In years past, enterprise resource planning (ERP) systems were common only among large, multinational corporations due to high costs associated with their implementation, deployment, and support. However, the rapid advancement of cloud technologies and the proliferation of software as a service (SaaS) have opened the door for organizations of all shapes and sizes to reap the benefits of adopting an ERP system. The software your business relies on should be helping you maximize your potential, not stunting your growth. Regardless of your size or position in the market, an ERP system provides many advantages to increase efficiency and allow you to remain competitive in the market. Taking advantage of cloud technology is a game-changer, especially for SMBs (small to medium-sized businesses).Let’s take a look at some of the benefits of taking your SMB to the next level with ERP.
Complete Visibility and Accurate Forecasting
Disparate, poorly integrated business software systems can lead to messy and disjointed data. A modern ERP solution provides a holistic view of the health and performance of the business without comprising any of the details. Dashboards and advanced reporting features generate real-time insight while forecasting algorithms analyze historical data and give executive leaders the information they need to make better business decisions for the future.
Improved Process Efficiency
An ERP system reduces the need for manual input and eliminates repetitive tasks which increases productivity and limits the risk of inaccuracies in your data. A successfully implemented ERP system not only tightens your procedures, but helps you document, streamline, and improve your critical processes based on industry best practices.
Strengthened Data Security
An ERP solution acts as a central hub for all of the data flowing throughout your organization housing all of the important information needed to maintain daily operations. With this comes major concern regarding “who” has access to “what.” Luckily, modern ERP systems contain intrinsic controls to ensure the security of your data through the use of advanced user-permission settings. This granular level of control means users will only be able to access the information they need from the system.
A major advantage of implementing a cloud-based ERP is the anytime, anywhere access it provides. Users can access the system using a multitude of devices including laptops, tablets, and cell phones which is beneficial for employees who travel frequently, work primarily in the field, or need the flexibility of both office and remote environments.
Future Proofing and Scalability
If you’re not planning for the future, you’re already behind. When it comes to the software that manages your critical business processes, it’s important to have a system in place that can accommodate your growth rather than limit it. Modern ERPs are robust, flexible, and configurable meaning they can conform to your changing requirements as you grow whether that means adding new users or additional entities, keeping you compliant with evolving regulations, or adapting to a complete organizational restructure.
ERP software is a powerful tool that can streamline processes, improve visibility, reduce costs, increase productivity, and revolutionize the way that your company does business. Whether you are large or small, it’s work seeking out an ERP system that will give your business the most potential to improve.
About Oasis Solutions
With more than 350 years of combined industry experience, Oasis Solutions is your local Sage, NetSuite, and Workday Adaptive Planning partner that offers expertise in accounting, human resource management, and custom software development. We have your long-term plan and business strategy in mind from the get-go.
We don’t just sell software. We are passionate about understanding your company’s processes and committed to your success and reputation long after the go-live date. Providing you with skilled consultants and developers for support, the ability to ask for help, discuss best practices, buying options, pricing, products, and more.
As industry experts, we possess a profound understanding of the software and the knowledge and skills to best tailor your implementations to your individual business needs.
Oasis Solutions has offices in Louisville and Lexington, KY, TN, and NC. Let us help you get the most ROI out of your software investment and be your local partner.