Features of an ERP Solution that Small Businesses Need

Jonathan Pollard
Aug 8, 2017 · 3 min read

Enterprise Resource Planning (ERP) is essential for almost all the businesses today, be it small or medium. All that varies is the requirement of a particular organization. The size of your organization, industry in which your business belongs, along with many other factors decide the features you need in the ERP solution. If you own a small business, this article will help highlight the features you require in your ERP solution.

ERP, if picked wisely, can make the business processes more efficient and effective. The management process of the company will become smoother with the integration of ERP. It also helps in easy monitoring of all the processes. The time and energy which is saved due to the integration of ERP can be utilized in the mainstream processes of the business.

The features mentioned below can help you choose the best ERP solution which suits your business needs. Let us have a look at the features of an ERP solution needed by small businesses:

Available on Cloud:

The software of your ERP should preferably be cloud based. The data stored in cloud based software is less prone to security breaches compared to the conventional accounting software. It also gives faster real time access along with automatic data backup option. Unlike conventional software, you do not need huge servers to manage the cloud based ERP. The operations can be performed more easily on this ERP, thus saving your precious time and energy. One example of such operations can be easy and fast reporting (which is Cloud based). So, if you are choosing a cloud based ERP for small business, you are definitely going for a hassle-free option.

Cost effective:

There are various options available with variable costing; you are advised to choose the one which is suitable as well as affordable for your organization. Generally, cloud based ERP is the best for small businesses as they come at minimal investment costs. Also, it needs very less time for implementation.

Mobility:

Small businesses require an ERP which can work equally well on different devices like laptops, desktops, and mobile phones. So, choose an ERP which is customized to be operated in any of these devices. The Cloud based ERP requires only steady internet connection to work, so it can be accessed from varying locations and from different types of devices. Also, in case you have to move your business to a new location, an ERP which provides mobility is a better option.

Flexibility:

ERP which is more flexible can work well for a small business. An ERP which offers many different packages like financial management, distribution management, client management, and accounting (ranging from project accounting to intercompany accounting) is the better option to go with. If you choose such an ERP, you have the option of adding more options to your packages as per the need and the growth of your business.

When it comes to ERP, check the features available, how well-optimized it is for different devices, and how well-suited it is to your organizational needs before buying one.

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