Most businesses start out by using a variety of simple, standalone tools to manage the different processes, for example, excel spreadsheets. Moreover, enterprise resource planning sure does come with a wide range of benefits but do you actually need it? Must you choose it for your business and will your business benefit from it? Here are a few questions you should ask yourself :
1) Are you spending more time on daily activities?
If it is taking a long time to manage daily activities, then enterprise resource planning software will integrate solutions and data into one system with a common interface, hence making it easier for you and your employees to communicate and do jobs effectively.
2) Do you have unanswered questions about your inventory or day to day progress?
Enterprise resource planning software helps you answer important questions about your business. For example, your purchase orders, revenue per product line, taxes and number of returns. Lack of access to metrics and segregated systems may be holding you back, enterprise resource planning software id used to address these issues.
3) Are you spending a lot of time gathering information? Is that affecting your decision-making abilities?
Maybe its harder for you to manage your inventory, keep costs in check or satisfy your customers. Hence you need the ERP software to restructure your business processes to accommodate growth and changing priorities.
4) Do you have manual processes with multiple data sets?
If most of your departments are using their own applications and processes to get things done, chances are that you are spending too much time on duplicate data entry. When information is not able to flow between systems, reporting takes longer and errors happen more often. Therefore, decision making is hampered.
5) Is there a lot of manual work in the business? Are you missing out on new opportunities?
Are you spending too much time on manual work in your business? Hence, can’t pursue exciting new opportunities? Newer enterprise resource planning systems make the work automated and include advanced, intelligent capabilities, like predictive analytics and machine learning, that make it easier to identify and capitalize on profitable new ventures.
6) Are you unable to access important data when you are away for instance through your mobile?
Mobile ERP gives you the opportunity to enter relevant and timely data into the system through your mobile. Finally having mobile capabilities can also lead to better customer service, greater productivity, and improved data capturing.
7) Are you worried about data security?
It is very important to protect the data in your company, an integrated enterprise resource planning system will harden the security protocols and increase management control at the same time.