ADVANTAGES FO ERP FOR SMES

Posted by: RAMAN on  3rd October 2017


ADVANTAGES FO ERP FOR SMES

OVERALL BENEFITS OF ERP

ERP by definition impacts all areas of a business. This creates an aggregate impact that affects the bottom line. For SMEs, there are some major areas of advantage
  • 84% say ERP has directly affected their company’s positive performance
  • 74% of SMEs say implementing ERP has resulted in time savings
  • 30% of SMEs say ERP has increased their efficiency by more than 20%

HOW LONG DOES IT TAKE TO SEE RESULTS?

Many SMEs are justifiably wary of how long it takes to see an ROI on an ERP implementation. While staff training and customization may slow down full adoption, most companies see the following benefits with 9 months
  • Companies see 43% of expected infrastructure improvements
  • Companies see 27% of the cost reduction benefits
  • Companies see 41% of expected cycle time reduction

ERP benefits the whole organization and SMEs can expect improvements across business functions

  1. MANUFACTURING – 65% of companies said ERP improved inventory management and their capacity to manage growing volume
  2. ACCOUNTING – 54% said it accelerated the financial consolidation and reporting cycle
  3. MARKETING – 58% of companies said ERP improved interactions with their customers
  4. IT – 96% of SMEs reported improved information quality. One third said ERP makes information retrieval at least 30% faster
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HOW IS ERP USED?                                                                               ►WHAT IS ERP?                                                                             ►WHY SMEs SHOULD USE ERP SOFTWARE?