Why Small Business Owners Are Turning to ERPs

Why Small Business Owners Are Turning to ERPs
  • Opening Intro -

    As a small business owner, you have to wear a lot of hats while managing your company.

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You have to oversee manufacturing to make sure you produce top quality products, keep track of all of your financial records, manage the hiring and paying of employees, keep your supply chain moving swiftly and accurately, and maintain accurate inventory counts. It’s tough to run an organization efficiently without an Enterprise Resource Planning (ERP)! There are multiple ways ERP can help you keep everything under control.

An ERP tool can monitor materials, finances, and information as they move through the supply chain. With computerized backup, you can improve product flow, information flow, and financial flow, which can help you distribute your inventory quickly and satisfy your customers. During the manufacturing of your product, real-time access to data allows you to improve the design of your product and tighten up your scheduling.

This software can also help you optimize your cash streams, because ERP systems handle your accounts payable and receivable, your general ledger, your fixed assets, and your financial reporting. The human capital management portion of your system can keep track of payroll, benefits, personnel actions, and compliance. It can also help you with recruitment, managing talent, and figuring out proper compensation.

While the initial set up of an ERP may seem costly, the benefits greatly outweigh the expense. For additional information on running a more efficient company, take a look at this infographic.

ERP Infographic from AlfaPeople

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