Can you sustainably manage the growth of your organisation?
As your business expands, it becomes imperative that you need to manage your administrative, sales, and customer service effectively.
When a company is still in its infancy, you can leverage growth with internal processes such as spreadsheets, CRM or accounting software.
But as your company expands, using multiple applications can cause various problems that you hadn’t thought of before. So, what’s the solution?
An ERP software centralises all aspects of business operations within one efficient system. It automates your business processes and improves the information flow across the company.
Growing pains? It is time to invest in an Enterprise Resource Planning (ERP) software – and here are five signs you are long overdue.
1. Your Software Systems are Not Connected (and Not Cheap Either)
If you have been using several different systems to manage distinct operations and departments, chances are the software won’t be able to communicate and share information. It is a common problem in growing enterprises.
To add to this problem, using multiple software becomes costly and cumbersome, including software licence renewals, hardware upgrades, additional IT support and staff.
To manage growth, your business needs to operate efficiently as a single entity. Data must be easily accessed, shared and updated throughout your organisation.
The solution? Eliminate data silos, centralise data, and increase transparency and communication by investing in ERP software. What is more, ERP software also reduces your overall IT costs.
2. Your Customers are Not Happy
Managing stock is critical to minimise unfulfilled orders and keep customers happy. It can be challenging to handle stock and fulfill client orders when your business is growing at a rapid pace.
To make it even more difficult, your sales operations, customer service, and inventory management departments may be using different software.
The solution? Your business needs an integrated ERP platform that can streamline these functionalities and ensure customers receive their orders on schedule.
3. Your Financial Department is Not in the Loop
Business growth translates into an increase in financial transactions across the organisation. Can your business successfully handle all those transactions? Furthermore, does your management team have complete visibility over each transaction?
Accounting and bookkeeping usually represent a stand-alone system that can only be managed by the finance department. To be more effective and transparent, and avoid time-consuming data entry, your financial system needs to communicate with other operational departments.
The solution? With a fully integrated ERP system, your finance team will automatically receive regular financial updates from company-wide departments, as well as engage in cross-organisational reporting.
4. Your Business Intelligence System isn’t Smart Enough
Can you easily collect and analyse information on your business? If not, how are you going to manage even more data and make better-informed decisions?
Your business needs to provide for data complexity and growth with a system that centralises information in one place, gathers and acts on that information.
The Solution? An ERP system includes reporting and dashboarding functionality, making it simpler for your teams to analyse information and make well-informed decisions accordingly.
5. Your System is Not Mobile
Can you access your organisation’s information even when working remotely, on all connected devices? Your business needs to have access to up-to-date information for critical decision-making and faster speed of operations.
Having access to up-to-date and real-time data, even for mobile staff when working remotely, is a definite advantage. Consider going mobile to cover the mobility aspect of your business.
The Solution? ERP software can provide the mobile functionality your organisation needs. Teams can access software on-the-go, as needed, when needed, and drive your business from anywhere, on any connected device.
Transform your business with an enhanced, quick to implement, flexible and user-friendly ERP solution.
