What Should SMBs Consider When Choosing an ERP System?

What Should SMBs Consider When Choosing an ERP System?
Consider an ERP that allows your small or mid-size business to:
》 Capture customers by merging the customer data to the enterprise.
》 Use business intelligence through reports and analytics to respond to the market in real-time and improve knowledge management.
》 Strengthen the channel from supplier to customer to your business by integrating all data for streamlined operations.
》 Eliminate the need for manual processes and cut costs by automating processes to run more efficiently.
Choose an ERP with a 360° complete coverage of all your small and mid-size business requirements:
- Supplier Relationship Management– Procurement, Production, Distribution – Product Lifecycle Management and Supply Chain Management – functional timelines, product line counts, finished goods tallies, bin counts, distribution logs, shipping logs
- Customer Relationship Management– to capture customer relationships, and enable better knowledge management, thereby improving the usage of customer experience data for business intelligence – using tools to monitor performance and productivity – for example, customer information in one repository can help in scoring leads.
- Performance and Governance– for cost-cutting and control of corporate services for enhanced usage of assets and improved management of asset lifecycle – total enterprise asset management
- Sales– from order placement, order scheduling, and shipping, to invoicing – for example, quotations list, list of sales orders
- Finance– Direct reporting with real-time data – GAAP accounting, for example, GL, AR, AP, payroll, and consolidated financial management, for example, divisional reporting.
- Human Resource– complete employee database to store, track, manage, and utilize all employee data, from personal FTE information and emergency contact to workflow, approvals, service, etc.
- Analytics – Analyze real-time data and convert it to business intelligence to improve business strategies, better manage your assets, increase efficiency in business processes, and cut costs.