Think ERP (Enterprise Resource Planning) solutions are just for big companies? Think again.
According to Aberdeen, 96% of best-in-class growing businesses have implemented an ERP solution. That’s a huge percentage – enough to consider ERP systems mission critical to the success of high-growth small and mid-size companies.
And when you think about it, ERP software geared for the needs of SMEs make perfect sense. Just like the large forms, you have to support a variety of processes to run your business:
Many companies try to manage all of this with separate systems that don't interact with one another. But this also means they can’t track their business processes and don't have access to accurate, real-time information on their performance. The preferable option is to simplify with an ERP system.
Simplify Work with a Scalable ERP System
ERP solutions centralize core business data and support the operations, processes, reporting and more that are core to your business. Organizations of all sizes are able to tackle challenges and transform the way they operate using ERP. The centralized nature of an ERP system gives you complete visibility across your organization, increases efficiency and improves decision making. At the same time, they make work faster and easier with automation, seamlessly integrated processes and easy access to trusted data.
And the benefits, based on surveys of executives at growing businesses with ERP systems, are significant and directly related to business growth. For example, they’re seeing:
11% reductions in operational costs
10% increases in profitability in just two years
A 48% likelihood that they have real-time visibility into the status of all processes (compared to 6% without an ERP)
A four-fold increase in their ability to forecast and plan for demand
633% greater likelihood that they can share data with suppliers, customers, resellers and regulatory bodies
77% likelihood that they can standardize back office processes (compared to 22% without an ERP)
In addition, best-in-class growing businesses reportedly can easily find and use the data they need—no matter where they are—to make fast, agile decisions. Aberdeen research shows that ERP systems reduce the time it takes to make decisions by 36%! Why? Because your ERP acts as a single source of truth, supporting visibility, efficiency and informed decision making across all areas of the business.
Have you thought about running your business on an ERP? Or are you still using point or stand-alone solutions for finance, customer management, HR and other core operational areas?
As one of the top Canadian ERP partners, we've helped many other growing companies streamline operations and fuel growth. We're here to guide you through the process – right from evaluation, through implementation and beyond.