Do I need an ERP yet? This is a question that many business owners are asking these days. You may have heard a lot about ERP, but you may not have taken the leap yet. What’s holding you back? And are you missing some key signs that the time is right for ERP? Here are some telltale signs that you may have been holding out on an ERP implementation for too long.
You’re bogged down by manual processes.
A bold statement is necessary here—there is no reason for manual processes to exist in modern business. If your workflows involve any amount of manual work, the time has come for ERP. While spreadsheets, for example, served everyone well for a long time, manual entry like this inevitably leads to human error. When different departments are leveraging spreadsheets in different ways, this can only compound the problem.
There are multiple versions of the “truth” in your business.
When departments and data are siloed away from one another, you have several versions of the truth for your business. Each department may have a different idea not only of the “facts” related to data, but a different idea of high-level goals as well. Implementing ERP at your company unifies data into one platform, creating a single “truth” for all stakeholders and departments.
Busy work overtaxes your accounting department.
So often, accounting departments spend much of their time circling back. Whether it’s asking for receipts on an expense report or confirming project billing for an invoice, this small, busy work can slow things down significantly and leave your business office frustrated. With ERP in place, your accounting team can access digitized, real-time data on transactions, track necessary information in an instant, and collaborate more effectively with various departments and managers.
Legacy solutions frustrate your employees.
If you are receiving multiple complaints from your team about how legacy solutions are holding them back, that’s the clearest sign of all it’s time for ERP. Even if they don’t express any frustration directly, you may notice that they are taking longer than usual to execute basic workflows and tasks. Different departments may not be seeing eye to eye, creating frustration for everyone. With a collaborative space and clean data for everyone, ERP can ease much of the frustration your team is facing.
You’re asking yourself, “Do I need ERP?”
That question alone means that you’ve noticed some signs the time has come for ERP. Chances are, too, that if you see a few signs, there are quite a few more still under your radar. If you’re already asking yourself “do I need an ERP,” it may be worth the effort of scheduling a consultation.