Proficient Market Insights predicts that by 2028, the global ERP market value will reach $42.6 million. That’s 49.5% growth over 2021 due to the expected performance of some of the top ERP software companies.
Improving business performance through increased efficiencies isn’t a challenge for large corporations only. That’s why small business ERP software solutions exist. You deserve an opportunity to take your small business to the next level above your competition.
If you’re questioning, “What is ERP software?” and don’t know where to start in finding a solution, this article’s for you.
Read on to learn about ERP software for small business owners. And find out how to get started implementing ERP software systems.
What Is ERP?
Enterprise resource planning (ERP) is the process of integrating various business processes into a single solution. With ERP software, you can combine independent operating systems for a better flow of communication. ERP software systems help to create synergy between functional business areas like sales and purchasing.
There are several types of ERP implementation models to choose from for your small business. Here’s the best way to move toward finding the right ERP software system for your business.
Identify Your Business Needs
ERP software solutions offer numerous modules to fit your business model. But if your concerns center around financial or service management, you may find no need for an ERP manufacturing software solution. Analyze your business operations and what’s keeping you from meeting your key performance indicators.
It’s also wise to solicit feedback from other small business owners who have implemented an ERP system. Then choose ERP software for small business owners that help you meet your goals and objectives.
Enlist a Project Manager
Don’t underestimate the effort required for a successful ERP software implementation. You need someone to manage all the moving pieces to keep the project on track. Make sure it’s someone experienced with the implementation process and who has the communication skills to collaborate with the different roles and responsibilities.
Select and Migrate Data
Now that you know what and who you need, it’s time to find the right software. ERP is not a one size fits all solution, so you need to consult an expert to narrow down your options. But once the selection is made, start migrating company data into your new ERP system.
Implement and Test
With your data migrated, you can now implement your selected solution. Make sure the software vendor configures the system according to your business needs. Then test your new ERP software system to ensure its performance meets your expectations.
Follow these tips to get started with your ERP software selection, and you’ll be ready to go live. And as your business grows, you may find a reason to upgrade your ERP system. Have a look at options for improved performance and productivity.
ERP Software for Small Business Owners
Before you set out on your hunt for the best ERP software, analyze the needs of your business. Look for efficiency gaps caused by time-consuming manual processes. Ask your network for recommendations on the best ERP software for small business owners.
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