1: Make ‘work anywhere’ productivity a thing
While you may have had enjoyed some mobile capabilities with your more recently adopted applications, moving to a cloud-based ERP introduces your team to a whole new level of enhanced productivity and flexibility. Everything they need to do their job is securely and immediately available (although endpoint security is still your responsibility!) whether they’re travelling, working from home, in lockdown, or the office. All that’s needed is an internet connection and a smart device.
2: Automate and streamline the boring stuff
One of the beauties of an ERP solution is that it gives you the ability to automate repetitive or manual data input tasks. This helps you optimise the resources you have – so even at your busiest, there’s often no need to add on more employees.
With automation and digitalisation, the days of paper and data-entry errors are largely gone. When all your departments (think finance, sales, customer support, marketing, production, projects, warehouse and distribution, manufacturing, HR, supply chain etc.) are linked, you can move data through the business with speed and accuracy.
3: Embrace real-time reporting
With a single version of the truth and ready-to-use reporting, the days of needing a week to prepare a report (and more if someone asks to throw new or different data into the mix) are gone. Phew.
Most ERPs come with a wide range of inbuilt reports that you can generate within minutes with the touch of an on-screen button, and you or your partner can build customised reports. Best of all, it’s goodbye to temperamental spreadsheets and tedious data exports/imports/updates from disparate applications.
4: Scale, pivot, do backflips
In the ‘good old days’, growth or a change in direction often required more flexibility than business software could offer. Today’s ERPs (especially those in the cloud) have modular structures that allow you to adjust the application according to current needs and conditions. So, diversifying revenue sources, expanding, or reducing or rethinking your business is easy. From small changes like adding new products or employees, to significant changes like adding new divisions, companies or countries, your ERP won’t make a mountain out of the proverbial molehill.
5: Get a better grip on money
From saving money by optimising processes, rationalising inventory to reduce overheads, improving and automating invoicing, to gaining 100% visibility across the entire business (be it local or global), complying with local taxation or financial requirements, and working in multiple currencies and companies, to accelerating closing off your books at year-end - your new ERP should do it all. Effortlessly.
6: Throw out all the old add-ons
For those who have moved from a legacy financial system, it’s time to say goodbye to all those hangers-on. With a fully-featured ERP, you can relegate most of the third-party add-ons you relied on to the trash. And with them - the licensing and integration upkeep costs, and the cybersecurity risks posed by often installed-then-forgotten unpatched applications.