3 Reasons SMEs need Cloud-based ERP Management Systems
There are many reasons why SMEs may want to use ERP management systems, whether they’re a sales company looking for a seamlessly integrated CRM or they’re a restaurant looking for a SaaS-based restaurant management system. Here, we go over 3 reasons why SMEs may want to invest in cloud-based ERP solutions.
1. Centralize your data
ERP systems are seamlessly integrated, centralizing all of your SME’s data in one huge repository which can be accessed whenever it is convenient for you. You will no longer be storing your data on disparate systems, with one system for financials, another for HR, and another for sales – no, you can find all the information you need (and more) in one centralized location.
Asides from being incredibly convenient for your staff when they need to access varied data, this can also help to reduce the likelihood of data errors occurring, and can help to increase communication and transparency among different departments of a company.
2. Stay relevant
Adapt or die, as they say. If you’re looking to for a management system which is going to help your company stay ahead of the curve, then cloud-based ERP management systems are your friend. These ERP solutions are no longer reserved solely for multinational enterprises – they are commonly being used by SMEs to increase their productivity, streamline their workflows, and hence save money.
If you’re running a restaurant, for example, and you find that you’re wasting more stock than the competing restaurants in your neighbourhood, it might be that they’re using SaaS-based restaurant management systems which allow them to better track and measure their stock flow.
Alas, sometimes you just need to bite the bullet and get with the times if you don’t want to fall behind the competition. If you’re using disparate legacy data systems while your competitors are using seamlessly integrated ERP solutions, you’re going to fall behind sooner or later.
3. Reduce bottlenecks
The owners of SMEs are undoubtedly familiar with the term “bottlenecks” – a piece of corporate jargon which business people throw around when talking about things that impede their workflow. Bottlenecks can be a serious problem for your SME’s productivity, whether it’s a delay for your current data management system to update or the inaccuracy on employees manually entering data across various systems, leaving them prone to error.
However, with modern ERP management systems, SMEs can reduce these bottlenecks and streamline their workflows overall, helping to improve speed and efficiency for the business. As you know, the more efficient and fast that your team is able to work, the more profitable they tend to be. For example, if you’re managing a sales team, giving them access to a cloud-based ERP system will allow them to look up historical data on their leads and customers in real time, enabling them to make sales and influence customers with the data presented by your seamlessly integrated ERP solution.
ERP systems can do a lot to help SMEs get their feet off the ground and get back into the competition. If you’re looking for SaaS-based management solutions that you can trust, get in touch with Arure today!