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Best ERP Solution for a Medium to Small Sized Business

Best ERP Software Solution for a Medium to Small Sized Business

In the age that we live in, the number of businesses and start-ups are increasing every day. But with this increase of businesses, the rules and regulations for running a business properly are increasing as well. And let’s not forget the hefty task of managing the business too. When it comes to medium to small-sized businesses, the hardest part of it is the managing section. Managing a business properly is no joke and managing a business in such a way that it does not let down your current customers as well as allows your company to grow is an even harder task. That is where an ERP solution comes to save the day. An ERP solution is ranked among the best and most comprehensive data management solutions all around the world. ERP serves as an all-in-one solution as it can handle tasks such as data analysis, tracking, automation, etc. which help you in managing your business in a better way. 

Is ever ERP solution different?

ERP solutions have their own working capacities and are usually integrated targeting a certain set of businesses rather than being made as a solution that can handle any business. This makes every ERP system different and the services that each ERP solution will be different as well. Not only just the ERP solution but many aspects of your business influence the choice of the ERP for your business as well. Some of the aspects of your business that you have to take into consideration are:

  1. The amount of data that your business needs to get processed every day for you to make a better work plan off of it. Getting an ERP that is integrated for serving a globally scaled business for your beginning business would be just a waste of money as your business has no use for it. 

  2. The number of departments that are in your business. A starting or small enterprise does not have a lot of departments at the start but a large enterprise does. So make sure that you get an ERP that is integrated to serve a business at your level.

  3. The number of services that you need. Many ERP solution providers offer many additional features and charge extra for them. Though their features are often good and helpful, make sure to check whether or not your business needs them. 

If you want an ERP that can handle your medium to small-sized business in the best way possible, then Odoo ERP is the best solution for you. 

Features in an ERP:

Features in an ERP Now that we have covered what conditions of your business you need to keep in mind while choosing an apt ERP for your business. Let’s move on to the list of Features that every ERP solution must have to serve your medium to small-sized business properly:

1. Syncing:

No matter how good an ERP solution might be, if it is used to integrate and sync itself in your business, then it is as good as not being there in the first place. If an ERP has a set of applications that are built to work and co-operate with each other, then that ERP solution might be the best bet for you. 

There are many applications in an ERP solution and most of them are very good at working on their own. But an ERP solution is supposed to help the whole business and streamline it. And streamlining a single aspect of your business while making the other one even more complicated will do you no good. 

So, when you choose an ERP for your business, make sure to get an ERP solution that consists of applications that work alongside as well as with each other in a fluent manner. This will greatly increase the productivity and the efficiency of your business.

2. Automation:

The most common feature that ERP solutions are famous for providing is automation. Automation is the process by which your ERP solution analyzes all the work processes of your business and then decides which of them require manual labor and which ones do not. 

Then the ERP solution asks for your consent and provides you with that data. The ERP solution even suggests better solutions, with the help of which you can automate the work processes that do not require manual labor. 

Automating such work processes in your business will create an increase in efficiency, decrease in the cost of manual labor, decrease in human mistakes, increase in productivity, and hence, an increase in your business’ profit percentage. 

3. Analysis:
In a business, the best way to increase its efficiency and productivity is by reviewing its previous working data and then refining it to produce proper results with which you can create a new and better workplace for your business. 

But collecting all the data of your business and then refining it is quite a hard task. That’s where an ERP solution comes into play as it provides you with all the collected data of your business as well as the best suggestion for forming a new business plan while keeping all the rules and regulations in check. 

Analysis of the work of your business plays a very big part in making it better and for it yielding more profits for you. The analysis provides you with the basic needs that you need to fulfill in order to make your business the best among its competition. 

4. Tracking:

Tracking is one of the key selling points of an ERP solution. Tracking is the ability of an ERP solution that provides you with the physical locations of all the goods that are entering and leaving your manufacturing plant or warehouse. 

The tracking feature not only helps you in managing your business better but also in improving the HRM section of your business. As with the tracking feature, you can tell your worried customers about the exact location of their product as well as what is causing the delay in its delivery.

The tracking feature also helps you in making quick decisions in real-time. This increases the chances of your business suffering minimal loss and yielding maximum profit. 

If you want to know more about how an ERP solution and how you can choose the best one for you, contact our team at Inspire Networks. 

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