Key Signals Alerting Your Business Needs an ERP Solution
The growth of the company depends on several factors which includes handling different departments correctly, having efficient communication channel, good customer service and much more. If your business is not showing promise till today, then it’s time for managing your company process much better by implementing an Odoo ERP solution.
Odoo ERP (Enterprise Resource Planning) can handle different business processes with a centralized approach which streamline your business which connects and integrates all business processes which results in no data loss in the long term.
But, when should your company consider ERP solution? There are multiple signals that can tell you that you need to implement ERP in your business as soon as possible.
Here are the key signals that are telling you to implement an ERP Solution for your business/Company.
Poor Accounting Practises
Any SMEs company would need to possess a correct accounting in business. If you discover that there's a flat structure of invoice or higher say a poor approach of handling the accounting, it's time to look forward to ERP implementation and work on the various aspects of the accounting. ERP not solely managed the accounting procedure however additionally updates completely different modules in any business as well as Sales, CRM, Purchase, HR, Payroll, accounting etc.
Not able to Comply with regulations
Company has to comply with regulations, It can be region-specific, trade-specific, manufacturing specific and so on. Regulations need to be monitored by governing bodies, and they are bound to change in due time. If your company is finding it hard to cope up with the regulation, documentation, staff training or anything that needs to be regulated, it is high time to check what your current system is capable of. Most of the aspects can be automated and worked up by an ERP system.
Wrong Inventory Numbers
Getting different inventory numbers in calculation and reality. If you find a difference in the inventory counts and the number of papers, it is now the right time to automate the whole inventory process. The deviation or error can be due to manual entry. ERP software can easily automate your whole supply chain processes, that including the inventory process receipts, stock moves as well as deliveries.
Lack of clear Reports
Reporting is an essential part of the success of any organization. Without reporting, it is difficult to get the necessary information. The analytics would not be useful if it installed without any reporting tool or automation. All of this will lead to a lack of customer insight, growth or any other analytics. The lack of analytical decision making will hamper the business in the long run, and that's why it is a good time to implement an ERP system in a company with the capability of good reporting.
Old and/legacy ERP System
Just like humans, the ERP system conjointly encompasses a life. it's pertinent to mention that associate ERP lasts for 5-8 years at scoop. After that, it becomes arduous to take care of or upgrade it with new practicality. If you think that your ERP isn't upgraded friendly or is failing to try to current business method expeditiously, it's high-time to induce a replacement ERP system. Our recommendation would be Odoo ERP, associate open supply business suite ERP that aims to deliver the simplicity on the way you are conducting your business.
Tendency of Losing Revenue and Customers
The biggest signal is the decrease in customers and eventually revenues. The loss of consumers can easily be attributed to the bad customer service, lack of CRM features, lack of any marketing strategy and much more. All of these can be fixed with an ERP system. The main reason for revenue and customers is the lack of logical flow required for making a profit.
Lack of mobile access to software
These days, it’s key that enabling your employees to be able to access the software solution even on mobiles to manage and steer your business from anywhere they're operating. this is often particularly the case for selling and client relationship management, employees who have to be compelled to be able to access and update prospect and account info after they are on the move. Search for a software system that's accessible via a spread of devices – together with smartphones and tablets – from where web access is on the market.