quickly produce important information as often as you like.
2. Lack of collaboration between departments
Departments need to share information if your company is to perform at its best. But data is often in silos and owned by different teams. This means you either need to run reports to share information or people simply don’t have the information they need to make informed decisions. An ERP system lets everyone access the data they need, while keeping confidential information safe with tiered permissions.
3. Accounting is growing increasingly difficult
ERP software ensures that accounting staff will not waste their time putting the same information into multiple databases. After an ERP solution is implemented, financial reports will be more accurate and infinitely easier to generate.
4. Trouble in meeting schedules
Do you know when work is in the pipeline? Does your sales team overpromise for delivery? With multiple systems, it’s hard for different teams to get the information they need about the production schedule, leading to delays and lost business.
5. Your IT is too complex.
If you have a whole team of IT personnel who can’t keep up with the multiple systems performing all different business functions, an ERP Solution will lessen the load on them as well as eliminate the need for constant software updates and security threats.
6. Lack of access when working remotely
If your software only works on the desktop, it’s likely to be holding your business back. Switching to business management software could give you an advantage over your competitors and help you to become a leader too.
7. You don’t have full visibility into your inventory
Without access to current, real-time information, businesses don’t really have the ability to accurately know what’s happening in their inventory on a daily basis. Where is waste occurring? Are those products expired? Do we need to order more of a certain product in anticipation of an upcoming holiday or event? An inventory management system can give businesses effective control of supply and demand, the ability to forecast, and accurately cost a product, among others.
8. Customer Experience is suffering
If a customer calls to check on their order and your employees can’t definitively tell them whether it is out of stock, on its way, or still being processed, or need to find a coworker who knows more about the order, then it may be time for an ERP system. By implementing an ERP solution, all employees will have access to the same accurate, real time information and be able to pull up everything having to do with a customer with just a few clicks.