Enterprise Resource Planning (ERP) is a platform that combines accounting, supply chain management, customer relations management and core HR features all together in single software. ERP systems come in numerous forms and it is quintessential to get the best software to assist your business to accomplish set goals, and simultaneously optimize processes and systems.
The success of ERP system implementation is important because it features end-to-end impact on corporate operations and systems. In today’s business panorama, no business is too small for an ERP solution. ERP for small business enables small businesses appear, operate and act like an enterprise-scale business. Small business ERP applications differ in a number of ways including the amount of data handled by the system and less-complicated screens and dashboards.
What are the Essential Features of ERP Software for Small Business?
ERP software for small business assists in the management of your accounts and allows your business to thrive. When ERP solutions encompass maximum features and benefits, they bring enhancement in all business processes and functions. So what should be the primary features in your small business ERP? Well, you must consider the following features:
- Lead Management
Most of the businesses spend a lot of their time and finances generating leads. Therefore, all these leads should be managed wisely and ERP software for small business comprises of distinct mechanisms that helps manage all leads in a single place.
- Inventory Management
Inventory is considered as a fundamental staging area in most of the businesses, but there must be a continuity to operate a company smoothly. Inventory management can be achieved using ERP for small business and an organized inventory allows business owners to find various items needed at any particular time.
Cloud based ERP system enables you to have access to all business accounts from virtually anywhere right at your convenience. If your small business ERP software can be accessed only on premise, it gets quite challenging to work comfortably in the same manner as you would when you have option to use virtual locations.
- Continuous Updates
The best types of ERP systems are automated to check everything for you and offer real-time updates, thus making procurement and management quite easy to handle. With real-time updates, you can take all the necessary actions right away enhancing the efficiency of your business.
- User Interface
Now this is one of the most important considerations. If you are unable to navigate the system with all the essential features, it becomes inefficient for business management and its operations. When looking for the best ERP software for small business user interface, determine its configurations, responsiveness and intuitiveness.
Choose the Best ERP Software for Small Business
- Assessment: Analyze Business Process and Unravel all Weak Points
A functional type of ERP system evaluates all business processes and identifies all weak points in real time. It needs to be efficient to improve security simultaneously stopping cases of hacking, if any. Moreover, the entire analysis delivers reports about all the activities and transactions that take place within the system. So when you know what exactly you want, and putting all the essential features into consideration, you are all set to get the perfect ERP software for small business.
- Choice of Platform: On-premise, Hybrid or Cloud
The type of ERP software you choose depends on your business needs and size. However, small business ERP cloud solutions are more affordable when compared to the on premise systems. But the on premise system is ideal for businesses that do not prefer to sync their important business data like the supplier information and product pricing. Moreover, a hybrid ERP system is the best of all. It is a multi-sourced application environment functional for the digital, modern and networked enterprises. It serves as the primary foundation for analytics, real-time reporting, and high-speed transactions. Hybrid ERP system is hosted both on premise and in the cloud.
- Integration and Customization
Two-tier ERP strategy is a viable option for integration and this strategy enables the parent company continue its different on-premises types of ERP systems. It is always advisable to choose ERP solutions that are customizable on the nature of your business instead of getting standard small business ERP software for all businesses. Software specifically designed for your business will help you deal with your business quickly and efficiently. User-friendly ERP solution enables you utilize them efficaciously. For instance, using ebizframe ERP software will enable you to achieve integration of different business processes across multiple business functions in your organization, which further enhances speed and accuracy of your business transactions.
- Transform your Business with 3S (Security, Scalability and Speed Features)
Business needs increase with expansion in its operations. Therefore, having ERP software for small business that has the flexibility to adapt and perform well with the expansion of business is necessary for the performance of your business. Moreover, the system should be user-friendly to ensure that clients and staff find the data that they need in real-time.
Scalability and speed does not matter if there are no security features. ERP user trace ability is the most fundamental security feature in an ERP Software. Your system should be able to track all user logins and logouts, transactions, and other activities that take place in every session.
- Implementation Cost of ERP
Choices vary from single license to subscription SaaS products that feature various price ranges. ERP software for small business can range from a few dollars per month per user to many thousands of dollars for large enterprises. Simply put, the cost of implementation depends on the features that your business needs.
Within a small organization, employees wear multiple hats. Who has the time to manually process multiple spreadsheets and separate tones of data? Here, ERP software for small business is able to blend and automate key business functionalities like order processing, finances and production. Moreover, implementing a small business ERP necessitates careful planning so as to minimize the risk of failure and to make sure that the goals are met. For instance, ebizframe ERP Software can help you ensure that all your employees are involved in productive work rather than doing duplicate data entries. So choose your small business ERP software now!