5 Tips To Choose The Best ERP Software For Small Businesses

Enterprise Resource Planning (ERP) is basically a platform that combines Finance & Accounting, HR, Supply Chain Management, Production, CRM, Production and other functionalities in a single software. But selecting an ERP System for small businesses is one of the most critical decisions you will ever make for your organization. However, choosing the perfect ERP for small business is quite a daunting task. With growing competition in the ERP space in recent years, ERP software vendors have begun making dazzling promises, but often; these promises turn out to be hollow.

ERP Software come with various features and capabilities and hence, it is very important to get the best ERP Software to assist your business in order to achieve set goals, and simultaneously optimise business processes and systems. Only when a “Best-Fit” ERP System implemented in an enterprise does the enterprise derive maximum features and benefits and get enhancement to all their business processes and functions. Hence, you must consider the following features whilst choosing the Best ERP Software for Small Businesses:

Inventory Management

For a majority of the businesses, inventory is one of the most critical components which needs to be managed smoothly for the overall success of the business. Inventory Management can be made more efficient by using a versatile ERP system for small businesses. Moreover, an efficiently managed inventory not only improves an organization's cash-flows but also increases customer satisfaction by ensuring on-time order fulfilment.

Accessibility

With the help of a web-enabled ERP System, you can easily access all business operations virtually from anywhere and at your convenience. For personnel constantly on the move, it gets quite challenging to function if the ERP software can be accessed only On-Premise. Moreover, Next Generation ERP Solutions like ebizframe come with their own mobile app which makes the accessibility of the ERP even more convenient. These features enable users to monitor their business from anywhere, anytime.

Lead Management

Most businesses spend a lot of time and money generating business leads. Therefore, it is imperative to manage these leads efficaciously. ERP for small businesses come with unique processes that can manage all leads in a single place. An effective ERP system ensures that the time and money spent on lead generation is utilized efficiently and in a cost-effective manner.

Configuration and Integration

No matter what industry or business you deal in, chances are that your enterprise automation needs do not remain the same over time. Therefore, you need an ERP software that can easily adapt and adjust to your changing needs while still providing significant value. Hence, an ERP Software that can be quickly configured and that integrates seamlessly with your business processes is a must for achieving that.

Local, Cloud or Hybrid

Another important aspect to be considered whilst evaluating an ERP System for small businesses is deciding the kind of deployment platform you need. You have the option to choose between an On-Premise, Public Cloud or Private Cloud model of deployment. Each comes with their own advantages and disadvantages. For instance, On-Premise installations usually require high upfront investment.  On the contrary, On-Cloud deployments require careful integration evaluation and compatibility testing before data migration. Also, some business owners are more comfortable with having their business data On-Premise rather than being On-Cloud.

Conclusion

Every business has its own unique needs, and there is no “One-Size-Fits-All” Solution. This is the reason, more and more small businesses are turning to Enterprise Resource Planning solutions in order to automate and integrate all their processes and data into a single system. For instance, ebizframe ERP software helps you ensure that your employees devote more time in doing productive work instead of doing duplicate data entries, and correcting the wrong entries entered by different departments. Therefore, when you are evaluating the Best ERP Software for Small Businesses, make sure that you have the right software fit for your organization which serves your enterprise for many years to come.