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How ERP Systems Are Transforming the Course of Small Businesses

 

Gone are the days when small businesses need to cope with multiple barriers to growth. Advent of the Internet has come with a range of things for smaller and mid-scale enterprises. With the rise of Cloud Integration technology, these enterprises will gain more potential to compete with the giant business players. One of the most productive investments in modern businesses is developing a customised ERP system. However, smaller enterprises often face a dilemma about its utility in improving their operations.

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With more streamlined business operations, rapid performance tracking, smarter market insights and improved operational efficiency, ERP solutions have become the new ace for companies irrespective of its size. Thus, it is important to have a well-integrated and customised ERP for small business and big enterprises.

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How an ERP can fetch Growth for Small Businesses

Increased Productivity: With improved tracking and transparency of your business process, your staff will get more time to focus on increasing the business volumes. This will further aid in transforming the various areas of your business and gain more momentum towards business growth.

Greater Transparency: With an efficient system, your business will not need any specific information system for all the departments. This software helps you to share and access all relevant data processed across all the business departments. This, in turn, eliminates need of export data thereby, resulting in increased productivity and lower expenditure on human resource.

Decision-making: Real-time data offered by a system is highly beneficial for management, accounting, marketing thereby enabling the company to make decisions quicker and better. The management can detect any type of potential issues or obstacles which, will further help in monitoring the productivity levels. Having a comprehensive picture of all the operations will help in understanding various areas of the business and meet higher growth.

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What is the Perfect Choice of ERP for your Business

 

Different businesses will have different needs and infrastructure and thus, not a one-size-fits-all system can cater different purposes. Being an aspiring entrepreneur, you must focus on developing a cost-effective solution that meets your needs and is easily manageable as well. Ideally, some of the essential features of an efficient ERP solution are easy-to-use, customised, highly scalable, secure, cloud compatible and adaptive.

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Adhering the aforesaid, it has not only become essential to invest in ERP for small business but, also specify the desirable features and make sure that the product is business-specific. However, it is important to remember that even the most powerful ERP system might not work for your business, because of inefficiency in maintaining and monitoring it properly. Thus, make sure that the software’s functionality is known to your staff and they can make the most of your crucial investment.

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Rob Stephen is a tech geek and software developer working with Vision & Solutions who has built several software systems of ERP Solutions for small business and helped clients to improve business efficiency.

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Cloud ERP V/S On-Premise ERP: Who Wins?

As a business owner, if you ask me where I belong, I would tell you we belong to the cloud. Oh did I say it wrong? I meant crowd! No! I think I was right. It is the cloud.

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All businesses are rapidly migrating to the cloud for faster and easier access to their company data, which they further use for team communication and get the top of the fly insights to make important business decisions. But when it comes to cloud ERP, the definition becomes a bit sketchy, both from an architectural perspective and functional scope.

 

Many vendors placed under the “cloud ERP” umbrella rarely compete against each other. Some reject or downplay the term. But I am pretty certain that on-premise ERP solution has major benefits.

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In this article where I talk about the major Cloud ERP benefits, I would like to define some metrics to keep it to the point.

 

  • Benefits must visit certain use cases at once.

 

  • Benefits must be able to help an organization in more than one way

 

  • Benefits must be value adding to the end-customer

 

Top Five Cloud ERP Benefits

 

Simplicity Counts

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I have seen that many small and medium businesses use multiple, and complex standalone software to perform simple work. If you start converging your work files onto a cloud ERP system with an interface that is more aligned to your needs, which solves an immediate business requirement, you will find that interface doesn’t need to be beautiful. It just needs to be succinct enough that enables you to do work quickly and efficiently.

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Here is a pain point that makes more sense today – in the cloud-era, than it would have 5 years ago – standalone-era.

 

Testimonial 1 – We wanted to delay our audit filing, because I thought that our on-premise system is getting too old and outdated… everyone needed to take turns logging into the software… our team’s speed was affected since two people couldn’t see the data at one time… If I needed a file, I needed to log in that particular system and get it… it gets under your skin pretty quick you know. Real-time access is something that helped me access that data whenever and wherever I want.

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One place to store information is better than having multiple store points

 

Inputting data is not going away (or is it?). But storing data in multiple places is something that must go away.

 

Bharath and his team at 99Tests were in their own version of spreadsheet chaos. Their homegrown system had served them pretty well, but growing pains exposed the problem:

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Testimonial 2 – Recently, I just stole a look at my company data and found 10 spreadsheets staring at me… Download this, export this, use this formula and what not… When we found a client who wanted to get their software bug-tested, answering questions became difficult. “How many bugs did your team find in the last week? “Can I see a report?” We simply couldn’t do that just by tracking everything in Excel.

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For Mark, a travel agency owner, cloud ERP put them on a better path. He credits the new system with landing some big clients:

 

Testominial 3 – Google AdWords isn’t the only lead generation platform for us now. With fancy robust reporting, and itinerary showed in more fancily, we were actually flying. I think it’s helped us in the sales process of getting future clients.

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Cloud Apps Are A Favorable Alternative To Complex Customizations

 

Many people think that cloud ERP is rigidly standardized. Take it from a B2B cloud marketer, it isn’t.

 

In this API driven market, you can either have an ecosystem of apps resting in your platform or tell people to build their own apps and create an ecosystem of their own business on a certain platform.

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I was going through Entrepreneur the other day and read these lines – ‘Most companies use several ERP solutions and struggle to piece together all the data they collect. That is why software companies are working to build platforms that sync various tools and systems in more useful ways.’

 

I couldn’t agree with it more.

