30 million small businesses operate in the United States. Of them, several will graduate into being enterprise-level corporations. When that happens, what should take place within those companies to ensure they scale well?
That’s a big question and one that answering fully goes outside the scope of this post. One key factor that growing organizations will want to think about though is investments in enterprise resource planning (ERP).
If you’ve never heard of ERP but are wondering how you’re going to manage your company’s rapid growth, keep reading. In this post, we break down the basics of planning that’ll help you start framing your business processes successfully.
What Is Enterprise Resource Planning?
To kick off our enterprise resource planning guide, let’s start with a definition. ERP refers to processes/business software that is used to aggregate data popping up across multiple departments. The end goal is to gain visibility into everything that’s going on.
For example, with the help of an ERP tool, a business owner would be able to see the productivity of his/her accounting department, manufacturing department, marketing department, and more, all in one place.
That easy access to metrics can do wonders for unlocking a business’ potential.
Why Is ERP Important?
When you’re a small business owner, you can get away with self-organizing data points. As you get larger, that process becomes more complicated.
If you’re at a point where self-logging data into huge Excel spreadsheets is turning into a hindrance, ERP tools can save you that headache. They’ll integrate with each team’s respective workflows and automatically log information.
Auto-logging. Automatic data insights… These benefits and more lead to business owners being able to discover problems and improve.
Who Is ERP Good For?
Business software that helps teams resource plan is good for any business of any size. Granted, software licenses attached to many of the best programs, given their streamlining of things like XSOL modeling, data aggregation, and more, can be cost-prohibitive.
Therefore, we recommend exploring software if you’re having trouble managing interdepartmental communication. You’ll also want to look into it if you’re tracking non-sustainable data sets via software that demands manual inputs.
Is ERP Worth an Investment Today?
On the fence about whether ERP makes sense? The best advice we can give you is to contact a consultant or software salesperson. They can assess your unique situation and give you an honest recommendation.
Software salespeople are generally honest about who their products work for. Even better, they’ll consult with you free of charge.
ERP Can Take Your Successful Business Further
Several successful companies find it hard to make investments in workflow changing software. After all, they’re already experiencing success. Why change something that’s working?
Here’s our perspective on that… Successful businesses stand to expand their success tenfold with enterprise resource planning. Does that sound good to you? If it does, talk to sales support that manages software you’re interested in and see what they have to offer!
Curious to learn more? Our team welcomes you to explore the newest content we have available on our blog.