ERP helps in optimizing your business’ internal value chain. It is the solution to your problems of scalability and data flow within the organization. You have information at your finger-tips, real time. However, you might think that ERP solutions are at the very best an off-the-shelf product. How well can it help you and your business’ specific needs? This question brings us to think about the alignment of the requirements that a business has from ERP software and how the software can deliver and match up to expectations.
ERP can be customized according to the customer’s needs. However, most ERP vendors often advise against it. Present ERP systems have been built over a foundation of tried and tested methods and best practices. More often than not, problems that SMEs currently fear facing in ERP implementation have already been dealt with and addressed by the current breed of ERP software. This partially solves the worry of business process going topsy-turvy during an ERP software implementation. Standardization in this case can help address problems better than customization of the ERP software.
Flexibility over Standardization
There is however one thing that trumps standardization and that is flexibility. Even if you implement standardized ERP software you will need to constantly upgrade and update it. Technology is a dynamic variable and as such it demands continuous upgrades. You should ensure that every time there is a change in any business process, you update your ERP software too.
For example, your business must comply with certain financial regulations. You should check that your ERP accounting software is designed to ensure compliance with such regulations. Finance is the life blood of business, and there are major regulatory frameworks to adhere to when it comes to finance. Properly implemented ERP accounting software will help you make sure that there are no breaches.
Flexibility also means scalability
With the rise in ecommerce, SMEs are scaling globally. They deal with customers overseas and ship their products all over the world. Dealing with customers around the world means having your systems and business processes running 24/7. This can be achieved effectively only when you have holistic ERP software implemented. Scalability also means an increase in manpower within your business. Increased workforce calls for Human Capital Management, which is another area where ERP can help you perform effectively.
In short, ERP software can mean a world of difference to your business. You will need to identify your business’ specific requirements well and communicate them to your ERP vendor: so that they can provide to you a standardized yet flexible ERP solution that can help your business grow exponentially.