When Does a Company Need an ERP System?
When Does A Company Need An ERP System?
So your business is growing and things are going very well. Revenues are up and it feels like you are hiring new talent every week! But of course, with growth comes quite a bit of a management headache.
So when is the time to implement new business management software – how do you know it’s the right time?
Implementing a new software can streamline operations, accelerate growth, and improve clients’ and employees’ satisfaction. That said, it is not always easy getting there. It takes time, investment in infrastructure, and comes with a risk of replacing some of your current working systems.
But if you are growing at a rapid rate, the benefits of implementing a new ERP system can outweigh the risks.
Let us explore some of the main catalysts for identifying a need for an ERP system:
Clients start to Complain
Loss of key member affects operations
Not sure of your numbers
Reports take a long time to generate
You are using too many disconnected Systems
When each department uses different software systems that do not talk to each other, your employees also will not talk to each other (the same language and same data). It is time to explore one system to manage all departments so everyone is on the same page.
As your business rapidly expands, you may find yourself with significant growth, but your clients are not as happy as they used to be because there are suddenly many mistakes and the clients have begun complaining. This is directly affecting your bottom line, which is why you should consider a singular, connected software system that delivers excellence from beginning to end.
Losing team members affects operations
It is always hard to see one of your team members leave and it’s harder when you don’t have a good backup. If the departure of key employees causes loss of data and significantly affects your operations, it’s time to implement a new system. A system that will store critical information that other employees can have access to, and that is available to them. It will ensure the business’ independence regardless of important team members departing.
Not sure of your numbers
When you are getting your numbers from multiple different sources and not sure which ones to trust, it may be the time to think of consolidation. Understanding the real picture of your company is crucial to making wise decisions and having one source of the truth is critical.
When it takes a long time to generate reports
When it takes your people an unnecessary amount of effort to bring you financial or other business reports, it is not only an administrative burden. It also means that you receive a report that was processed and manipulated manually. This can lead to making decisions based on false, or misrepresented data that you are unable to remedy because you cannot catch the issues through your current processes. With SAP Business One, all data is consolidated so it is relatively easy to get the information you need in real-time.
To sum it up...
Implementing a new system can have risks and should not be taken lightly. But if you have experienced one or more of the situations above, it is time to consider an integrated ERP system and to explore which options may be best for you. If you are unsure what next steps to take, please feel free to reach out to us for additional discussion at firstname.lastname@example.org.
Want to read a little more about what an ERP is, and what SAP Business One is? Check out the blogs below!
You might also want to take a quick peek at some of our Satisfied and Sucessful Clients!