From time and money waste to systems that just no longer make sense, there are many reasons a company may decide they’re ready to upgrade their business software. Here are a few common scenarios that lead companies to start thinking they may need ERP system support.
Manufacturing & Distribution Need ERP System Support
For many in these industries, it comes down to their system being slow or unstable. Either their reports are taking too long to process, or maybe their systems keep crashing. Another common reason is because their process isn’t supported by the software, leading to inaccurate cost calculations and even inventory issues. A more streamlined solution reduces the need for multiple spreadsheets, which not only saves time but also ensures more accuracy.
Banking & Financial Institution Hurdles
When electronic documentation isn’t supported, it means everything has to be done by paper. This not only is expensive, it takes up a lot of space and it just a really antiquated way to do business. Add to that workflow issues, because there isn’t a seamless way for departments to work together, and software that is too clunky to maintain, and banking and financial institutions frequently find themselves in need of a better solution.
Healthcare & Nonprofits Need ERP, Too
When employees are manually updating reports, it’s a sign that an automated workflow system is needed. This also helps with month-end closeouts, especially when you’re working with entities with multiple locations not to mention layers of teams and departments. In addition, automated workflows are great for patient and client upkeep as well as ensuring compliance with regulatory bodies.
These are just a few scenarios in which upgrading to ERP software is the recommended course of action. To learn more, check out these 15 Signs Your Company Is Outgrowing Quickbooks.
Iris Schimke is CEO of Express Information Systems, a Microsoft Dynamics GP partner in Texas.