From getting the right people to selecting the right software tool, you do what not to ensure that your business runs and grows well. How about trying a pinch of ERP to create that perfect business management recipe?

ERP? Eh?

While some of you might perceive Enterprise Resource Planning (ERP) systems to be overtly expensive and complex, that’s not the case exactly.

Each business has its own challenges and risk areas. While one is focused on growing the business and generating more revenue, it is equally important to foresee and understand the risks to avoid unnecessary leakages. This would again require you to do detailed analysis and monitor each process and function with great detail frequently. Now this is where an ERP software would fit in.  Think of it as a centralized control system that tracks each and every process, gives you real time updates and also provides you actionable insights.  It saves you a mammoth time and cost of manually tracking all your systems!

SO, how does ERP improve my business management?

Automation and accuracy are the buzz words here. An ERP software gives you a greater insight and visibility into your day to day operations across departments and locations. This helps in improving efficiency and enables quick decision making. Moreover, an ERP software eliminates duplicity and errors in the business processes. Some of the key features that help improving business management include:

• Seamless integration across the departments
• On the go access through mobile and real time alerts
• Collaboration of multiple locations, units, departments
• Robust security and accuracy

Ok, So Which ERP Software is best for me?

Choosing a suitable ERP software could be tricky. It should meet all your requirements and budget. Also, it is important to ensure that you get complete after sales support and training from your ERP software vendor. Here are some points to keep in mind while selecting an ERP:

• Have a clear list of functions/ facilities you need in your ERP system (Finance, production, sales, what else?)
• Do a process analysis and identify your key problem areas and what you need to focus on the most.
• Consider ERP software that are available one cloud and mobile and is a technical fit in your current ecosystem.
• It is advisable to take references for all systems and vendors that you have in mind.