Published on: January 16, 2014
Are you experiencing debilitating business challenges? Does your current business software solution allow you to respond quickly to these challenges? Do you have the tools you need to effectively solve the issues you run into on a daily basis? Does your current solution allow for growth?
Responding quickly to business challenges is a necessity. If your current solution does not allow you to respond quickly and effectively to these challenges, it’s time to look for an alternative solution. Your business accounting software solution should grow with your company and help you solve business challenges – not prevent more. If you are experiencing an influx in challenges and decline in available solutions, you need enterprise resource planning (ERP) software. ERP software can help small businesses manage every part of the operation: manufacturing, product planning, accounting, sales, inventory, and marketing.
The benefits of ERP are endless; however, many small businesses are concerned about investing in the software too soon. Knowing when to implement ERP software can be a struggle for small businesses operating on slim budgets and time constraints. There is never a “perfect” time for investing in ERP; however, there are a few key indicators that let you know when your current solution is lacking the functionality you need to support your business’ growth.
We’ve summarized the top three business challenges small businesses typically experience when it comes time to move to a new ERP software solution. Take a look at the following indicators and ask yourself if ERP could help solve the below challenges:
- You have no ability of accepting multiple forms of payment from your clients.
Today’s customers expect convenience, particularly when it comes to paying for products and services. If your small business does not accept credit cards, online, or mobile payments, you will be quickly surpassed by the competition. You need a solution that can quickly process these types of payments and transmit the data accurately to your company’s CRM system.ERP software can help you processing all of these types of payments and seamless transmit order information to your CRM system. Recent research has shown that the majority of small to mid-sized businesses transition to ERP to achieve higher revenue levels. Being able to accept all types of transactions can help companies achieve their revenue goals.
- Accessing the data you need – when you need it – is a hassle.
Do you have trouble accessing the data you need? Many companies rely on several systems to manage and maintain important company – and customer – information. Relying on multiple systems often results in employees having to input data into two different systems, creating massive inefficiencies, an increase in errors, and draining productivity levels. By implementing ERP software (and integrating it with CRM), you can gain access to the data you need, whenever you need it. ERP software will also improve your data entry efficiency and accuracy.
- You cannot identify when security breaches have been made.
If your business information is stored in a variety of places, it could be difficult to know when – and if – your information is compromised. You can dramatically lower the odds of a data breach occurring by storing all of your important information and data in one place. ERP software will allow your company to keep a close eye on your data so you know if a breach has occurred. Most ERP solutions also have advanced security features designed to keep your (and your clients’) information as safe and secure as possible.
If your small business is experiencing any of the above business challenges, it’s time to invest in a new business solution. ERP software will not only alleviate the above challenges, but it will also better equip your company to meet your business goals. If your business is ready for ERP, download our whitepaper, “Growing Pains: What to Do When You’ve Outgrown Small Business Accounting Software”.
If you’re ready to explore your ERP options, contact us today. We offer a variety of ERP software solutions, such as Sage 100 ERP (formerly Sage ERP MAS 90 and Sage ERP MAS 200) and Sage 300 ERP (formerly Sage Accpac), to meet your business’ unique needs.