ERP is also seen as something that is primarily for large companies, many small to medium-sized businesses are able to recognise the strength and competitive advantage ERP brings. If it takes longer to reconcile financials each month, if your base estimates on guesswork more and more, or if you don’t know how much stock you have on hand, your company may face some growing pains.

Here are the main reasons you should consider an ERP solution for your Organisation: –

• Taking Too long to get the reports?
  You spend more time on day-to-day activities If it takes longer to manage key activities, such as closing books, there may be too many disparate applications to blame. ERP software integrates solutions and data into a single system with a common interface, making it easier for business units to communicate and work effectively.
• Could you answer important questions about your company easily –
  such as profits per product line or amount of returns? If not, you can be held back by unequal systems and lack of metrics and KPIs. The program for company resource planning aims at overcoming these challenges.
• Is there places where the systems go away?
  You have uncontrolled business processes? It may be more difficult for you to handle inventory, customer service or monitor costs. If so, it might be appropriate to restructure the business processes to adjust to development or shift goals – a natural match for ERP software.
• Are most departments using their own program and systems to do things?
  You have manual systems and multiple data sets If so, you will probably spend too much time on double entry of data. If data cannot flow between systems, it takes longer for reporting to take place, therefore mistakes and decisions to be taken are hindered.
• You lack quickly shifting prospects
  Are you spending so long running your company that you can’t try exciting new prospects?  The modern ERP systems provide smart advanced technologies such as machine learning and predictive analysis to allow successful new businesses to be detected and optimised more easily.
• Your estimation / quotation process is incorrect
  Many organisations claim that they don’t close enough quotes for winning new business? And others complain that their calculations are always incorrect because of incomplete or inaccurate details. Your assessment / quotation is incorrect. An ERP program allows you to automatically produce comprehensive estimates which will include size, sales tax and discount rules. In addition, the price elements, including production prices, procedures, margins and commissions, are automatically applied. You then will turn quotes for invoice and income identification into sales orders and pass them to the finance department.
• Is IT just too complicated?
  Is your company producing the sound of a fine-tuned computer, or the inefficiency noise of the gear grinding? Managing and maintaining multiple IT systems is complex, costly and time consuming. ERP will give you the versatility and simplicity of your business needs, rather than adding more functionality and complexity to an inadequate program.
• Accurate Inventory Management
  As businesses expand it is also a challenge to handle inventories. No stock that kills loyalty and affects customer service when a company needs it. An ERP program, offers access to information that is up to the minute. Sales reps can answer orders questions without hanging up the phone or customers can just go online to check status information.
• Customer Management and HandlingSatisfying your customers is the “make or break” that decides if your customers will want to return; if they don’t get their goods when they need them, and delivered to where they need them, they will find another supplier. Yet it’s not easy to handle inventory rates when you use obsolete approaches — you still end up with shortages or overstocks, and either you don’t produce or you pay for product to sit on a shelf. Up-to – the-minute information about your customer is available with an ERP system: when the product is sold, when it is delivered, when it is paid (or when payment is overdue) and how problems are handled.
• How much waste is currently being generated and managed, and which processes can you automate.

To boost consistency, reliability and add value to your organisation, you will look for your ERP solution. You’re ready for an ERP, then?

Matters can be complicated further, as not all ERP-labelled systems are necessarily ERP. Some small software companies are offering really good accounting systems often provide larger systems that have incorporated some limited buy / stock / assemble / sale features and market them as ‘ERP’ (we may usefully label such systems ‘Accounting+’), so consumers will invest substantial sums of money for the first time and end up with a system that doesn’t and can’t give them the benefits they anticipated.

If you need further information about ERP which can be customised to suite your requirements, just give us a call;  BrainSphereIT consultants for free demo/consultation.

As a summary, we can say an Accounting package handles only individual business functions of accounts whereas Enterprise Resource Planning (ERP) package handles the entire range of business functions of an organisation.

If you are still confused about whether to buy an ERP or an accounting system reach us for a free consultancy on +971 52 640 3909 or email to info@brainsphereit.com to tell us your query on software.