What is ERP and how can it help your small business?

Fortee what is ERP

What is ERP and how can it help your small business?

If you're a small business owner, you know that managing your resources effectively is key to success. That's where Enterprise Resource Planning (ERP) software comes in. But what exactly is ERP and how can it benefit your small business? Let's break it down.

What is ERP?

ERP is a software system that helps businesses manage and automate various business functions, including finance, manufacturing, inventory management, customer relationship management, and more. It provides a centralised database that can be accessed by all employees, allowing them to access real-time information and make informed decisions. Here are just a handful of reasons why ERP has the potential to transform your business:

  1. Streamline operations - An ERP system can help small businesses streamline their operations by automating manual processes, eliminating redundant tasks, and reducing errors. This can save time, improve productivity, and free up employees to focus on more important tasks.
  2. Better collaboration - With an ERP system, all employees have access to the same information, which can help improve collaboration and communication across teams. This can lead to better decision-making and improved customer service.
  3. Cost savings - ERP systems can help small businesses save money by reducing inventory levels, optimising production processes, and improving supply chain management. They can also help identify areas where costs can be reduced, such as by consolidating suppliers or renegotiating contracts.

ERP vs. MRP

Material Requirements Planning (MRP) is a subset of ERP that focuses specifically on managing manufacturing processes. MRP software helps businesses plan and schedule production, calculate materials requirements, and manage inventory. While MRP is important for manufacturing businesses, ERP provides a more comprehensive view of a business's operations.

Affordable ERP

As a small business owner, you're likely on a tight budget. Luckily, there are many affordable ERP systems available today that can help you manage your operations without breaking the bank. When choosing a system, consider the features that are most important for your business. For example, if you only need to manage inventory and order fulfillment, you may not need a full suite of modules.

Cloud ERP

Cloud ERP systems are hosted in the cloud, which means that they can be accessed from anywhere with an internet connection. This is particularly useful if you have remote workers or need to access your data on the go. Cloud ERP systems also offer scalability, meaning they can grow with your business.

Mobile ERP

Mobile ERP is a type of ERP software that can be accessed from mobile devices such as smartphones and tablets. This allows employees to access real-time information and make informed decisions on the go. Mobile ERP is particularly useful for businesses with remote workers or employees who frequently travel.

ERP is a powerful tool that can help small businesses manage their operations more efficiently. Whether you're looking for an affordable ERP solution or a mobile ERP system, there are many options available today that can help you streamline your operations and save money. By evaluating your needs and selecting the right ERP system for your business, you can improve your bottom line and position your company for long-term success.

Ready to get started but not sure where to begin? Here's a five-step guide to choosing your first ERP!