Accelerated growth in a company sounds great, but it has many challenges. As product volume or the number of customers increases, having a business management system that can scale with the rushing demand is almost mandatory. This is where an ERP for SMEs starts to work its magic, positively modernizing current business processes and preparing the business to face future growth.
While throughout our blog posts we have emphasized each of the reasons why ERP for SMBs or growing businesses deliver real growth, the life of small and medium-sized businesses can be so busy, overwhelming and stressful that they need the best and most reliable allies to support the business every day. From the employees you depend on to the suppliers and partners you rely on, everything and everyone must perform and operate with considerable efficiency.
In addition, the increasing pace of change in the competitive environment in which SMBs operate is stressing their managers and encouraging them to rethink the use of management resources and reporting. The same applies to growth, as companies move to the second tier in terms of size, complexity and performance obligations increase to such an extent that manual processes simply no longer work.
In this week's post we will talk a bit about how implementing an ERP for SMEs that specializes in this business segment can help your company grow.
How can the implementation of an ERP for SMEs help boost your growth?
Challenges under control
ERP systems for growing SMBs help overcome common challenges such as increasing cost of technology, demands, security controls, etc.
Integration
One of the biggest advantages of having an ERP for SMEs in a growing company that accompanies your business during this phase is the complete integration of every process, for example, you can track supply chains and delivery while controlling orders and product availability.
An ERP for SMEs is a solution that integrates all facets of a business into a comprehensive information system that can be accessed by people across an organization that fully supports a single site or multiple global sites. Full integration means there is no miscommunication between any employee or department, saving time and complexity.
Increased revenue
ERP systems for SMEs offer powerful options to improve real-time decisions, prioritize tasks based on value creation and need, and decrease the complexity that often creates bottlenecks during sales to increase revenue and be much more productive.
Cloud hosting
The new ERP for SMEs in the cloud represents a safe place for the data of any business, away from physical hard disks and delicate and obsolete servers. This gives the company a place where data and management software can be accessed in real time from any location.
A cloud-based SMB ERP also allows data to be securely protected against theft or accidental loss, which can easily happen in physical storage methods.
This is tremendously useful for small businesses that want to expand and grow every day!
More Productivity
The fast data transfer that is only possible with the ERP for SMB implementation avoids unnecessary delays in information requests and promotes a better working environment for employees.
Improved customer service
Customer relationship management, or CRM, is another integral part of ERP technology. This involves incorporating pre-sales, service and sales. All necessary departments align with these services to provide a seamless transaction and streamlined experience.
Is your company ready for growth?
If you're reading this post, it's probably because expansion is a goal in your business plan. If you are still managing the processes of your small or medium growing company with obsolete technologies, it is time to take a step forward and implement the best ERP for SMEs according to your needs.
Remember, a business is only as efficient as the technology used to manage it. Large volumes of data must be processed quickly. Specific reports are required to comply with regional or industry regulations. And to get a better view of performance, opportunities and risks, all information and processes must be unified in a central system such as an SME ERP.
With a digital strategy based on an intelligent cloud-based enterprise resource planning (ERP) platform, small and midsize businesses create sustainable growth by linking processes, data, systems and employees end-to-end. Real-time insight and smarter employee-centric and customer-centric practices are injected into all aspects of the enterprise. And flexible implementation of new digital interfaces and relentless improvement of business systems become significant competitive advantages.
Invest in an ERP for SMEs and prepare your business for the future.
Implementing this solution may seem daunting, especially when you don't have a great deal of technology expertise and budget. But running a business without a solid foundation for growth can significantly hinder the performance of existing and new operations.
Whether your business becomes an integrated global company or a more distributed organization with regional subsidiaries, a digital core enabled by a smart cloud-based or locally based SMB ERP platform should be a vital part of your growth strategy. Not only will you set up processes and operations faster and easier in new locations, but you'll also gain the real-time visibility and decision-making power to constantly guide the business in the right direction.
Now that you know how SMB ERP delivers real growth, it's time to take the next step. SAP Business One® ERP for SMEs has demonstrated through success stories and real scenarios the great contribution it can make in small and medium enterprises in different industries. Its different functionalities in the areas of finance, production, inventory, purchasing, sales, CRM, accounts receivable, accounts payable, banking, etc. are the best option for your company to achieve levels of productivity and growth never seen before.
