It’s taking longer and longer to reconcile financials at the end of the month. Your sales forecasts are based more on guesswork than solid figures. Your business is having trouble keeping up with its order volume and customer satisfaction is faltering as a result. You have no idea how much inventory you have in your warehouse, and it’s a pain to find out. If this sounds like your business—or close to it—then it may be time to consider an ERP system.
Because every company is unique, there’s no single indicator that says, “You need ERP now!” However, the companies that would benefit most from ERP software often face similar problems and frustrations. Is your business facing some of these same issues? Read on to discover the top five signs that your company is ready for ERP.
#1: You Have Lots of Different Software for Different Processes
Spend a few minutes thinking about how employees at your company record, track and process information. Do accounting staff use one system for receivables and payables, and sales use another to enter in customer orders? Is the process of taking those orders and getting them fulfilled and into accounting a time-sucking manual process? Do employees in your warehouse use a completely different solution to track shipping and receiving?
When various front- and back-end systems run separately, it can wreak havoc on the processes that are meant to ensure your company is running smoothly. Without accurate data from sales, inventory management may suffer, while not having the latest information from accounting can trigger a ripple effect on everything from marketing budgets to payroll.
ERP software integrates these systems so that every business function relies on a single database. With one source of information that contains accurate, real-time data, an ERP solution breaks up information logjams, helps staff make better decisions more quickly and frees up their time to work on more high-value exercises like helping the business grow even faster.
#2: You Don’t Have Easy Access to Information About Your Business
If someone asked you what your average sales margin is, how long would it take you to find out? What about other key performance metrics, like orders per day or sales to date? For companies that rely on siloed systems and spreadsheets that need to be constantly updated and reconciled manually, it could be a long wait.
The pace of business is faster than ever before, which means employees across your company need immediate access to key data. With an ERP solution, executives can get a holistic view of business operations at any time, while other staff can get the information they need to do their jobs more effectively. For example, sales representatives should be able to view a customer’s full transaction history and more proactively improve renewal rates while increasing upsell and cross-sell opportunities.
#3: Accounting Takes Longer and Is More Difficult
Often, the first noticeable signs that your company needs ERP software will come from your accounting department. If your employees rely on paper-based invoices and sales orders—and spend hours every week manually entering them into different accounting and sales systems—you need to consider how much time is being wasted on tasks that ERP software can handle in an instant.
The same goes for financial reporting—if it takes ages to consolidate or reconcile financial information across systems and through countless spreadsheets, an ERP solution can make a significant impact. With all financials in a single database, accounting staff won’t have to spend hours cross-posting information, rekeying numbers, or reconciling data manually. Your accounting staff will be more productive, freeing them to deliver critical reports without delays and frustration.
#4: Sales and the Customer Experience Are Suffering
As companies grow, one of their biggest challenges is often inventory management. Ensuring that the right amount of products is in the right location at the right time is a vital part of business operations.
When sales, inventory and customer data are maintained separately, it can create serious problems across your company. If you run out of a popular product, sales will be off until the next shipment arrives. Meanwhile, if a customer calls to inquire about an order and employees can’t track it to see if it’s been shipped—or if it’s even in stock—your company will start to develop a poor reputation for reliability and service.
With an ERP system, on the other hand, staff in every department will have access to the same, up-to-the-minute information. Customer-facing reps should be able to answer customers questions about order and shipping status, payment status, service issues, etc., without having to hang up the phone and check with another department. Better yet, customers should be able to simply go online to their account and view status information. Meanwhile, the warehouse manager can see that stock is getting low and can reorder.
#5: Your IT Is Too Complex and Time-Consuming
One of the biggest downsides of having multiple systems across your business is that IT management can become a nightmare. Customizing these systems, integrating them and maintaining them with patches and upgrades can be complex, costly and sap critical time and resources.
If your patchwork of systems includes on-premise, legacy business software, system upgrades can be more trouble than they’re worth. Not only are these updates expensive and time-consuming, but they may also undo customizations implemented by IT staff. Given that, it’s no surprise that two-thirds of mid-size businesses are running outdated versions of their business software.1
Rather than adding more software—and complexity—to an already ineffective system, ERP technology can give you the agility to respond to changing business needs rapidly. That’s why selecting a cloud-based ERP provider like NetSuite is critical. With NetSuite, system updates are no longer an issue, and new functions are easy to add as your business grows and changes.
