Business world has changed a lot in the last few decades. ERP software manages the process of business in an effective way. Small and mid-sized business can use ERP software to run their business more effectively. An ERP system is an important tool for any small business as it helps you make informed decisions. Choosing the right ERP software is not an easy task. So how do you select the right ERP software for small business? This blog will help you answer this question. Here are the steps that you can follow to select the right ERP software for your business.
Understand why you need an ERP?
Most of the small businesses fail as they never get an integrated software for their business. They try to manage their entire business with a combination of several tools and software. This is the main reason why they fail. And this is where ERP comes in. An ERP integrates all your functional areas to perform in sync with each other. It is important to identify the reasons you wish to move from your legacy software to an ERP system as it will help you direct your search for an ideal ERP. Reasons for requiring an ERP may include:
- Better information and MIS reporting for decision making
- Improved security leading to integrity of data
- Better planning of resources and optimizing operations
Sourcing options for ERP Software
The best ERP Software for small business is the one that has all the features that you need at an affordable price. There are a number of options to choose from when you begin to look for an Enterprise Resource Planning (ERP) Software. To help you decide the best course of action, here are some sources that you can use to source suitable ERP options:
- Check what ERP software are used by your peers and competitors
- Check if there are specific ERP solutions for your industry
- Ask for recommendations from your CA, Process Consultant or Internal Auditors
- Ask for recommendations from your industry associations
- Take help from a professional ERP Consultant
Evaluate and compare multiple ERP software using a detailed checklist
Evaluating an ERP software can be overwhelming, difficult and time-consuming process. The good news is that you can simplify the process by following a standardized checklist to evaluate, compare and select the right ERP software for your company. At Tienmo we realized this pain-point of SMEs and curates a detailed yet simple checklist to follow while evaluation and comparison of ERP Software options. You can get a copy of the ERP Evaluation Checklist here.
Conclude and select the ERP software based on your needs
Selecting and ERP for your company is more like a marrying to a life partner. It is important that your needs and the offering of the ERP company meet to a great extent. No ERP software will ever be able to fulfil 100% of your requirements. The key is to ensure a cultural and operational match.
As someone with more than 15 years of expertise in helping clients with their ERP needs, we always recommend software that has solid technological backing, international support, easy availability of trained staff and flexibility to meet needs of almost every industry. That is why we recommend SAP Business One as one of the best options available to small and medium sized companies. It has the technological advantage of SAP and a large network of channel partners for support.
One of the most prominent channel partners of SAP Business One that we recommend to our clients is Leaping Frog Consulting Pvt. Ltd. They are the most professional and prominent SAP Business One channel partners to work with.