ERP system: 10+1 reasons to integrate it into your business

If you haven’t yet integrated an ERP system into your business and are wondering if it’s a worthwhile investment, or if you think ERP systems are only for big businesses, then it’s time to think again!

ERP systems aren’t just for big businesses and multinationals and can actually help even small businesses automate and improve certain functions, such as inventory management, sales and many more!

But if you need more reasons to integrate an ERP system into your business, then below you will find 10 and 1 reasons to do so!

Reasons why you need an ERP system in your business

1: You have a central data management

The ability to have all your data and manage it from a single platform is one of the key advantages of ERP systems. An ERP system brings all your business data together on one, consistent platform, instead of being in different databases and spreadsheets, with the risk of errors by the workforce.

By managing data on a single platform, your business can significantly reduce the risks of overstocks or shortages, both of which can be costly and disruptive. But when you have all your data on one platform, you have all the information you need to make more informed decisions that help your business save as much time and money as possible.

2: Get real-time reporting

One of the biggest and most immediate benefits of adopting an ERP system in your business is real-time monitoring and reporting. Whatever you want to measure or whatever KPIs are most important to your company, such as financials, inventory, orders, supplies, sales and marketing, human resources and more, an ERP system can calculate it.

When revenue totals are updated in real time, as each sale is made, you can use them to make better decisions immediately. Given today’s competitive business environment, this benefit can be very useful for your business.

3: Costs are reduced

And who doesn’t want to have reduced costs in their business? An ERP system can help you achieve this in various ways. ERP systems bring automations that can reduce costs from manual tasks. An ERP system also prevents mistakes such as rush orders, overproduction or overordering, which can increase costs.

Another very important benefit that you can have as an entrepreneur from using an ERP system is of course the ability to monitor the pulse of the business in one place which means that you can quickly identify the source of higher expenses and reduce costs more immediately and effectively.

4: There is visibility from everyone

When all members of your business have visibility and access to the various aspects of the business, then decision-making becomes better and faster, as they have the broader framework to guide them. To make this situation clearer, let’s give an example. When the sales team has direct access to real-time inventory, they can accurately inform customers about product availability. For example, if a customer requests a large order, the sales team can immediately see if the inventory is sufficient or if coordination with the warehouse and procurement department for a new receipt is needed. This avoids delays, cancellations, and unhappy customers, while optimizing inventory management. In this way, all teams can coordinate their work more effectively.

5: Productivity increases

As we saw in the example above, an ERP system simplifies the work of employees, resulting in increased productivity. Since many basic tasks are automated, employees have more time to focus on tasks that will bring more money to the business.

6: Customer service is optimized

Happy customers are a huge part of what can determine the future of your business. An ERP system helps your company improve customer service because it places all customer information, from contact information to order history and support cases, in one place. This facilitates faster solutions and a more personalized experience when customers need help.

The greater control that an ERP system offers you also ensures that no mistakes will be made with your customers’ orders.

7: Businesses are becoming more competitive

ERP systems allow smaller businesses to operate with the efficiency of larger competitors. Cloud-based solutions, in particular, offer access to enterprise-grade tools and technologies without the need for large infrastructure investments, making them affordable and flexible for small and medium-sized businesses.

8: Companies have accurate predictions for the future

It is important for every business to be prepared for the future. ERP systems rely on accurate and comprehensive information, since all this data is now in one place and through a wide range of historical data and sometimes other inputs it can predict future demand, revenue, expenses and other numbers. More accurate predictions mean that you can make appropriate preparations for what is likely to happen!

9: Workflows are better organized

Your business may operate in a certain way and with certain steps, because that is what you have been used to for years. However, there may be a more efficient way to do things and an ERP system can help you by cutting steps and making other improvements to make things faster and easier.

10: ERP systems are flexible

ERP platforms are designed to work for any business, no matter how small or large. This means that your small business can install an ERP system in its operation, which of course is flexible and can respond to any requirement or measurement.

Even better is that if your business evolves and grows in the future, workflows change, the existing ERP system can remain!

+1: You have support from your partners

When you install an ERP system in your business, you automatically have a team of experts with the assurance of long-term cooperation and support, where they will guide you in the installation, operation and maintenance of the system. This help is invaluable to ensure that your business operates properly and you will be able to enjoy all the benefits that an ERP system provides you.

Adopting an ERP system in your business is not a luxury, but a strategic investment, which can determine the future of your business, no matter how small or large it is.

Now you can upgrade the operation of your business, enhance productivity and ensure your competitiveness, by investing in an ERP system. So if you are still thinking about it, it’s time to make a decision!