Additional benefits vary depending on the exact nature of your work, your industry, and projected growth.

The primary benefit of implementing an ERP at your company is the ability to streamline many separate business functions into one solution. Measure key performance indicators (KPIs) like income (Accounts Receivable) and expenses (Accounts Payable), top performing products, or open orders over a set period of time. Manage the flow of goods and services from raw material acquisition to delivery of the finished product to the customer. Manage customer contact info, order histories, invoices, and quotes. Keep up-to-date stock records to avoid running out of items or buying items unnecessarily. Record information on items you build, store, buy, or sell. Track income and expenses through recorded transactions and account structures in order to forecast profit and loss. Self-service HR functionalities allow employees to request time off or view their attendance record. Small Business ERP Software Features FeatureĪutomate payroll processing, track time and attendance, and manage employee records like performance reviews, payroll benefits, and scheduling. For smaller businesses and startups, it’s important to only choose the modules you really need to cut down on costs - you can always add more later on as your business grows. Both small and midsize companies can benefit from using one ERP software solution to cover a variety of business operations.ĮRP systems typically include customizable modules you can choose from based on your company’s specific needs. Software streamlines your work across multiple areas, from back office accounting to front-end customer support. What Type of ERP Does Your Business Need?Įnterprise resource planning ( ERP software) specifically built for small businesses gives your company an affordable, easy-to-use, and secure way to manage business processes, financials, and sales in real-time.

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