To learn more about why a cloud-based ERP provider like NetSuite is ideal for your business, click here.
1 “Why Cloud Computing Matters to Finance,” Ron Gill, CMA, CFM: Strategic Finance, January 2011.
[button url=”https://docs.google.com/forms/d/e/1FAIpQLSd7rzcYetE4NY3WqP-FvLdO1oNkZtl1Rj3PqaST2AIbdFqkBQ/viewform” target=”_blank” color=”green” size=”medium” border=”false” icon=”” btn_content=”TRẮC NGHIỆM – DOANH NGHIỆP ĐÃ SẴN SÀNG LỰA CHỌN ERP”]
53 comments
Crie uma conta gratuita
March 30, 2024 at 10:11 am
Thanks for sharing. I read many of your blog posts, cool, your blog is very good.
Phone Tracker Free
March 31, 2024 at 10:02 am
Obtaining secret information can give you an advantage in business over your competitors, and thanks to technological advancements, wiretapping is easier than ever these days.
Ariana
April 29, 2024 at 6:04 pm
I believe this is one of the such a lot important info for me.
And i’m happy studying your article. But wanna remark on some
normal things, The web site taste is great, the articles is truly great : D.
Good task, cheers
GSA SER penalty avoidance
April 29, 2024 at 6:13 pm
If you locate any problem with it, you need to tell
them that they will certainly repair the trouble.
Also visit my site – GSA SER penalty avoidance
Lorena
April 29, 2024 at 6:18 pm
Es ist wirklich einer der einfachsten und sichersten Wege, um
an kostenlose Bitcoins zu kommen. Die Chivo-Wallet habe sie schon runtergeladen,
erzählt etwa Dora Guerrero, die ein kleines Restaurant betreibt.
valentino by mario valentino alice quilted leather shoulder bag black
April 29, 2024 at 8:34 pm
naturally like your web-site however you need to check the spelling on several of your posts.
Several of them are rife with spelling problems and I find it very bothersome to inform the reality however I will surely come back again.
daftar sv388
April 30, 2024 at 7:09 am
Hello! I know this is kinda off topic but I was wondering if you knew
where I could find a captcha plugin for my comment form?
I’m using the same blog platform as yours and I’m having difficulty finding one?
Thanks a lot!
Katrinna
April 30, 2024 at 12:16 pm
I loved as much as you’ll receive carried out
right here. The sketch is attractive, your authored subject matter
stylish. nonetheless, you command get bought an nervousness over that you
wish be delivering the following. unwell unquestionably come more formerly again since exactly the same nearly
a lot often inside case you shield this increase.
Noella
April 30, 2024 at 12:24 pm
I really like what you guys are usually up too. This sort of clever work
and exposure! Keep up the very good works guys I’ve added you guys to blogroll.
Walt
April 30, 2024 at 12:37 pm
I simply could not go away your site before suggesting that I really enjoyed the usual info an individual supply to your guests?
Is gonna be back ceaselessly to check out new posts
Jannine
April 30, 2024 at 1:11 pm
Yes! Finally someone writes about website.
naga169
April 30, 2024 at 2:39 pm
Pretty! This has been a really wonderful post.
Thank you for providing this information.
daftar slot joker123 deposit pulsa tanpa potongan
April 30, 2024 at 3:59 pm
Your style is really unique compared to other folks I have read stuff from.
Thank you for posting when you have the opportunity, Guess I’ll just book mark this web site.
Nelda
April 30, 2024 at 5:54 pm
Attractive section of content. I just stumbled upon your website and in accession capital to assert that I acquire in fact enjoyed account your
blog posts. Anyway I’ll be subscribing to your feeds and even I achievement you
access consistently rapidly.
Brandalyn
April 30, 2024 at 5:55 pm
Why viewers still make use of to read news papers when in this technological
globe the whole thing is presented on web?
Bernie
April 30, 2024 at 6:13 pm
Wow, that’s what I was seeking for, what a stuff!
present here at this web site, thanks admin of this web
page.
Pieter
April 30, 2024 at 6:16 pm
Wow, amazing weblog structure! How lengthy have you been running a blog for?
you made blogging look easy. The overall glance of your
web site is fantastic, as neatly as the content material!
Tarvis
April 30, 2024 at 6:32 pm
It’s a shame you don’t have a donate button!
