“ERP software is a multi module application that integrates cross functional departments centrally.”
The leading provider of fact based research, the Aberdeen Group, has released a report on the important role of ERP solutions play when it comes to the growth of small to midsize companies.
Implementation of ERP software has been found to be an essential element to the SME space in providing both a foundation for transaction-based business and as a source of cost savings and operational improvement.
The report showed that Best-in-Class ERP implementations yield quantifiable business benefits:
22% reduction in operating costs
20% reduction in administrative costs
17% inventory reductions
19% improvements in complete and on-time delivery
17% improvements in schedule compliance
These benefits show that SMEs implementing ERP systems were clearly able to turn their growth strategies into profit.
Cindy Jutras, report author, summarised the report findings:
“As the world economy continues to recover from its long recession, Small and Mid-size Enterprises (SMEs) are poised for future revenue growth and profits. A well-managed ERP implementation can be a continuing source of cost savings and operational improvements which help companies survive and thrive as we emerge from these troubled economic times.”
“For those SMEs that have yet to implement ERP, the performance gap will widen as ERP solution providers continue to innovate solutions and those with ERP continue to reap the benefits. Those that aspire to Best-in-Class status would be well advised to turn ERP into a strategic weapon by taking full advantage of the technology, features, and functions which continue to expand at an ever-increasing rate.”
Don’t let your competitors get ahead of you and start considering the ERP solutions that may best meet your business needs both now and in the future.
SAP Business One, a comprehensive fully integrated business management solution, has been designed specifically to meet the needs of SMEs.
“By investing in SAP Business One, companies can be confident that they have a solution which will grow with them and continue to provide the support they need in the future.”
Jamie Hughes, Pace Telecom
To see what others are saying about SAP Business One visit http://www.beabetterbusiness.co.uk/ourcustomers.html
Source: Aberdeen Group Report; “ERP in SME: Fueling Growth and Profits”