Discover How An ERP Can Help SMEs In The Philippines Grow
Fast-paced growth in a company sounds great, but it comes with many challenges. As product volume or number of customers increases, having a business management system that can scale up with rushing demand is almost mandatory. This is where enterprise resource planning (ERP) for small to medium-sized enterprises (SMEs) begins to work its magic. It will positively modernize current business processes and prepare the business for future growth. In this article, we will emphasize the reasons why ERP for SMEs in the Philippines facilitates growth for businesses.
In an industry with cutthroat competition, everything and everyone must act and operate with considerable efficiency from the employees you depend on to the suppliers and partners you trust. Managing a small and medium-sized enterprise can be so busy, overwhelming, and stressful that they need the best and most trusted software to support the business every day.
In addition to this, the increasing pace of change in the competitive environment in which SMEs operate is generating stress on their managers and encouraging them to reconsider the use of management and reporting resources. The same is true for growth. When companies move to the second level in terms of size, complexity, and performance, obligations increase to the point that manual processes simply stop working.
How can ERP for SMEs help boost growth?
ERP offers business integration
One of the biggest advantages of having ERP software for business during growth is the complete integration of each business division. For example, it can track the supply chain and delivery while controlling orders and the availability of products.
An ERP for SMEs integrates all facets of a business into a comprehensive information system. It can allow people from an entire organization that fully supports a single site or multiple global sites to access relevant company data. Full integration will lessen the miscommunication between any employee or department, saving time, and complexity.
ERP for SMEs facilitates higher profit
The ERP systems offer powerful options to improve decisions in real-time. It will help managers prioritize tasks based on creating value and necessity. This will reduce the complexity that often creates bottlenecks for sale in order to increase revenues and be more productive.
An ERP system will allow a company to record, track, and analyze business information at the click of the button. This, in turn, will help the business management to determine what are the most profitable products, or services that they offer so that they can focus on promoting them. Automation also means higher efficiency which results in lesser operational cost thereby increasing the profit margin.
ERPs are capable of Cloud hosting
The new cloud-based ERPs provide safe storage for any business data eliminating the need for physical hard drives and delicate and obsolete servers. Running a local server is incredibly expensive in terms of the cost of infrastructure, a highly-skilled workforce to maintain the system, and the operational cost. With that consideration, a cloud-based system is a more cost-effective option. On top of that, there are also companies such as Vetter Systems that offers affordable cloud-based ERP for SMEs in the Philippines.
A cloud-based ERP also makes it possible to securely protect data against theft or accidental loss, which can easily happen in physical storage methods.
This is tremendously useful for small businesses that want to expand and grow every day!
ERP helps increase productivity
The fast data transfer that is only possible with ERP implementation avoids unnecessary delays in information requests and promotes a better work environment for employees. A better system will also improve employee efficiency by making information related tasks easier and faster.
Without an ERP system, creating reports, encoding information, processing payroll, etc. has to be done manually. It means a company will need multiple employees to do the same task that a single person with an ERP system can finish.
Improved customer service
Customer relationship management, or CRM, is another integral part of ERP technology. An ERP for SMEs available in the Philippines such as Odoo being implemented by Vetter Systems offers a single place to incorporate marketing, service, and sales. All necessary departments are aligned with these services to provide a smooth transaction and an optimized experience.
Is your company ready to face growth?
If you are reading this post, it means expansion is an objective within your business plan. If you are still managing the processes of your growing small or medium business with obsolete technologies, it is time to take a step forward and carry out the implementation of ERP software.
Remember, a business is only as efficient as the technology used to run it. A growing business needs to process large volumes of data quickly. The company also requires to produce specific reports to comply with regional or industry regulations. And to get a better view of performance, opportunities, and risks, all information and processes must be unified in a central system.
With a digital strategy based on a cloud-based intelligent ERP platform, small and medium-sized businesses create sustainable growth by linking end-to-end processes, data, systems, and employees. It incorporates real-time access and smarter employee-centric and customer-centric practices into every aspect of the business. The flexible implementation of new digital user interfaces and the continuous improvement of business systems become significant competitive advantages.
Invest in an ERP and prepare your business for the future
Implementing or updating an ERP system may seem daunting, especially when you have a limited budget and you don’t have the expertise. But running a business without a solid foundation for growth can significantly hamper the performance of existing and new operations. There are also companies such as Vetter Systems that offers affordable ERP implementation for SMEs in the Philippines.
Whether your business is a locally based company or a more distributed organization with regional subsidiaries, a digital core enabled by an intelligent cloud-based ERP platform should be a vital part of your growth strategy. Not only will you establish processes and operations faster and easier in new locations, but you will also gain real-time visibility and decision-making power to constantly steer your business in the right direction.
Now that you know how ERPs bring true growth to SMEs, it’s time to take the next step. Odoo ERP has demonstrated through success stories and real scenarios the great contribution it can do to make small and medium-sized companies grow in different industries. It has different functionalities in the area of finance, production, inventories, purchases, sales, CRM, accounts receivable, accounts payable, banks, etc. It is the most cost-effective option for companies on a tight budget to achieve productivity and growth levels never seen before.
If you want to better manage your company, feel free to click on this link to contact Vetter Systems for ERP implementation packages.