I’d without a doubt donate to this outstanding blog! I suppose for now i’ll settle
for book-marking and adding your RSS feed to my Google account.
I look forward to fresh updates and will talk about this website with my Facebook group.
Talk soon!
Korrin
April 30, 2024 at 6:35 pm
Hi terrific website! Does running a blog similar to this require a great deal of work?
I’ve very little expertise in computer programming but I had been hoping
to start my own blog in the near future. Anyways, if you have any recommendations or tips for new blog owners please share.
I understand this is off topic however I just wanted to ask.
Thanks a lot!
Racine
April 30, 2024 at 6:46 pm
These are truly fantastic ideas in about blogging. You have touched
some pleasant things here. Any way keep up wrinting.
winning303
April 30, 2024 at 7:02 pm
Please let me know if you’re looking for a article author
for your site. You have some really good articles and I think I would be a good asset.
If you ever want to take some of the load off, I’d love to write some
material for your blog in exchange for a link back to mine.
Please blast me an e-mail if interested. Thanks!
joker123 deposit pulsa 10rb
April 30, 2024 at 11:11 pm
With havin so much written content do you ever run into any problems of plagorism or copyright violation? My site has
a lot of completely unique content I’ve either created myself or outsourced but it looks like a lot of
it is popping it up all over the internet without my agreement.
Do you know any techniques to help reduce content from being ripped off?
I’d certainly appreciate it.
slot joker123 deposit pulsa tanpa potongan
April 30, 2024 at 11:37 pm
I was recommended this web site by my cousin. I’m not sure whether this post is written by him as nobody else know such detailed about
my problem. You are amazing! Thanks!
free pharmacy sale zoloft
May 1, 2024 at 12:03 am
Before you invest money in any HYIP, assess the approximate life of
HYIP and check the initial preparation made by its HYIP
admin. Those who invest with an HYIP early will make the most
money. You distinctly felt that I was trying to extend out
to make contact and you suddenly started rocking back
and forth further fueling my desire. There’s nothing like a little restraint to help you hold back just enough to get the most out of any experience.
Check out our list of premium HYIPs, and decide which aligns best with your investment goals and level of risk.
Payment options. It would be best if you considered what payment options the
exchange supports. 76331063I am inconsolable:
I opened Venmo to pay back a roommate and I saw a payment he made to
some unknown… On a quiet back street in the red-light district of
Yokohama, a storefront decorated like a metro
station catches your eyes. There are vaginal lubricants available from the pharmacist to help ease the pain of a tight foreskin and
prevent it remaining pulled back. 76331620are there any women that actually prefer circumcised dicks?
76330416Okay, to not provoke anyone – I’ll just say that I am going to a farm to live there tonight.
naga169
May 1, 2024 at 1:55 am
Saved as a favorite, I really like your site!
naga169
May 1, 2024 at 2:10 am
hello!,I really like your writing very so much! proportion we be
in contact extra about your post on AOL? I require a specialist
on this area to resolve my problem. May be that is you! Looking ahead to see you.
naga169
May 1, 2024 at 4:25 am
I got this site from my buddy who shared with me concerning this site and at
the moment this time I am visiting this site and reading very informative posts here.
slot303
May 2, 2024 at 1:53 am
If some one needs expert view regarding blogging and site-building then i
advise him/her to go to see this web site, Keep up the fastidious job.
naga169
May 2, 2024 at 7:16 am
Very nice post. I simply stumbled upon your weblog and wanted to say
that I have really enjoyed browsing your blog posts. After all I’ll
be subscribing in your rss feed and I’m hoping
you write once more very soon!
Gsa ser link list
May 2, 2024 at 5:01 pm
Various other project options include making adjustments wholesale and importing target Links.
my page; http://www.rahbeks.dk/lidtafhvert/gensyn-med-efterskolen/
winning303
May 3, 2024 at 5:21 am
This is my first time go to see at here and i am truly impressed to read all at
one place.
Situs Judi Slot303
May 3, 2024 at 7:14 am
Greetings from Los angeles! I’m bored to tears at work so I decided to browse your website on my iphone
during lunch break. I love the info you present here and can’t wait to take
a look when I get home. I’m shocked at how quick your blog loaded on my cell
phone .. I’m not even using WIFI, just 3G .. Anyways,
wonderful site!
naga169
May 3, 2024 at 10:27 am
Very good site you have here but I was curious about if you knew of any user discussion forums that cover the
same topics talked about in this article? I’d really like to be a part of group where I
can get feedback from other experienced people that
share the same interest. If you have any suggestions, please let me know.
