6 signs your business needs an ERP system

23 September, 2020


As your turnover increases, your accounts software has to catch up. ERP can successfully help you by organizing your tasks and managing your business better.

When you started your business, chances are you started out small. All the systems available to you were sufficient for your needs. As your business grows, so do your requirements. When a handful of orders a day turns into dozens and then hundreds, a simple email will no longer suffice. As your turnover increases, your accounts software needs to be up to scratch. There comes a point for every business where so much time is spent managing processes, so we begin to look for solutions, to make everything easier and free up some time for other endeavours.

An ERP (Enterprise Resource Planning) system is the perfect solution for a business that has outgrown its beginnings and needs to take that next step forward. Such a system enables the standardization of all business operations making life so much simpler. Up to date information is available across the business and process automation becomes far easier.

Is it time for you too to put an ERP system in place? Here are some signs that it could be a wise investment now…

  1. Stock tracking errors are leading to customer disappointment

Your business is nothing without your customers, and it’s their repeat business and recommendations that are vital. But when your business grows, keeping track of stock levels in real-time can become a big issue. With an ERP system in place, you’ll always know exactly what is in stock, and the data can be used to notify you when a particular item is running low. Wouldn’t it be nice to never have to cancel an order because you don’t have the item in stock?

  1. Frustrations arise from lack of access to systems

Are you constantly being asked for information because not every member of staff has access to all the data they need? With an ERP system, everyone can access everything they need, when they need it.

  1. The current systems are costly to run

With several stand-alone systems, the IT costs, both for maintaining the hardware and keeping the software up to date, can become very expensive. Consolidating to one all-encompassing ERP system can dramatically reduce your outgoings. Even better, with a cloud ERP, all infrastructure costs can be eliminated.

  1. The finances are getting too complicated

The larger your business, the more accounting, and bookkeeping there is to be done, and this can quickly become a mammoth task without a proper system in place. With an integrated ERP system, it’s easier to consolidate information from different departments and different subsidiaries meaning there’s less chance of error, and making reports for investors or tax purposes is simple.

  1. You’d like greater analytical potential

Analytics are so important these days. With good analysis software, you can stay ahead of the competition by gaining an invaluable insight into your business. But for that information to be reliable, you need good data to start with. An ERP system will make it easy for you to gather all your data in one place to be analyzed and used to your advantage.

  1. You need access to your software away from the office

The ability to work remotely, from home or while travelling, is so important these days. Utilize a cloud ERP system and you can gain access to all the software you need, no matter where you are. You only need an internet connection and you are good to go!

Interested in learning more?

Oracle NetSuite is a top-notch cloud ERP system. NetU holds the rights for implementing NetSuite ERP across Greece and Cyprus and we have the right expertise in all aspects of ERP for businesses. We understand that every business is different, so we ensure that your ERP solution is perfectly tailored to your particular business needs. Do get in touch if you’d like to know more about the services we offer, visit our website, or drop us a line if you have any questions.