Enterprise resource planning software is key to integrating all of your internal systems. It can help you run your business more efficiently.
Traditionally, ERP software was reserved for big companies they had a lot of capital to spend. In recent years, ERP software has proven useful for even small and medium-sized businesses.
In fact, the ERP market is forecast to grow around 86 billion dollars by 2020. With the market expanding so quickly, one of the biggest questions is how to figure out the top ERP software for your company.
Luckily there are a few things that you can do to make sure you get the right ERP for your company.
1. Look For Customizable Workflows
One of the perks of top ERP software is being able to streamline your process. You want to make sure that the software that you’re looking in to is customizable in the way that you need it to be.
Make sure the system has an easy-to-use editor that will allow you to adjust your workflows to match the way your company deals with shipping, maintenance, and ordering.
2. Make Sure it’s Scalable
You want your business to keep growing. Part of the reason most people want to get an ERP is to be able to do more with their resources.
Getting ERP software that will scale up with your business is essential, you don’t want to have to look for another ERP in 6 months because you’ve outgrown yours.
3. Human Resource Products
There are quite a few ERP systems that can provide you with HR products such as time clocks, benefits management, and payroll.
This might be more important if you are a smaller company that doesn’t already outsource this, or if you are looking to bring HR more in house.
It’s no secret that your employees are close to if not the most expensive part of running your business. That’s why it’s so important to make sure that they are taken care of and HR is handled properly.
4. Cash Flow Management
A study done by U.S Bank showed that almost 82% of small-medium businesses fail because of poor cash flow management.
Top ERP software will be able to track your account maintenance, budget, general ledger, and monitor foreign currencies.
Remember ERP is meant to make your life easier, so let it track your company’s financial health
How much does NetSuite cost? A lot less than mismanaging your assets would.
Find the Top ERP Software
The top ERP software isn’t just for the big dog anymore; it’s becoming more and more useful to small and medium-sized companies.
There are so many benefits to finds an ERP system that best works for and with your company.
A good ERP can help you with your inventory, managing your finances and your employees – all while being able to grow with your company.
If you’ve had an ERP, you know how helpful it can be, and if you haven’t, then prepare to be blown away.