Understanding the Value of ERP Software for Small and Medium-Sized Businesses
What was traditionally an option limited to large enterprises, ERP systems are now becoming increasingly popular within small and medium-sized businesses. The software automates multiple business functions and facilitates greater productivity. According to the research by the Aberdeen Group , 96% of all growing businesses rely on ERP software to increase their efficiency, support visibility and improve decision making. Here, we take a look at the value and benefits ERP software provides to small and medium-sized enterprises. Streamlines Data Flow ERP system grants small businesses access to streamlined data flow between various business processes. It does this while integrating the company’s financial system with its business transactions all in real time. By posting important transactions to the organizations’ general ledger, financial implications can be viewed by the management whenever necessary. The software covers all the core processes such as sales order entry, shi...