Enterprise Resource Planning systems gathers important information around the office and stores it to once place, giving everyone in the company access to these files. It would be impossible for a large sized business to run their operation without the help of an ERP. Small to mid-sized business’ could possibly get away with a simple accounting software, however it will not be as efficient as an ERP software. Many companies will try to make their accounting software’s last as long as they can to avoid the anguish of changing their entire software. The bigger your business grows the more complex it becomes to manage. If you attempt to push your systems to it’s maximum limit you can cause a catastrophic disaster within your company.
Free Up Employee Time
When first implementing a new software, there will of course be a few obstacles that you must face. However, once these obstacles are tackled the result is a more stable platform to grow on. Accountants and finance employees can be reassigned to be more helpful and interactive within the company. With an ERP, employees are freeing up their time by receiving less calls requesting information.
Your IT department will feel much relief as their jobs have just become hassle free. The single database for an ERP systems will be a lot easier to operate, communicate and maintain than the many distributed spreadsheets on top of the overstretched accounting system.
No More Scattered Documents
Accounting software’s are mainly great at keeping track of money coming in and going out and nothing much more. Where these software’s stop, is typically were people would begin using spreadsheets to compensate for financial management. Many spreadsheets require data from other databases. By connecting financial data with customer and product data, it provides much more depth and content that is extremely important in ongoing financial reporting. Determining the true cost of business operations is hard as it is. Having information scattered among different applications means that each database needs to be joined to produce meaningful reporting. A single ERP data software can store all of this information in one location.
More than Just Numbers
When you install an ERP system to replace your existing accounting software, your business avoids all problems and paves the way for your business to grow. The major issue with relying on small accounting software’s and distributed spreadsheets for financial management is that your small business is missing out on the opportunities to increase productivity. A single ERP software will highly reduce complexity and it will also provide a single data store that holds all of your key financial information.
Good reporting leads to a healthy growing business. Senior management needs summarized views of such data to help guide the company. The data that is contained inside of an ERP software is way too important to be locked away where using this data to manage operations is critical to the growth of the business.
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