In the beginning, a pure startup mode will primarily invest in resources and assets that will directly impact the productivity and build the foundation of the business. For instance, if it’s a pharma manufacturer then the business owner would invest heavily in collecting the necessary items for making drugs, equipments, machines, and the team required to make the product. Little attention is generally paid to the backend office and investing in a software that can also impact the business line in one ways or the another.
In the majority of cases, SMEs are happy with using spreadsheets and paper-based processes or file folders containing to save important information and do things manually just to save cost. But are they making a viable call by making their work paper-intensive? Certainly not, there’s more great option that a SMEs can embrace to make it to the top. Rather than relying on spreadsheets and excel sheets, small and medium enterprises can rely on a robust, scalable and affordable ERP such as SAP Business One. This will facilitate these organizations with informed decision making driven more by gut feeling rather than data and hard facts.
Moreover, once an SME moves past the crucial and initial startup phase, neglecting to invest in ERP can create a huge impact which can not be ignored. Although, many SMEs believe a combination of spreadsheets and legacy applications will work. In such a scenario, they may also like to invest in Quickbooks as a cost-effective option for their concerns. But, it is to be noted that Quickbooks like an accounting software enables a business to manage your bills, carry out payroll, and may provide support for inventory but this software has also limited capabilities when it is compared with ERP. So, growing businesses should rather be asking“ Can we afford not to bring in ERP?”
“The same software that you are using today, may not get you to the next stage of growth“
Although some of the accounting software may seem affordable and enticing to invest in, but they also come with hidden costs as well. While they also support the accounting function, what about all the other vital processes and functions that a business needs to support on a regular basis?
Adopting an ERP System
There isn’t a single way of knowing when the right time is to move to business automation solution. However, the sure signs are the time when the challenges are hindering business performance and growth. Ultimately, if a growing business is spending more time in addressing inefficiencies then it makes sense to jump to a more efficient solution.
Today, investing in enterprise resource planning (ERP) solution has become more affordable than ever before. At the same time, ease-of-use feature functionality has gradually scaled up. Partnering with SAP consultants can help you reap the maximum benefits of ERP.