4 SIGNS YOUR BUSINESS NEEDS ERP
If you don't know what to look for, the signs that your business is ready for an Enterprise Resource Planning (ERP) solution can be challenging to spot. The ERP-sized hole in your business may show itself through indirect indicators such as the number of Advils you take each week. If it is more than four, ERP is most likely needed.
In our experience as an Acumatica cloud ERP partner, an organization will demonstrate its ERP readiness through proxy issues such as inventory tracking difficulties. Or you may simply feel that your business cannot grow any further. Adding an ERP system before you reach that point will assist your company in its growth without stressing out customers and employees.
You may also be thinking, "Wait a minute, I don't need ERP. That is for large corporations that deal with industrial logistics." Not any longer. While ERP is still useful in global supply chain situations, the software now includes a number of features that assist small-to-medium-sized businesses in increasing revenue and earnings. Customers of Acumatica use the solution for accounting and finance, warehouse and inventory management, sales management, and operations management, and many other features.
Keeping this in mind, here are four markers that your company requires an ERP software.
#1 - YOU'RE STRUGGLING TO KEEP TRACK OF INVENTORY
Inventory issues are commonly among the first hints that your company requires an ERP. This is one of those core problems that creates issues all through the organization. When old, outdated, or damaged inventory remains in warehouses, it uses up valuable space that could be used for more favored in demand stock. If your company manufactures products stock levels is either too low or too high often, or if inventory management has become difficult, it's time for an ERP System.
Acumatica's cloud-based ERP can assist in inventory management and tracking via a central information hub. Real-time accurate counts are available at the tip of your fingers. Managers can make more informed raw material purchases with detailed reports.
#2 - YOU HAVE FRUSTRATED CUSTOMERS
If customer complaints have increased due to delayed orders, shipment tracking is inaccurate, or for any other reason, it's time to adopt a new ERP software. ERP's improve customer satisfaction by providing all users with a cohesive view of the customer and their orders. Improved order and delivery communication is within reach and can be provided in real time.
An ERP system can also examine and report on problems that arise between order and fulfillment. Customers will be better aided if your employees have accurate data about the company's workflows, better scheduling, and automation that reduces or eliminates human error.
#3 - YOUR MANUAL, NON-INTEGRATED SYSTEMS SLOW DOWN THINGS
Human error is reduced when systems are automated. If workflows are still performed by hand using tools such as Excel, the probability for error grows. An ERP solution can be set up to ingest order information to schedule manufacturing, generate packing slips, handle complex accounting processes for cost of materials and revenue, and much more.
Non-integrated systems also cause delays. When one system does not connect with another, it frequently causes employee frustration and can result in crucial information being lost or mishandled. An ERP integrates all business functions such as accounting, manufacturing, and regulatory requirements into a centralized system.
#4 - YOU ARE HAVING PROBLEMS ACCESSING INFORMATION
To make timely and efficient decisions, you and your team require accurate data. Employees being required to log in to multiple programs to extract data will make maintaining your business more difficult and vulnerable to errors. If the programs in question are only available in the office, the problem is exacerbated in today's hybrid workplace. With a cloud-based ERP like Acumatica, information is accessible at any time and from any browser or device. What's more, the data is centralized and clean—a single source of truth that facilitates effective decision making.
To learn more about how ERP might be a good fit for your business, contact us for a demo of Acumatica.