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Benefits of ERP Systems: How Can it Help a Business Grow?

Written by Laura Schomaker

December 10, 2020

The benefits of ERP systems are myriad, but not every SMB is ready to take the leap with this comprehensive solution. You may even have considered an ERP but put it aside, thinking that it might be a better answer once your business has grown a bit. What you may not realize is that an ERP can foment growth. Implementing an ERP system at your business can not only encourage growth, it can also sustain growth and help a company flourish as it scales up. By supporting everything from collaboration to automation at a company, ERP can be the difference between an okay year and a boom year for a business.

 

Automation for a Streamlined and Efficient Workplace

Nothing slows down business growth like a lack of efficiency. Manual entry of data and re-entry of data from one department are often two of the largest drags on a small business’ efficiency. An ERP solves this by automating and streamlining tasks and workflows. With the automation that is part and parcel of ERP, your employees will work more efficiently, and your business will operate more productively as a whole.

 

Empowered Decision Making through Real-Time Business Data

One of the most powerful tools you can have access to when growing your business is real-time, unified business data. Without ERP, siloed data and a lack of cohesive reporting and analytics may stymy your decision-making process. Another of the crucial benefits of ERP systems is visibility. ERP brings all your data together, allowing you to make smarter and faster decisions in an ever-changing marketplace, streamline your supply chain, and innovate in the most dynamic ways possible.

Also, you can access your data in a variety of ways; if a key business decision needs your attention during your first weekend off in 6 months, there’s no need to worry. You can access everything you need remotely and act as if you were in the office.

 

ERP Scales with You

Another of the benefits of ERP systems is their modular design. This means most vendors allow you to build a solution that fits your company’s needs. It means the solution can scale up with you as you grow. Don’t need a CRM now? Fine. You can integrate that into your ERP solution down the line. Your ERP system won’t stagnate and will grow with you.

Growth is the goal of every business owner.  When growth takes off into the stratosphere, it can overwhelm some SMBs. By implementing an ERP system, you can spur growth and position your business to adapt without disappointing customers or dropping the ball. Have you had your own experiences with ERP growing your business or supporting you during growth? Let us know in the comments below. We look forward to discussing how dynamic a solution ERP can be for growing businesses. If you would like to see how ERP can work for you, schedule a consultation to learn more about this modern business solution and what it can mean for growth at your company.

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