 

At Business Tech Summit 2017 held last month, prominent industry leaders were stressing the importance of software automation and its impact on the BPO industry.

 

Among many discussions related to the role of technology played in the BPO’s success, one thing was pretty clear – Technology is the precursor and enabler to BPO industry’s growth. Faster data accessibility and ready-to-use cloud apps will not only bolster your productivity output but also add that last mile of effort that can help you take your business to the next level.

 

A Modern UI Is The Source To Get More User Logged-In Time And Greater Employee Productivity

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Each year, employees are having a gala of a time picking their favorite tool for their multiple business needs. Because of this, the SaaS owners have started prioritizing UI more than ever. White labeling is becoming more of a SaaS thing than customization. It comes with a click of a button.

 

Better UX leads to higher productivity. How?

 

If you are a planner, UX is everything for you. Practicality along with beauty is what planners need right now.

 

Ana, director of another travel agency based in New Delhi, muses how she is able to create value for her clients using a cloud-based software.

 

Testimonial 4 – It has been amazing… My clients are planners… travel nerds… they love to see the itinerary on the cloud-based app we use… They also start getting inquisitive, and actually provide valuable feedback through it “When did Mark leave for New Delhi? Looks like India Gate is much fun, is that included in your package?” They love to see the price of every travel pack right there, in their hands. They can see everything.

 

Increased Data Visibility Leads To A Whole New Way Of Running Business

 

If you have been doing cloud ERP the right way, the end result is increased visibility – real-time or close to it.

 

I had a marketer friend working at a finance firm, who migrated from traditional on-premise ERP to Cloud ERP. Here is a snippet of the chat we had in detail when I probed further –

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Testimonial 5 – I will be very direct. Our finance team has expressed some level of comfort with the recent migration. They crib less and work more. They get so involved in building custom reports & dashboards that lunch is no more a pass time. I am looking for new work friends now.

 

On a whole, I think cloud ERP business is going the right way. Let’s wait until the end of 2017 and see what most small and medium businesses are using.

 

If you liked this write up, go ahead and give Orgzit a try. People have said a lot of nice things about it. You might too

How ERP Systems Are Transforming the Course of Small Businesses Gone are the days when small businesses need to cope with multiple barriers to growth. Advent of the Internet has come with a range of things for smaller and mid-scale enterprises. With the rise of Cloud Integration technology, these enterprises will gain more potential to compete with the giant business players. One of the most productive investments in modern businesses is developing a customised ERP system. 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As a business owner, if you ask me where I belong, I would tell you we belong to the cloud. Oh did I say it wrong? I meant crowd! No! I think I was right. 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That is why software companies are working to build platforms that sync various tools and systems in more useful ways.' I couldn't agree with it more. At Business Tech Summit 2017 held last month, prominent industry leaders were stressing the importance of software automation and its impact on the BPO industry. Among many discussions related to the role of technology played in the BPO's success, one thing was pretty clear - Technology is the precursor and enabler to BPO industry's growth. Faster data accessibility and ready-to-use cloud apps will not only bolster your productivity output but also add that last mile of effort that can help you take your business to the next level. 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Because of this, the SaaS owners have started prioritizing UI more than ever. White labeling is becoming more of a SaaS thing than customization. It comes with a click of a button. Better UX leads to higher productivity. How? If you are a planner, UX is everything for you. Practicality along with beauty is what planners need right now. Ana, director of another travel agency based in New Delhi, muses how she is able to create value for her clients using a cloud-based software. Testimonial 4 - It has been amazing... My clients are planners... travel nerds... they love to see the itinerary on the cloud-based app we use... They also start getting inquisitive, and actually provide valuable feedback through it "When did Mark leave for New Delhi? Looks like India Gate is much fun, is that included in your package?" They love to see the price of every travel pack right there, in their hands. They can see everything. Increased Data Visibility Leads To A Whole New Way Of Running Business If you have been doing cloud ERP the right way, the end result is increased visibility - real-time or close to it. I had a marketer friend working at a finance firm, who migrated from traditional on-premise ERP to Cloud ERP. Here is a snippet of the chat we had in detail when I probed further - cloud erp small business, crm software for small business, google website builder for small business, hr software for small business, best accounting system for small business, best accounting software for small business, how to start a small online business, best app for small business accounting, online business malaysia starting start small, free pos software for small business, data protection policy template for small business, most popular accounting software for small business malaysia, small business bookkeeping software, accounting system for small business, free customer database software for small business, free accounting software download for small business in excel, small business email hosting, small business inventory software, free invoicing software for small business, small business payroll software free, customer management system for small business, free crm software for small business, start a small business online, marketing automation software for small business, best accounting software for small business malaysia, free accounting software for small business malaysia, best website design companies for small business, free order management software for small business, crm for small business, quotation software for small business, marketing plan sample for small business, journal of small business management, best free remote access software for small business, free small business accounting software download, small business order management software, accounting software for small business malaysia, billing software for small business, how to start a small trading business, erp software for small business, best invoicing software for small business, hr management for small business, loyalty card system for small business, how to start your own small business, best crm software for small business, cash register software for small business, how to gain capital for a small business, accounting for small business owners, benefits of email marketing for small businesses, database software for small business, small business accounting software, small business management, , Testimonial 5 - I will be very direct. Our finance team has expressed some level of comfort with the recent migration. They crib less and work more. They get so involved in building custom reports & dashboards that lunch is no more a pass time. I am looking for new work friends now. On a whole, I think cloud ERP business is going the right way. Let's wait until the end of 2017 and see what most small and medium businesses are using. If you liked this write up, go ahead and give Orgzit a try. People have said a lot of nice things about it. You might too.

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