Why is ERP so Important for SME?

Today, an increasing number of small and medium enterprises are aware of the importance of ERP and what it can do for their setup. The points mentioned below highlight why enterprises prefer an ERP for SME in their setup.

• Various modules for varying functions

ERP for SME takes care of all functions of a business like accounting, HR, sales and distribution, supply chain management, warehouse management, product management, and much more. Therefore, ERP is a comprehensive package that integrates various functions and information of an organization.

• Consistency in data

With the help of ERP for SME, all the data is integrated at one place and this helps to get the data whenever it is needed without any hassles. Anyone who needs to access business data can check one central location so there is no confusion of any sort. This helps an enterprise to set and accomplish business goals successfully.

• Increased productivity, efficiency and response time

With the help of ERP, the most crucial business process can be carried out in a streamlined way using a single application. This helps the enterprise to be productive and efficient in their functioning. For example, a production plant can easily increase their production, the delivery and dispatch of their products and also the perfect way to understand the kind of demands that they will have in near future. All these and many more options will help the enterprise to grow in their functioning. ERP for SME also helps to reduce their customer response time as well.

• Having a competitive edge

It is possible to achieve more on a weekly or daily basis because the processes can be accelerated. In most, small and medium enterprises, a lot of time is spent if you need certain data or reports to take important business decisions. However, with the help of ERP solution, the relevant and important documents are just a click away. This helps the enterprise to take informed decisions on time that helps in gaining a competitive edge in the market.

• Creating effective workflow patterns

When it comes to small and medium enterprises, one of the most crucial things lacking in organizations with ERP is proper planning and workflow patterns. However, ERP for SME can help to create effective workflow patterns and that too in an automated way. This saves a lot of time and every employee knows their work through system generated processes.

• Benefit of financial ERP

When it comes to SMEs, it is important to have all the accounting and financial processes in place. This helps the enterprises to be efficient and focus on planning, managing and increasing the funds. With the help of financial ERP in an SME, the organizations can maintain a record of all financial activities at one place. All the details related to audits, resources, financial structure, and other things are at one place and can be easily accessed when need be.