Legal Software

November 1, 2009

Small business ERP summary explanation

small business erp

Small business ERP is now affordable by every business that understands the need for one system

Every hour in your business, you and your team are engaged managing different activities like serving prospects and customers, following up opportunties, managing the sales paperwork, booking time to projects and tracking stock. Every thing you do in your business has some financial implication so you’ve got to keep your accounts accurate, keep a vigilant eye on what money is coming in and used….and forecast your sales and cash flow. Every sale, every expenditure you make and every job or project you undertake creates a trail of paperwork.

And from the minute you follow up an enquiry to the minute your business receives the cash, you have to be able to record and view detailed information about every action in these processes. You and your team need round the clock views of this data from wherever they work. And you, your managers and team leaders need an end to end and complete view of every key action and the opportunity to quickly drill down on any balance or task to view, comprehend and follow what is happening where, when and why it’s happening and if these activities are being managed smoothly.

Small business ERP – how it can make a difference

What gets tracked gets refined so it’s vital the undertakings in every key process in your organisation can be tracked and measured as they happen so you and your employees can take advantage of opportunities, identify and get to grips with issues before they become tragedies and manage your business processes effectively.

To do all of this and continually have a complete picture you don’t need bookkeeping software, you don’t need a customer relationship management system, you don’t need a time capture system, an employee expenses tracking system or a stock control system. You need one system that has all of this in a single environment and lets you give access to all of the key workers in your business where ever they might be working. A single system  that gives a concise view of your company, so you continually know what’s happening and lets you manage your business in the way that works best for you and your managers.

You need small business ERP

October 18, 2009

Wisdom from a small business owner – Why small business ERP is key to your survival

erp for small business

Commercial organisations need efficient process, the focus of leadership and structure that can stretch to enable the business to grow safely as a massive 55% of businesses fail in their first five years of existence. The observers offer shallow explanations as to why this occurs. I consistently see three key reasons why this tragedy occurs so often and to so many individuals with different experience, qualifications and skill.

The first reason is lack of market comprehension.

Refusal to look at the water ahead. For example Individuals have the concept, create the product and then sit back and wait for the market to flock and purchase. In information age there is no excuse for lack of investigation before spending any time and cash on creating a product until you have firm confirmed there is a market.

The second reason is lack of comprehension of the basics of business.

A significant proportion of people starting a company know their trade, how to offer a service or manufacture a product, but know very little about running a company.  Being able to understand and track the balances in the Income statement or the balance sheet is an essential skill. The basic knowledge of accounting is rarely imparted well by the business publications, online resources and those with the knowledge such as accountants and bookkeepers. Companies such as Sage software and Intuit callously hoodwink business managers with their messaging that their packages are the cure for all ills.

Small business accounting software isnt a complete answer.

Until recently ERP software solutions and packages were the privilege of larger enterprises who had figured out that the back and front office systems need to be joined together to give a complete picture of the business. One vendor NetSuite had the foresight to see the opening in the market and started selling its small business ERP software. NetSuite competitors have since emerged.

The final reason businesses don’t survive is because of a dirth of process and procedures that provide the essential disciplines and continuity a business must have to perform effectively.

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