Best ERP For Small Business Owners
One stop software solution for ERP for small and medium entreprenuers
ERP Software in Mumbai is gaining popularity with the advent of new technology.
With businesses growing increasingly large, enterprise resource planning systems have also been growing in popularity. But thanks to an influx of competitive pricing and continuous innovation, these leading business management solutions are now available to even small businesses on a budget.
What is ERP and why it is important for Small Business?
ERP stands for Enterprise Resource Planning. It is software that helps you run your entire business. The software integrates core processes from different departments into a single system. ERP uses a common database to make all its actions. This is because different hardware and network configurations are used in such systems. Simply put, an ERP is a type of management software.
It integrates the core processes of a company, such as finance, accounting, HR, sales, supply chain, services and manufacturing. Such systems generally work in real-time. They use a common database and help Small Business streamline their processes
Why do small businesses choose to implement ERP software ?
Small businesses are turning to enterprise resource planning (ERP) software to help manage their operations and improve performance. ERP can help small businesses by
- Reducing frustration,
- Increasing efficiencies,
- Improving business performance for key performance indicators (KPIs),
- supporting growth,
- gaining an advantage over competition through technology and
- saving costs.
Problem that ERP solves for Small businesses
- Small and medium-sized businesses have different priorities than larger businesses. As such, small business ERP software are built to address those needs. Small business problems that can be solved by ERP software include:
- Reduces Manual processes
- Provides visibility into business data which helps in decision making
- Organize Business systems
- Streamlines reporting and analytics
- Provides business insight, a complete business suite
ERP solutions can vary when it comes to the type of solution needed and what they offer.Right ERP Solution is the one for SME that provides business insight, and provides reporting and real-time analytics, the ability to automate manual processes and is simple and easy to use. But not all ERP software is like the other –Therefore choosing the best ERP solution is crucial.
Top ERP for Small Business Owners
ERP software can help small businesses with their operations. However, ERP platforms are not one-size-fits-all. Some are better for larger enterprises, while others are designed to aid smaller companies or startups with growth and organization. Here’s a look at the best ERP options for small business owners.
SAP Business One
SAP Business One for Small & Medium Enterprises (SME) is a powerful, flexible, and easy-to-use business management solution for companies with up to 1,000 employees and US$50 million in annual sales or non-profit organizations (with annual donations of up to US$1 million). SAP Business One is designed to meet the needs of small-sized companies and non-profit organizations. This solution is an all-in-one business solution that enables you to manage your finances, sales, and human resources and has a low total cost of ownership. This business management solution is available in the cloud and on-premises, and is easy to get up and running. Many companies that started with an SAP Business One solution have gone on to use additional SAP solutions, too.
SAP Business One is a successful ERP solution for small and medium enterprises (SMEs). With SAP Business One, SMEs can manage their business processes more effectively, while lowering their cost of operations.
Zoho ERP for small business
There are no shortage of business software options for small businesses, but few are truly customizable. Even fewer are cloud-based. Zoho ERP for Small Business is an integrated business management solution that helps you do more with less. With Zoho ERP for Small Business, you can access all your critical business data from a single dashboard. You don’t need to spend time, money and effort on training users to use your software. Zoho ERP for Small Business is intuitive and easy to use. It’s powered by the latest cloud-based technologies, so you can access all your critical business data from anywhere, at any time. With Zoho ERP for Small Business, you can easily manage your finances, inventory, sales, customer support, and more. You can streamline your operations, save time and money, and stay on top of your business.
NetSuite
You may be familiar with the cloud-based business management company, NetSuite ERP, it’s a comprehensive cloud-based business management solution that offers a host of features businesses of all sizes need in a package that’s cheaper than many of the competitors. It’s a platform that allows you to integrate all aspects of your business in one place, and one of the best things about the system is that it’s simple to use. It’s so easy to use that your accounting, inventory and sales reps can all use it and get the data they need to make decisions. The platform is scalable and can grow with your business. Its built-in business intelligence tools are easy to use and give you immediate access to valuable data. With the ability to create customized reports, you can easily see how your business is performing on a day-to-day, week-to-week, month-to-month and year-to-year basis. By giving you the tools you need to make smart decisions, the system will help your business run more efficiently and grow.
Pricing of ERP for small businesses vs Large Companies
ERP pricing for small business is less than what large companies pay. The beauty of ERP systems is that they are scalable and can be used by a variety of companies, whether they are small or large. Some ERP software as listed above can be used by small businesses and large enterprises. ERP pricing for small business is also much more affordable than what larger companies pay. In addition, ERP software providers have been working on making their systems more accessible for smaller companies. The truth is that most companies choose not to use ERP because of the high costs. However, most companies don’t realize that there are affordable ways to take advantage of the benefits of ERP.
Pricing of ERP is dependent on
- Number of users in the organization using ERP
- How many modules are being implemented
- Hosting type
- Integrations required by company
Some of the key advantages of ERP Solution for Small businesses have been
- We have seen that Small businesses Owners that implement ERP software in their organization have been able to reduce operating costs up to 25%. Along with this there has been other cost saving such as admin costs and inventory, leasing and financial costs.
- ERP Implementation has also given upto 100% ROI in a matter of year or two
IMTS Solutions also offers discounts on ERP implementation consulting for small businesses and start-ups.
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