When it comes to running a business, everyone has a business management system. Such a system can be as simple as a whiteboard on a breakroom wall but more often will take the form of spreadsheets and emails. These systems may even fall into the category of Enterprise Resource Planning software, even if users don’t know it by that name.
It’s important for businesses to know the point at which they’re outgrowing a homegrown or siloed business management system. Here, we’ll detail What an ERP system is, the benefits derived from those systems, and how to evaluate an ERP system for your business.
What Is Enterprise Resource Planning Software?
ERP software is a means of communicating processes and resources to a business’ personnel. This information is then used by personnel to complete tasks such as how many parts to build for a purchase order or how many orders to fulfill by specified deadlines. The level of depth ERP software provides is virtually limitless.
Why Do Businesses Use ERP Software?
Unfortunately, businesses relying on spreadsheets miss out on putting a lot of their valuable data to use. Not only this, but they divide their teams into siloed departments that leave them working less efficiently. ERP software bridges gaps in communicating processes and resources with personnel. The result is accurate and relevant data delivered to those who need it, in real-time and across departments. Businesses will find ERP applications enable better communication, increased efficiency, increased order accuracy and fulfillment, reduced inventory and labor costs, and happier customers.
The most modern examples of enterprise resource planning software deliver automation capabilities. Today, ERP software offers virtual assistants, workflow automation capabilities, automated data capture and entry, intelligent robot interfaces, predictive maintenance tools, and systems to connect manufacturing business from the shop floor to the top floor.
What Is The best ERP software?
The best ERP software is the one that checks all the boxes, or the most, when it comes to meeting the needs of your business now and into the future. That said, evaluating and selecting the ERP software that’s right for your business is not an overnight decision. Once you’ve decided that a more robust enterprise resource planning system is what you need, begin evaluating options.
The typical ERP evaluation process from the buyer’s end begins with research, then engaging those vendors or their certified resellers, discovery follows to ensure the ERP software is the right fit for a business, then demonstrations, agreements, implementation and finally training. Some vendors and VARs will stop there, only reaching out to continue selling add-on services and upgrades. However, you will want to find a partnership with experts in the ERP software of your choosing. That’s because these systems will potentially help run your business for decades as you grow and expand. Finding the right fit for both ERP software and partnership among providers is important.
How To Select ERP Software
In short, every business is different and has different needs out of ERP software. Though, there are core functionalities that all ERP systems will include, like financials and operations. Beyond that, there are systems geared towards retailers, manufacturers, healthcare, and just about every other industry vertical one can name. That said, no matter what ERP software you may need, there are reliable ways to evaluate ERP software that apply to the evaluation process regardless of industry and purpose. We’ve put together a great resource on how to evaluate ERP software, no matter what industry you are in. You can download it for free.
Don’t get hamstrung by inaccurate data, lost information, and poor response time when unforeseen events take place. When the time is right to choose an ERP system that’s right for your business, big or small, talk to the experts at Encompass Solutions. We’ll connect you with a system that fits your build.
About Encompass Solutions
Encompass Solutions is a business and software consulting firm that specializes in ERP systems, EDI, and Managed Services support for Manufacturers. Serving small and medium-sized businesses since 2001, Encompass modernizes operations and automates processes for hundreds of customers across the globe. Whether undertaking full-scale implementation, integration, and renovation of existing systems, Encompass provides a specialized approach to every client’s needs. By identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of Industry.