Amidst the infra and the servers, make sure you keep some space for ERP and BI!
Technology is disrupting the SME landscape again. From web based technologies to cloud and what not- there are enough technology options for an SME that can help them in streamlining business processes. But where should you really place your money?
While preparing your budget for the next FY, make sure you do not miss ERP and BI tools. Enterprise Resource Planning aka ERP systems and Business Intelligence (BI) tools can be very crucial when it comes to investing in technology that is reliable, scalable and justifies ROI. Here is why they should be on your IT expense priority:
ERP softwares and BI tools, not only help you plan your production more efficiently, but also give you an accurate indication of your margins and costs. Over time, all your processes become healthy, accurate and effective. You are able to track things which otherwise would get easily lost in heaps of other tasks.
Experimenting with smaller systems, can add a lot of complexity to your processes, without giving any definite results or ROI. Investing in a combo of ERP software and business intelligence gives you the agility to quickly respond to changing business needs and keep your processes efficient at the same time.
Cloud ERP
Nidhi Batra is a marketing and brand communication professional with 10 years of experience working in the dynamic B2B marketing environment. She strategizes, writes, reviews a variety of content for demand generation and sales support activities. Having a Master’s in English from Delhi University, she knows how to navigate her readers on insightful journeys with her SAP published blogs and thought leadership content.
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