- If you choose to adapt, then you need to find a solution that will give your business the operational framework it needs to survive and thrive now, and into the future.
- And if you don’t adapt… Well, that doesn’t bear thinking about.
Is an ERP solution the answer?There are a few red flags that will let you know your current systems are beyond their working life and that it’s time to consider an ERP solution, like MYOB Exo Business or MYOB Advanced Business. Flags you need to pay attention to:
- Your finance team is always being asked for more up-to-date figures. Without the latest information, you can’t make fast, effective decisions, or respond to clients in a reasonable amount of time.
- Your field staff can’t easily access the information they need when they need it. Mobility and accessibility is critical in today’s work environments – particularly if you’ve got staff in the warehouse, in the field or on the road.
- Your current systems don’t talk to one another. You store different information in different places, and consolidating it (for reports and business intelligence) is a slow process with a high risk for errors and inaccuracies.
- Your capacity for growth is stunted. Slow processes, heavy overheads, and inaccurate business information can take up valuable time, not to mention add to staff (and customer) stress levels.
Costs versus benefitsThere are a lot of different factors that go into your continuing success, but having the right system in place plays a big part that can’t be undervalued. Shifting to a mid-level ERP solution like MYOB Exo or MYOB Advanced will help boost staff productivity and satisfaction, allow you to be more responsive to your clients’ needs, and give you more flexibility to adapt as you grow. In terms of return on investment, there are some immediately apparent outcomes you can expect from moving to an ERP.
- Direct benefits – save money, reduce costs (e.g. less overtime, expediting, inventory control), increase productivity and throughput (less re-work), reduce waste, improved visibility across the business, scaleability.
- Indirect benefits – better work satisfaction and staff retention, increased market agility from improved business insights, less down time and workplace stress caused by unpredictable scheduling or out of date information.
- Boost revenue and profit – improved customer service (e.g. better quality information and response times, more on-time deliveries, shorter lead times), improved sales and margins from faster time-to-market and reduced development costs.
Take the next step and get some helpIf you’re starting to experience any of these red flags, it’s time to contact us for a FREE ASSESSMENT of your current systems. We’ll provide advice on what may need to change to streamline data capture and reporting and prepare your business for growth.
Photo by Austin Chan on Unsplash