Why Every Small Business Needs an ERP: The Unofficial Small Business Guide
Are you looking to grow your small business? An Enterprise Resource Application (ERP) such as NetSuite provides the backbone of any business looking to scale.
Although many smaller businesses think they’re too small to need an Enterprise Resource Planning (ERP) platform, many small companies are actually the size that can benefit the most from the software. Many small businesses aren’t making the most of the opportunities that come their way because they don’t have an integrated platform that can take care of all of their business and accounting needs in a single unified application.
Why Every Small Business Needs an ERP
The basic definition of an ERP is a specialized tool that provides managers with a centralized view of finances, sales, procurement, manufacturing, customers, vendors and product information. While this is a simple definition, it's also not the full scope of what ERP encompasses. For starters, an ERP is not the same as an accounting software. ERP isn't just a pretty front-end interface that looks nice and allows you to do the math. An ERP is a complete and integrated suite of software and services that manages your entire operation from a centralized dashboard.
An ERP such as NetSuite will typically be used to keep track of a company’s financials, inventory, purchasing and sales, and customer-facing processes such as customer relationship management (CRM) and sales. With the right ERP, businesses can increase the efficiency of their management, better support their customers, and build a more focused marketing strategy.
You can’t grow if you don’t have a system for tracking information. Without an integrated ERP system, small and midsize businesses are operating in a silo, creating huge barriers to growth.
You may have heard that ERP solutions are intimidating, but don't worry, the good news is that setting up an ERP can actually be quite simple when you select the right system and implementation partner. CEBA Solutions is a solution partner of NetSuite ERP and we help small business scale their businesses with NetSuite.
There are various reasons why a small business might be considering an ERP, including faster time-to-market, cost-saving, and time-saving benefits. Although it may seem expensive, it is not and is wise investment in your companies future.