- January 24, 2020
- Posted by: Santanu Das
- Category: ERP for Small Business
What is Small Business ERP Software?
Enterprise resource planning (ERP) software for small businesses gives you an affordable, easy-to-use, and secure way to manage business operations, financials, and sales. ERP systems typically include modules that you can choose from based on your company’s needs. For smaller businesses, it’s important to only choose the modules you really need to cut down on costs – you can always add more modules on as your business grows.
Types of ERP Software for Small Businesses
Cloud ERP System
Cloud-based ERP software is a popular choice among most small businesses due to the low upfront costs and lower monthly payments. Online software is easy to set up and scale with your business. As your business grows, you can add or remove modules as needed to customize the solution to your business’s needs.
ERP Designed for SME Sectors
Few ERP solutions are marketed as being only for SME Sectors businesses. These solutions can be on-premise or cloud-based; though, cloud-based is more common for small businesses due to the generally lower upfront cost. ERP software for only small businesses is less complex and has limited functionality to cut costs and tailor to the needs of smaller companies.
Industry-Specific ERP Software
Industries like manufacturing, distribution, retail, and more use industry-specific ERP solutions to cater to their business’s unique needs. For example, manufacturers look for ERP with quality control functionality while construction contractors want project management capabilities. COMPACCT ERP is an example of industry-specific ERP software that caters to SME business sectors.
ERP Integration with Other Systems
As a growing small business, you need to find an ERP system that will scale well with your business. You’ll likely need to be able to add more users or additional functionality as your business grows. When evaluating ERP solutions, don’t just rush into implementing a solution because it fits at the moment – think about the functionalities you will need in the next 3-5 years. As your business brings in more sales, you’ll need a more comprehensive system for managing orders, inventory, invoices, and customers. Customer handling either Re-ordering follow-up or credit follow-up is a vital role in any growing business. A comprehensive CRM system will help you with the proper call centre solution.