Because every company is unique, there’s no single indicator that says, “You need ERP now!” However, the companies that would benefit most from ERP software often face similar problems and frustrations. Is your business facing some of these same issues? Read on to discover the top five signs that your company is ready for ERP.

Spend a few minutes thinking about how employees at your company record, track and process information. Do accounting staff use one system for receivables and payables, and sales use another to enter in customer orders? Is the process of taking those orders and getting them fulfilled and into accounting a time-sucking manual process? Do employees in your warehouse use a completely different solution to track shipping and receiving?

When various front- and back-end systems run separately, it can wreak havoc on the processes that are meant to ensure your company is running smoothly. Without accurate data from sales, inventory management may suffer, while not having the latest information from accounting can trigger a ripple effect on everything from marketing budgets to payroll.

ERP software integrates these systems so that every business function relies on a single database. With one source of information that contains accurate, real-time data, an ERP solution breaks up information logjams, helps staff make better decisions more quickly and frees up their time to work on more high-value exercises like helping the business grow even faster.

If someone asked you what your average sales margin is, how long would it take you to find out? What about other key performance metrics, like orders per day or sales to date? For companies that rely on siloed systems and spreadsheets that need to be constantly updated and reconciled manually, it could be a long wait.

The pace of business is faster than ever before, which means employees across your company need immediate access to key data. With an ERP solution, executives can get a holistic view of business operations at any time, while other staff can get the information they need to do their jobs more effectively. For example, sales representatives should be able to view a customer’s full transaction history and more proactively improve renewal rates while increasing upsell and cross-sell opportunities.

Often, the first noticeable signs that your company needs ERP software will come from your accounting department. If your employees rely on paper-based invoices and sales orders—and spend hours every week manually entering them into different accounting and sales systems—you need to consider how much time is being wasted on tasks that ERP software can handle in an instant.

The same goes for financial reporting—if it takes ages to consolidate or reconcile financial information across systems and through countless spreadsheets, an ERP solution can make a significant impact. With all financials in a single database, accounting staff won’t have to spend hours cross-posting information, rekeying numbers, or reconciling data manually. Your accounting staff will be more productive, freeing them to deliver critical reports without delays and frustration.

As companies grow, one of their biggest challenges is often inventory management. Ensuring that the right amount of products is in the right location at the right time is a vital part of business operations.

When sales, inventory and customer data are maintained separately, it can create serious problems across your company. If you run out of a popular product, sales will be off until the next shipment arrives. Meanwhile, if a customer calls to inquire about an order and employees can’t track it to see if it’s been shipped—or if it’s even in stock—your company will start to develop a poor reputation for reliability and service.

With an ERP system, on the other hand, staff in every department will have access to the same, up-to-the-minute information. Customer-facing reps should be able to answer customers questions about order and shipping status, payment status, service issues, etc., without having to hang up the phone and check with another department. Better yet, customers should be able to simply go online to their account and view status information. Meanwhile, the warehouse manager can see that stock is getting low and can reorder.

One of the biggest downsides of having multiple systems across your business is that IT management can become a nightmare. Customizing these systems, integrating them and maintaining them with patches and upgrades can be complex, costly and sap critical time and resources.

If your patchwork of systems includes on-premise, legacy business software, system upgrades can be more trouble than they’re worth. Not only are these updates expensive and time-consuming, but they may also undo customizations implemented by IT staff. Given that, it’s no surprise that two-thirds of mid-size businesses are running outdated versions of their business software.

Rather than adding more software—and complexity—to an already ineffective system, ERP technology can give you the agility to respond to changing business needs rapidly. That’s why selecting a cloud-based ERP provider like Coderack is critical. With Coderack, system updates are no longer an issue, and new functions are easy to add as your business grows and changes.

Convinced? Ready to learn more, or just have questions? Contact us today. Our ERP solution experts are ready and willing to answer all your questions and help you get started on selecting the right solution for your business.

Enterprise Resource Planning software, abbreviated as ERP, is deployed to automate and computerize the core processes, functions, flows and systems of a business by streamlining all these into a comprehensive process.  Making the flow of information and management of the business much more convenient, ERP system selection is a critical business decision.

Thorough and rational scrutiny needs to be done in order to review the features and functions of the ERP systems that you are considering for implementation and installation before choosing the ERP for your business.  Compromising, or changing your your business flows and processes to fit the ERP’s inflexible approach, is wrong.

For example, if a business is already using a customer relationship management (CRM) system for managing the relationships with their existing and potential clients, this CRM will either will have to be replaced with a CRM module of the new ERP, or this CRM will have to be integrated with the ERP so that the ERP.

When deciding which ERP to choose for your business, it is highly recommended that you check the compatibility of your existing system and software with the ERP. It is essential that you have a technically unified software environment so that the data can shared and transmitted across the applications.

An intelligent businessman always the Return on Investment (ROI) in mind before making decisions of significant financial impact. Implementation, installation and maintenance of an ERP system is undoubtedly an expensive exercise.

Accessing the different modules and components of the ERP system through smartphones and tablets is a requirement.  While selecting the right ERP system, always make sure that you keep an eye on the ERP system options that deliver an interface over the smart devices – it’s a must-have.

Cost, time and human efforts, all might be involved in updating the ERP system and this might be a hassle.

A highly recommended solution would be an ERP included in the Softaculous 1 click installer. Softaculous is a sophisticated application installer that allows the webmasters to install and update applications and software on the hosting server with a single click, reducing time to deploy, update and maintain.

If your system is hosted at KnownHost, you can enjoy the luxury of updating your ERP system with great convenience through Softaculous. Softaculous supports the installation and updates of a wide range of ERP systems including YetiForce, Zurmo, EspoCRM, SugarCRM, Jorani, X2CRM, and so on.

Over the period of time, the selection of the right implementation partner might have a long term impact on the selection of the right ERP system. When executing the research on the different ERP system options, you also need to explore the technical expertise and reputation of the implementation partners of those ERP systems.

Learn more how Coderack IT Labs can provide you with the best solution for your requirement of the ERP software solution.