When do you realize that you need an ERP System?

The need for an ERP does not appear all of a sudden but it gives you a few hints here and there to figure out that your business is asking for more. When business is going well and revenues are up but of course, with growth comes quite a bit of a management headache, it becomes very critical to have a solution that helps them to keep up with their growing needs.

To triumph in the modern and dynamic business world, making a strategic move is the key to success. And to strategize, it is important to have an integrated, real time and easy to access ERP software. Analyzing and controlling business data from various operations can be a very hectic job, the growing volume of data can be hard to manage. If sales insights are based on more manual analytics rather than real time inputs and data accuracy is a challenge. If these sound familiar your business should consider getting an ERP system right away.

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Implementing a new ERP can streamline operations, boost growth, and improve customer’ and employees’ contentment. It takes some time plus investment, and comes with a risk of replacing your legacy systems. But if you are growing at a rapid rate, the benefits of implementing a new ERP system can minimize the risks. Even if there is upfront cost for buying and implementing ERP software, you will save money in the long run by streamlining processes and maximizing workflow efficiency. Here are some of triggers when you realize it’s time to move to an ERP system:

• Multiple Platforms: Does your accounts department use one software and the sales, projects, HR departments use another? Integrating the response received from different processes is a tiresome task and can be inaccurate too. This can affect your entire business because, if there is a data loss somewhere, it will impact all the related operations leading to inaccurate responses. An efficient ERP, integrates all the business process under one umbrella and makes it easy to operate
• Data Inaccuracy: Since you have multiple software’s or no integrated software data accuracy becomes biggest challenge,  If your business process is slow or falling short of providing accurate insights, it’s time for you to consider a present-day business management software solution. A robust ERP can be the right choice. By using real time data, it can boost your business operations and provide accurate forecasts.
• Easy Accessibility: Your business should be in your fingertips. Latest updates & real-time reports and convenience to fetch it anytime, anywhere is the need of the hour. A browser based ERP with mobile app facility can help you with easy accessibility and facilitate in making your business simple.
• Scalability: While your business expands, your current business process management system should be able to scale up to the new measures. If it is a challenge, then your business is in need of a solution that is adaptable & scalable. NetSuite ERP, can be the right choice as it can scale up, to match its operations with the increased volume of data. Whether you are in the exploratory phase or ready to finalize, you first need to decide whether your business meets the criteria for an ERP.

To sum it up, with an efficient ERP solution, you can empower your business with fast decision-making capability and accuracy backed by real time data. Oracle NetSuite provides such a user-friendly, scalable and easy to use ERP solution that can help you in growing your business effectively. From Start-up to Enterprise with 20,000+ customers worldwide, Oracle NetSuite is the #1 Cloud ERP Business Software Solution & we can assist you in the implementation of Oracle NetSuite.

Once you identify your triggers, success is not so far! The smart and modern solution can be your way to achieve success easily!

Look out for the indications, act quickly, and upgrade to an ERP that meets your business needs. You may reach out to priti.panchal@astral-consulting.com to understand more about Oracle NetSuite & our Implementation Services.

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