Implementing an ERP solution is something you’ve probably considered at some point for your business. It’s a smart, strategic investment – and a good one doesn’t come cheaply or easily. But the advantages of investing in the right ERP solution at the right time can be invaluable, perfectly positioning your business for growth and expansion.
Your business doesn’t need to be in distress to warrant an ERP solution. Quite the opposite, most businesses are doing well when they choose to switch because even though they’re growing, with an ERP platform in place, they could be growing even faster.
So how do you know when you’re ready to be considering an ERP solution for your business? By working with a number of businesses around Australia and New Zealand, I’ve noticed these tell-tale clues that signal that a business is ready to benefit from ERP software.
I’m sharing three of them in this blog:
- You’re not able to get the business data you need quickly and easy.
Either your current systems aren’t tracking the information you need, the data is inaccurate, or difficult to extract. By not being able to access the right information at the right time, such as stock on hand, or monthly sales performance, you have little or no ability to get the business-critical data you need to forecast and plan strategically.
With the right ERP solution, you can get a holistic view of business operations at any time to help you plan more effectively for the future. Other members of your staff will also have access to the information they need to better serve customers and make more sales. For example, with an ERP your sales team will have access to a customer’s full order history, and be able to proactively find more opportunities for upselling and cross-selling other products in your range.
- Your current systems don’t support more complex activities.
You constantly find that your current systems are incapable of handling more complex tasks – such as forecasting, generating purchase orders, KPI generation, or import costing. Your team is having to repeatedly carry out this tasks manually, or find and master new tools to help them complete these activities – wasting valuable time, energy, and resources. Overall, your current system can no longer support vital business activities and is negatively impacting your growth.
An ERP solution integrates your business processes into one platform. So if it’s taking your staff ages to find, consolidate, and analyse information to perform more complex tasks – it’s already simpler if all the information is in one database. What’s more, the right ERP solution should be able to crunch the numbers and automate these processes for you – saving your staff time, but also providing you with more accurate outputs.
- You lack the resources to handle what your current system can’t.
Many businesses try to avoid implementing an ERP solution by hiring more staff or installing additional add-on systems when they need new functionality. Eventually, this approach is guaranteed to result in more pain than gain.
Constantly hiring and training additional staff to do work that is best left to software will eventually lead to low staff morale and high staff turnover. Resulting in even higher HR costs to your business. Installing smaller, add-on systems to alleviate some of the growing pains is also a short term solution. Eventually the IT costs of integrating and maintaining these systems will catch up with you. And you’ll also have to invest in training staff to use multiple different systems.
Rather than adding more staff and software to an already ineffective system – you’re better off considering an ERP solution that can be customised to grow with your business.
If you’re experiencing these challenges in your business, it might be time to consider an ERP solution. If you’re looking for something that’s customisable, powerful, yet user-friendly – consider HARMONiQ.
HARMONiQ Business Tuning Software is an all-in-one ERP solution that includes financials, inventory, sales, marketing, and more.
- With advanced reporting functionality, HARMONiQ can easily generate the data you need for forecasting, KPI generation, and more.
- HARMONiQ is built with a beautifully designed interface that’s user-friendly. Empower your staff with all the tools they need to grow your business and better serve your customers, including workflow automation, targeted marketing, and built-in customer relationship management software.
- Business growth is not an issue. HARMONiQ is built for the long-term, so you can add to and customise your platform as you grow.
To see all this in action, book in a demo. We’ll take you through a customised demo, showing you exactly what HARMONiQ could achieve for your business. Click here to tell us what you’d like to see more of.
Drew Arthur is the Managing Director of Micronet Systems and is focused on helping business leaders overcome inefficient sales, inventory, and customer relationship management practices by leveraging cutting edge technology. If you want to gain better control of the sales processes in your business, click here to organise a demo to see how HARMONiQ Business Tuning Software can make a difference to your business.