While throughout our blog posts we have emphasized each of the reasons why ERP for SMBs or growing businesses deliver real growth, the life of small and medium-sized businesses can be so busy, overwhelming and stressful that they need the best and most reliable allies to support the business every day. From the employees you depend on to the suppliers and partners you rely on, everything and everyone must perform and operate with considerable efficiency.
In addition, the increasing pace of change in the competitive environment in which SMBs operate is stressing their managers and encouraging them to rethink the use of management resources and reporting. The same applies to growth, as companies move to the second tier in terms of size, complexity and performance obligations increase to such an extent that manual processes simply no longer work.
In this week's post we will talk a bit about how implementing an ERP for SMEs that specializes in this business segment can help your company grow.
How can the implementation of an ERP for SMEs help boost your growth?
Challenges under control
ERP systems for growing SMBs help overcome common challenges such as increasing cost of technology, demands, security controls, etc.
Integration
One of the biggest advantages of having an ERP for SMEs in a growing company that accompanies your business during this phase is the complete integration of every process, for example, you can track supply chains and delivery while controlling orders and product availability.
An ERP for SMEs is a solution that integrates all facets of a business into a comprehensive information system that can be accessed by people across an organization that fully supports a single site or multiple global sites. Full integration means there is no miscommunication between any employee or department, saving time and complexity.
Increased revenue
ERP systems for SMEs offer powerful options to improve real-time decisions, prioritize tasks based on value creation and need, and decrease the complexity that often creates bottlenecks during sales to increase revenue and be much more productive.
Cloud hosting
The new ERP for SMEs in the cloud represents a safe place for the data of any business, away from physical hard disks and delicate and obsolete servers. This gives the company a place where data and management software can be accessed in real time from any location.
A cloud-based SMB ERP also allows data to be securely protected against theft or accidental loss, which can easily happen in physical storage methods.
This is tremendously useful for small businesses that want to expand and grow every day!
More Productivity
The fast data transfer that is only possible with the ERP for SMB implementation avoids unnecessary delays in information requests and promotes a better working environment for employees.
Improved customer service
Customer relationship management, or CRM, is another integral part of ERP technology. This involves incorporating pre-sales, service and sales. All necessary departments align with these services to provide a seamless transaction and streamlined experience.
Is your company ready for growth?
If you're reading this post, it's probably because expansion is a goal in your business plan. If you are still managing the processes of your small or medium growing company with obsolete technologies, it is time to take a step forward and implement the best ERP for SMEs according to your needs.
Remember, a business is only as efficient as the technology used to manage it. Large volumes of data must be processed quickly. Specific reports are required to comply with regional or industry regulations. And to get a better view of performance, opportunities and risks, all information and processes must be unified in a central system such as an SME ERP.
With a digital strategy based on an intelligent cloud-based enterprise resource planning (ERP) platform, small and midsize businesses create sustainable growth by linking processes, data, systems and employees end-to-end. Real-time insight and smarter employee-centric and customer-centric practices are injected into all aspects of the enterprise. And flexible implementation of new digital interfaces and relentless improvement of business systems become significant competitive advantages.
Invest in an ERP for SMEs and prepare your business for the future.
Implementing this solution may seem daunting, especially when you don't have a great deal of technology expertise and budget. But running a business without a solid foundation for growth can significantly hinder the performance of existing and new operations.
Whether your business becomes an integrated global company or a more distributed organization with regional subsidiaries, a digital core enabled by a smart cloud-based or locally based SMB ERP platform should be a vital part of your growth strategy. Not only will you set up processes and operations faster and easier in new locations, but you'll also gain the real-time visibility and decision-making power to constantly guide the business in the right direction.
Now that you know how SMB ERP delivers real growth, it's time to take the next step. SAP Business One® ERP for SMEs has demonstrated through success stories and real scenarios the great contribution it can make in small and medium enterprises in different industries. Its different functionalities in the areas of finance, production, inventory, purchasing, sales, CRM, accounts receivable, accounts payable, banking, etc. are the best option for your company to achieve levels of productivity and growth never seen before.