Is it taking too long to close your books at the end of each accounting period? Or your sales forecasts and risk predictions are based on mere instincts than concrete figures? Is your business facing complexity in keeping up the order volumes and you’re losing valuable leads as a result? Do you have little or no idea what’s coming in stock, how much stock you are holding and which item is selling fast?
If this sounds familiar to your business, then it may be the top signs that your business needs to shed its legacy software and switch to an enterprise-ready ERP software.
Read on to discover the top five indicators that tell why it’s the time to make a move to an ERP software.
1) You have different software to process different requests
Are you using different software for closing your financial books? Or, using the other for monitoring sales and keeping a track of every sale leads or customer interaction? Do employees in your organization use HRMS software to log details and processing tax and payroll?. ERP software integrates all these systems and does this well. With one consolidated information, ERP breaks up the information silos and helps all business users to make decisions faster and accurately.
2) Gaining information in a timeframe becomes a battle
If you want to know who is my top sales employee in the current financial year? Or, want to know what is the sales today? What is my total order value? My top five items with tax? Want to know about the key performance metrics of an employee? Or just about anything like sales order or orders till date. For companies that rely on disparate systems or book accounting software have to constantly struggle with correcting data or diving deep to get the information found in the first place. For them, it could be a long wait.
The pace at which business work is faster than ever before. With an ERP solution in place, it’s easy to get a holistic view of business at any time. For example, sales representatives should be able to view any related promotions or discounts or track customer history faster.
3) Tracking inventory becomes wearisome
Often tracking inventory at the right time becomes a real challenge. With SAP Business One, every employee will have access to the same and up-to-the-minute information. This would be pretty useful to all customer reps to answer all dynamic questions of customers. This would be about the status of your order, reasons for delays if any, refund processing, and shipping status. Meanwhile, the warehouse manager can anticipate that stock is getting low and can reorder it.
4) You are using excel sheets for everything
Excel is a great tool and we all know about it. But, if you are relying on excel sheets or Google spreadsheets across your departments, it’s time to find a better way out. SAP Business One certainly provides you the best of everything when it comes to managing your sales, finance, production, customer orders, etc.
Rather than adding one more software for managing different tasks, it’s better to bring one consolidated software system in place. That’s why consulting a trusted ERP software partner comes in place. With SAP Business One Cloud, system updates and maintenance are no longer an issue, and new functions can be easily accommodated as your business scales.
For modern CFOs (Chief Financial Officers), conversations are not just about financial results. It is also about practices that...
The effects of COVID-19, the Great Resignation, the Ukraine-Russia war and the Fed rate hike are still lurking in...
B2B or B2C; Small, Medium or Large; Product-based or Service-based – Each company exists for SALES! The catch is...
Streamline your business processes and improve productivity using our cutting edge ERP solutions & service offerings custom built for small and medium enterprises.
Our e-Governance solutions enable the government to reduce operational complexities and help citizens, businesses & government bodies to leverage technology to access public services with ease.
Our products portfolio comprises of business automation software’ that helps you focus on high-value tasks and improves organizational efficiency by automating repetitive human tasks, process workflows, data capture & decision making.
Get actionable business insights with our cutting edge BI products & consulting services. Make informed decisions and improve business efficiency with real-time analytics.