3+1 ERP benefits for SMBs!

Most probably, you have heard on more than one occasions that ERP solutions are addressed exclusively to large-scale businesses and organizations. But really, who needs an IT system that can significantly improve organization processes and the entire operation of a business by enabling it to take full advantage of the existing dynamics and available resources, benefit from reduced costs and enhance productivity? Most certainly, a small-medium business (SMB)!

Actually, ERP systems are considered to be especially useful to those SMBs that need to streamline their operations and improve their resources allocation. According to the results of a study conducted by Mint Justras, titled 2015 Enterprise Solution Study (pdf), the owners of small and medium businesses using ERP solutions consider the added intelligence these solutions provide as the most prominent advantage they have to offer, as it helps them determine which processes are effective and therefore better manage their business operations. It also enables them to understand their own business better and provides them with the opportunity to make better-informed decisions and allocate their resources more effectively.

Process automation

An ERP system integrates and automates the archiving and presentation processes for a series of business operations, including production planning, stock monitoring, marketing, sales, payments etc. By using an ERP solution, SMBs can manage all their activities through one and only IT system.

Productivity boost

One of the major concerns for every business is the productivity of its employees. This is especially true when it comes to businesses with limited resources and size. The ERP system allows such businesses to automate a number of activities, such as manual data input, reduce the time required for data management and eliminate any redundant actions and operations. According to a recent study by the Kellogg School of Management, in Northwestern University (pdf), the positive impact on productivity alone is enough to fully justify the cost of installing an ERP system!

Reducing operating expenses

Have you been searching for a way to drastically reduce your operating expenses, but could not find any? Be sure that an ERP system will show you the way! The productivity improvement achieved thanks to the automation of secondary tasks and the enhancement of operational intelligence, will give a SMB the opportunity to re-distribute money to tasks and activities that will surely lead you to growth.

Advanced business intelligence

It is absolutely certain that an ERP system provides SMBs with more reliable facts and data, that can be processed directly, thus ensure an improved decision-making process. In this context, a business can analyze valuable data in order to determine the prevailing trends and customer habits and then utilize this knowledge to create growth policies and strategies.

In a few words, ERP systems can decisively help SMBs improve their business intelligence, their overall operation and the efficiency of their employees, and at the same time reduce their expenses. Everything comes together and helps you create a better image for your company, both in your industry and towards your customers!