Small Business ERP Benefits


Benefits from ERP software


Is’s already clear that there are many benefits coming with the implementation of an ERP system. Here we’ll discuss the most common ones, according to some world ERP consulting companies like Accenture:
  • The level of errors made will be reduced to 75%. With the implementation of an ERP system in small business, standardization of the information will be achieved. It will be hard for someone to make a mistake, because if not entered properly, the data will be rejected by the software with an error message, as well as information on required corrections.
  • BOM (bills of materials) related errors will be reduced to 70% - planning every single material automatically will significantly reduce errors such as shortage of materials, delivery delays, wrong purchase orders and so on. This would be a great advantage for a manufacturer with compound production.
  • Inventory optimization by 15%-20% - reducing the inventory level will ensure more free cash-flow available for other purposes. It will also reduce the total cost of the products and increase profit margin.
  • Receiving best business practices – business know how. For a small business, this could be a huge opportunity for growth. Also, there are some big names in the business world, who wouldn’t do any business with your company if it doesn’t have an ERP system implemented.
  • Workforce reduction. By optimizing the business processes in your company, your workforce will become more efficient and productive. This will free-up human resources, who could be reallocated, and greater results could be achieved as a whole.
  • Business reports creation time will be reduced from days to few hours.
  • Safety of business information will be increased.
  • More satisfied customers – All these benefits will be transferred to your customers too. They will receive greater value from your products and services.
  • Better cash-flow management – liabilities and receivables will be managed almost automatically, which excludes the opportunity for errors.
  • Better planning – last, but not the least, planning of all business resources will be significantly improved.
  • The overall business value will increase


 

 

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