There are a host of reasons why businesses ask the question: Do We Really Need an ERP solution? You may be asking yourself the very same regarding your business’ current state. For many growing enterprises, ERP is a “four-letter word”. However, operating within cobbled systems that demand attention with every little update or modification is like putting a Band-Aid on a bullet wound. This approach bleeds businesses dry. Addressing the shortcomings of siloed systems and preparing for growth before you’re inundated with orders, data, and paperwork by implementing an effective ERP solution will make all the difference.
Whether your apprehensions in addressing the problem stem from the associated costs, unfamiliar tech, modern information systems, employee push-back, or just the notion that you aren’t big enough to need a comprehensive solution yet, the cost of inaction could put you out of business sooner than you think. Saving that revenue from being lost by implementing a solution will capture resources and data more effectively while putting both to work toward your business’ future.
Time To Make A Decision
Most small businesses maintain a mindset of my system has worked for me so far, why should I change now? While it’s true this approach will work for a time, eventually, home-made solutions will be outgrown and cause more problems than they are worth. This is where the decision to implement something more robust needs to be addressed.
Sometimes the hardest decision and the right decision are one and the same. Just because you’ve been able to get by without a platform built specifically for businesses, doesn’t mean the decision to avoid implementing one altogether is the right one. Being lulled into the sense that because it has worked in the past and will continue to work for you into the future is nothing if not careless.
ERP As A Cost-Saving Initiative
Most who have heard of ERP software focus first and foremost on the price tag. While it’s true that these solutions are a big undertaking in terms of time and resources, they pay for themselves many times over in those resources that they save businesses day after day.
For instance, take KPIs that you are likely already looking at, such as order fulfillment, customer satisfaction, inventory accuracy, financial reporting, and outstanding sales. In every one of these instances, businesses utilizing an up-to-date ERP system outperform those that do not, as well as those who are using outdated ERP systems to run their operations.
Consider paper systems, like the Rolodex and filing cabinet, that have all but completely fallen out of use. These antiquated systems present the opportunity to lose, misplace, or sink time into locating valuable information. By Incorporating the digital organization principles of an ERP system, your business can function more effectively on the front-end, where sales and customer interaction reside, instead of the backend dealing with filing, forms, and paperwork. ERP systems free up your labor pool to focus on growing your business by automating many financial and data-centric processes that can grind operations to a standstill when tackled manually.
Mobile devices, touch-interfaces, and other modern innovations have catapulted the capabilities of modern businesses. ERP software keeps remote and in-house workforces connected, as well. Add to that embedded business analytics, eCommerce support, and social business capability, and your business is primed for a competitive advantage stemming directly from its technological one.
In short, the advantages ERP solutions present can’t be ignored. ERPs help businesses build on their current success or counter shortcomings, thanks to:
- Continuous efficiency
- Enhanced Business Agility
- Powerful Real-Time Insight
- Superior Operational Control
- Enhanced Customer Service
ERP Selection: Measure Twice, Cut Once
There are many factors for any business to consider when selecting an ERP solution. Some ERP solutions are designed for applications in food and beverage manufacturing, while others specialize in aerospace. Identifying your business’ needs and selecting an appropriate ERP solution will position you for a bright future. Partnering with a proven consultant will make the transition to and implementation of these new systems seamless and allow your workforce to hit the ground running when you’re ready to go live with your new set of tools.
About Encompass Solutions
Encompass Solutions, Inc. is an ERP consulting firm that offers professional services in business consulting, project management, and software implementation. Whether undertaking full-scale implementation, integration, and renovation of existing systems or addressing the emerging challenges in corporate and operational growth, Encompass provides a specialized approach to every client’s needs. As experts in identifying customer requirements and addressing them with the right solutions, we ensure our clients are equipped to match the pace of Industry.