ERP Software Benefits For Small Businesses & Tips For Fitting It Into A Small Business Budget

Posted on: 19 December 2016

If you own a small business, then you may or may not have heard of enterprise resource planning software, or ERP, software, and how it can help you operate your business much more efficiently. If you don't know how ERP software works, then you can read the basics about it below. If you have heard of it and would love to use it to help boost virtually every aspect of your business, then you may wonder how you can take advantage of it without spending a small fortune on a software program, such as Microsoft GP, the license fee, the hardware needed to run it, and the cost of someone to train you and your employees how to take full advantage of all it offers. 

Read on to learn the benefits of ERP software for your small business and tips for fitting its cost into your small business budget. 

How ERP Software Benefits Small Businesses

If you typically keep your business records, such as inventory tracking spreadsheets, sales data, marketing plans, and financial records, on random spreadsheets here and there or, even worse, don't keep some of them at all, then you can use an ERP software program not only to keep all of these records in one place, but to gain important insight into how they relate to one another.

When you keep all of your records in an ERP software program, you can streamline your record-keeping by only having to enter information once and allowing the program to transfer the data to all of your other records.

However, that is not the only, or even main, benefit of ERP software. The programs can help you stay on top of market trends and forecasts, find out which marketing campaigns are paying off and exactly how much you are earning from them, and even find out where you can cut costs in the supply chain. 

An ERP software program is also highly customizable, so you don't have to worry about logging in and looking at a chart that doesn't apply to your business at all or that you just think is "clogging up" your dashboard. You download your own ERP modules, such as an employee management modules, inventory modules, accounting modules, and virtually any other useful business tool you could possibly imagine, leading to a program that helps you track only what you need when you need it. 

Fitting ERP Software into Your Small Business Budget

If you have browsed online for ERP software or spoke to another business owner about theirs, such as the increasingly popular Microsoft GP, then you may have found out that purchasing the software and license outright would cost you thousands of dollars. On top of the software cost, you may need to purchase a new computer to run it on as well as spend hours learning how to use it and hours training your employees how to use it while they are "on-the-clock" and earning a wage from you.  Of course, even though it will benefit you greatly and likely pay for itself many times over, you just may not have the cash to purchase it or just don't want to purchase the software until you know exactly what your business will get out of it. 

You can reap the benefits of the most popular ERP program today, Microsoft GP, by opting for GP SAAS (Software as a Service). All you have to do is find a company that offers GP online for a flat monthly fee, and you can get started with the ERP software for very little and pay just a small fee on a regular schedule to continue using it to improve your business. 

Along with not having to pay for the entire software program, the first license and later renewal licenses, and the many other costs of owning the full software program, companies that offer GP online typically help you learn how to use the program for little to no additional charge and are available to answer any questions you have about the program any time while you are a subscriber. 

If you own or manage a small business, then the right ERP software can help make running your business easier and potentially more lucrative. While ERP software can be expensive, you don't have to pay thousands of dollars to get started using it if you opt for GP SAAS, which can fit right into your small business budget.