It’s taking longer to reconcile financials at the end of the month. Often your sales forecasts are based more on guesswork than actual figures. Your business is having trouble keeping up with order volume and customer satisfaction is getting faltering. Also you have no idea how much inventory you have in your warehouse, and it’s a pain to find out. If this sounds like your business then it may be time to consider an ERP system. You could read on to discover the top five signs that your company is ready for ERP.
You Have Lots of Different Software for Different Processes
When various front- and back-end systems run separately, it can create havoc on the processes that are meant to guarantee your company is running smoothly. Without having any accurate data from sales, inventory management might suffer, while not having the latest details from accounting could eventually trigger a ripple effect on everything from marketing budgets to payroll.
With the ERP software it integrates these systems so that every business function relies on a single database. By one source of information that includes accurate, real-time data, an ERP solution breaks up information logjams, helps staff make better decisions more quickly and allows more time to work on more high-value exercises.
You Don’t Have Easy Access to Information about Your Business
If someone asked you what is your average sales margin how long would it take you to find out? By having an ERP solution, executives could get a holistic view of business operations at any time, while other staff can actually get the information they require to do their jobs more effectively.
Accounting Takes Longer and Is More Difficult
It actually takes ages to consolidate or reconcile financial information across systems and through countless spreadsheets; an ERP solution could make a significant impact. By having all financials in a single database, accounting staff won’t have to spend hour’s cross-posting information, rekeying numbers, or reconciling data manually.
Sales and the Customer Experience Are Suffering
As organizations grow, one of their biggest challenges is often inventory management. Having right amount of products is in the right location at the right time is a vital part of business operations. With effective ERP system, staff in every department would have access to the same, up-to-the-minute information. Customer-facing representatives should be able to answer customer’s questions about order and shipping status, payment status, service issues, etc.
Your IT is too Complex and Time-Consuming
One of the biggest lacunas of having multiple systems across your business is that IT management can become nightmare. So customizing these systems, integrating them and maintaining them with patches and upgrades could be complex. Rather than adding more software and complexity ERP technology can give you the ability to respond to changing business requirements rapidly.