"Companies are cutting back on people and need to get more work done with fewer people, so they are looking to technology like ERP, that can help them do that," said Scavo, president of Computer Economics Inc. in Irvine, Calif., which studies how businesses use information technology. "You can never replace good business judgment, but you can use technology to make the business more effective. That would help any size business."
With advent of ERP systems designed specifically to meet the needs of the SME market systems are now well within the reach of small to medium sized businesses.
Employees that have come from larger corporations that are now involved in smaller businesses are driving the purchase of ERP systems in the sector as they have firsthand experience of the benefits they can bestow.
Increasingly complex issues that emanate from a rise in global commerce and operations such as multi-currency issues, import/exports, foreign language and supply chain management and compliance with local tax regulations are also a key driving factor for smaller companies considering the implementation of an ERP system.
ERP helps any size business centralise information, which saves time in finding and accessing that data to generate reports, and make certain tasks routine. Though put off in the past the change in the precedence of implementing an ERP solution appears to be now.
Small businesses constitute a major segment of overall business productivity. Adopting ERP is the best step that SME’s can take in order to increase their productivity and ROI.
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