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Top Signs Your Business Needs An ERP Solution

As a business scales up and expands its scope of operations, the old workflows and processes are found insufficient to deal with the rising complexity. Although the most prominent causes for bottlenecks are resource constraints and poor strategy, another important factor hampering productivity in modern organizations is ineffective software solutions. Most of the legacy solutions serve a narrow purpose and easily approach breakdown when extensibility is asked of them. In such a scenario, it is time for the business to move on to an ERP system and reinvent the flow of information across the organization.

Here are the top signs that your business is in urgent need of a good ERP solution:

  • Inaccessible data: Although your business generates a lot of information, you frequently find that you are not able to make good use of most of it. It takes a lot of time to retrieve and classify information, and even longer to generate relevant reports from it, by which time the activity loses its significance. This is a clear pointer towards much-needed organization in information access, which is a central role of an ERP system.
  • Too many software: Every major department in your organization uses a different solution, and even within the same department, different people prefer to use it differently. As a result, interoperability is a challenge, as is managing and maintaining this complex web of software solutions. The clear antidote to this is an ERP system, which encompasses all the required systems and is easily extensible.
  • Declining sales performance: Your sales performance was stellar while the company was still small, but of late it has been disparaging. Your sales team is wasting too much time acquiring information and working out forecasts, whereas they should be focused on the human side of the sales efforts. This can be easily improved by using a good ERP system that allows centralized, Cloud-based sales force management and advanced analytics-tools.
  • Supply chain drawbacks: Your supply chain is not mobile-ready, and thus is not agile. This leads to frequent bottlenecks in the process flow, making it difficult to manage inventory and vendors more effectively. An ERP solution overcomes this by offering native integration with small devices so that data access points can be made mobile. This automates the whole supply chain and makes it more responsive to changes in demand.
  • Chaotic administration: Across departments, you hear the common complaint that details are being missed, important action points get overlooked, and that resources are not being managed properly. This is because there are no evolved processes in place for those departments, which causes significant delays. An ERP solution helps overcome this by enforcing standard workflows in departments, which can be altered as needed.

An ERP system is not optional. It is not a luxury that only some organizations can or should afford. On the contrary, it is crucial to the fundamental functioning of the organization and can play in big role in improving efficiency.