Thank you!
naga169
May 4, 2024 at 12:50 am
You really make it appear so easy with your presentation but I in finding this matter to be really
one thing which I think I would by no means understand.
It seems too complex and extremely extensive for
me. I am looking ahead on your next post, I’ll attempt to
get the grasp of it!
daftar sv388
May 4, 2024 at 12:59 am
It’s an amazing paragraph in favor of all the online
people; they will get advantage from it I am sure.
Hokicoy Daftar
May 4, 2024 at 6:44 am
Peculiar article, just what I wanted to find.
naga169
May 4, 2024 at 10:50 pm
It’s not my first time to pay a quick visit this web
page, i am visiting this website dailly and get nice
facts from here every day.
winning303
May 5, 2024 at 4:02 am
Heya i am for the first time here. I came across this board and I find It really useful & it helped me out much.
I hope to give something back and help others like you aided
me.
naga169
May 5, 2024 at 6:43 am
Great blog here! Also your website loads up fast! What web host are you using?
Can I get your affiliate link to your host? I wish my website loaded
up as fast as yours lol
Hokicoy Alternatif
May 5, 2024 at 7:47 am
Excellent blog here! Also your website quite
a bit up very fast! What host are you using? Can I get your associate hyperlink for your host?
I want my site loaded up as quickly as yours lol
naga169
May 5, 2024 at 12:55 pm
Hi, I do think this is a great blog. I stumbledupon it ;
) I am going to revisit once again since i have bookmarked it.
Money and freedom is the best way to change, may you be rich and continue to guide others.
joker123 deposit pulsa 10rb
May 5, 2024 at 3:14 pm
Howdy! This is my first visit to your blog! We are a group of volunteers and starting a new initiative in a community
in the same niche. Your blog provided us useful information to work on. You have done
a wonderful job!
winning303
May 5, 2024 at 4:33 pm
It’s nearly impossible to find experienced people in this particular topic, but you seem like you
know what you’re talking about! Thanks
naga169
May 5, 2024 at 4:37 pm
I am truly grateful to the holder of this website who
has shared this impressive article at here.
slot gacor
May 5, 2024 at 5:06 pm
Have you ever considered about including a little bit
more than just your articles? I mean, what you say is fundamental and everything.
However think of if you added some great photos or video clips to
give your posts more, “pop”! Your content is excellent but with pics and clips, this website could definitely be one of the most beneficial in its
niche. Very good blog!
Serena
May 6, 2024 at 1:22 am
Oh my goodness! Amazing article dude! Thank you, However I
am having troubles with your RSS. I don’t understand the reason why I
can’t join it. Is there anybody having identical RSS
problems? Anyone that knows the solution can you kindly respond?
Thanks!!
agen sv388
May 6, 2024 at 2:10 am
Hi there, its nice article about media print, we all understand media
is a enormous source of facts.
naga169
May 6, 2024 at 6:41 am
I have learn some just right stuff here. Certainly value bookmarking for revisiting.
I surprise how much effort you put to create such a
fantastic informative web site.
naga169
May 6, 2024 at 8:49 am
Thanks , I have recently been searching for info about this topic for a long time and yours is
the best I’ve found out till now. However, what concerning the
conclusion? Are you sure in regards to the supply?
slot gacor
May 6, 2024 at 9:26 am
You are so awesome! I don’t think I’ve read through a single
thing like this before. So good to find someone with some unique thoughts
on this subject matter. Seriously.. thank you for starting this
up. This web site is one thing that is required on the internet, someone with some
originality!
joker123 deposit via pulsa
May 6, 2024 at 10:19 am
all the time i used to read smaller posts which as well
clear their motive, and that is also happening with this post which I am reading now.
naga169
May 6, 2024 at 5:30 pm
I am in fact delighted to read this weblog posts which consists of
lots of useful information, thanks for providing such statistics.
naga169
May 6, 2024 at 8:22 pm
May I just say what a comfort to discover an individual who really understands what
they’re talking about on the internet. You definitely know how to bring an issue to light and make it important.
A lot more people need to read this and understand this side of your story.
It’s surprising you are not more popular since you certainly have
the gift.