Regardless of the industry you operate within, providing great products and services is foundational to business success. However, even if what you and your business offer are exceptional, you may be hindering your company’s growth by relying on rudimentary or outdated technologies. A few examples of software that might be holding you back include basic accounting software and antiquated financial management tools.
Growing businesses like yours cannot maintain strong forward momentum with these underwhelming technologies. If you hope to establish and maintain a rapid growth trajectory, you need to ditch your old tech in exchange for modern, cloud-based enterprise resource planning (ERP) software.
What Is ERP Software?
ERP software refers to an all-in-one technology platform that combines numerous mission-critical processes and functions into a single, unified interface. In other words, a modern, cloud-based ERP software solution will enable you to manage finance, accounting, sales, inventory, and other core business functions from one platform.
ERP software is delivered via a software-as-a-service (SaaS) model, which means that you’re given access to ERP software via the cloud in exchange for an affordable monthly fee. Your specific fee amount will fluctuate based on the number of modules and tools that you need to access.
Due to the cloud-based delivery and SaaS subscription model, cloud ERP software is available at a significantly lower upfront cost when compared to on-premises technology solutions. Additionally, cloud ERP software requires virtually no maintenance, which means that you can drastically reduce the workload of your in-house IT team.
Signs Your Business Needs ERP Software
If you aren’t sure whether your business needs ERP software, here are a few signs to look for that may suggest so:
- Operational costs have become excessive
- You are losing your competitive advantage
- Your business is facing constantly-changing demands
- Your IT team is overwhelmed
- The applications you use don’t share data
- Customer service has become a weakness, not an organizational strength
If any of these warning signs sound eerily familiar, then it is time for your business to transition away from aging technologies and upgrade to cloud ERP software.
Benefits of Implementing Cloud ERP Technology
There are numerous benefits associated with implementing cloud ERP software and similar technologies. By implementing ERP software, you will experience:
Interconnected Applications
Every application in your ERP software suite will be interconnected, which means that the platforms used by sales, customer service, accounting, finance, and HR teams will be able to seamlessly share data. As such, everyone will always be on the same page because they will have access to the most up-to-date data available.
Total Organizational Visibility
The interconnected nature of ERP software will, in turn, yield unparalleled organizational visibility. At the touch of a button, you will be able to gain real-time insights into the state of your business. You can use these insights to proactively address potential productivity issues, identify important trends, and capitalize on emerging market opportunities.
Access to Advanced Analytics Reports
Cloud-based ERP software includes advanced analytics and reporting tools that you can use to generate detailed reports about virtually any relevant business performance metric. Those reports can themselves be used to keep stakeholders in the loop, inform decision-making, track progress toward organizational goals, and proactively address potential concerns.
Get the Full eBook: Why Growing Businesses Need ERP Software
"Why Growing Businesses Need ERP Software" takes the mystery out of cloud-based business ERP solutions, explaining what they are and what benefits growing businesses can expect when they implement the right one. In our eBook you will learn:
- ERP basics and how ERP solutions empower further growth.
- The signs that a business needs ERP software.
- The common pain points in varying industries.
- The ERP capabilities that fuel profitability.
- The many benefits of a business ERP
- The important considerations when choosing between ERP solutions.
- The reasons to prioritize productivity.
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How Cloud 9 ERP Solutions Can Facilitate a Seamless Deployment
If your business is showing all the signs of needing ERP software, then now is the time to make your move and invest in a dynamic ERP solution like Acumatica ERP. Acumatica is undoubtedly the most robust and versatile ERP platform on the market.
Now that you know which ERP solution your business needs, the question is, “who will implement it?” If you have spoken to other business leaders that have managed their own ERP implementation, you know that the entire process can be overwhelming.
The good news is that you don’t have to manage your own deployment. Instead, you can team up with Cloud 9 ERP Solutions, a Gold-Certified Acumatica Partner. At Cloud 9 ERP Solutions, we specialize in providing full-service Acumatica implementations for clients in sectors such as manufacturing, e-commerce, distribution, and many others.
If you would like to start your transition to the world’s top ERP, schedule a demo of Acumatica ERP software today.
