SAAS or Software as a service has brought a paradigm shift in the way businesses are being run worldwide these days. These formats of business software solutions have made it easy for businesses of any size, shape and nature try and scale up their businesses. As for the reason behind this development, there are quite a few, some of which we have mentioned below:
- Speed of deployment
Businesses today, and more so small and medium sized businesses are perennially short of time. With barely anything in the nature of manpower and support, they are always on the lookout for subjects and systems that can do better than humans and do it fast. One of the ways to boost the speed of deployment is by investing in the best ERP solution for SMB sector. It’s costs quite simple bring more than its monetary worth in the form of enhanced ability to do more for the organization across departments.
- Speed of scaling up
The best ERP Solution for the SME sector has the advantage of the ability of being scaled up at speeds so as to take advantage of the existing situation(s) or what something that has occurred out of the blue. For example, a sudden increase in sales including exports is something that would otherwise cause immense hardships at a the SME’s end due to the mismatch between ability to provide and demands from customers. Adding a well-developed cloud-based ERP to such businesses can help scale up activity with the least of pain to any part of the business. Be it finance, HR, production or logistics, everything can be linked to a ERP system and scaled-up in time.
- Protection of data
Data to any organization is like crude oil! You NEED it badly, but you need it in a refined way- precisely what an ERP system lets an organization do. That besides, data of any organization need to be protected like one’s prized jewels because without it, the organization is nowhere, and can barely reach anywhere. Protection of data is thus one of the main uses of a ERP program.
- Features within the system
An ERP is one of the most elaborate of system an enterprise can ever use. And with frequent additions to its features including upgrades, it is one piece of software that is built just for an enterprise, its growth and diversification. An ERP does away with the need to use a diverse range of software and services and clubs them all at one place while the output in most cases is much, much better than the combined output of individual systems.
- Pay-as-you-go feature
Most ERPs being cloud-based, and with a view to attract the maximum number of enterprise, have gone the SAAS route making their use a revenue expense instead of a capital expense. That being the case the best ERP solutions for SMB sector become absolutely affordable even to the smallest enterprise irrespective of net-worth and business volumes. In itself, it proves to be a god-send for most start-ups, the usual kind of business that can be seen these days within the domain of most businesses.
- Chance to put proprietary data to good use by linking to AI
The best ERP solution for SME sector is one of the best initiatives to put proprietary data to the best possible use. With the backing of the cloud and AI, such an initiative can go places by creating the right silos and output in the form of trends, thoughts and actionable insights which can take SME enterprise to newer heights in existing markets and newer fields.