It’s only a matter of time before your business experiences the growth that you have carefully planned. You may offer a new line of products or services, increase the number of customers that you service, and add to your headcount to pick up the extra workload. You may also want to bulk up your technology and here’s why.
Entry-level software is for entry-level businesses. Most small businesses can get by with basic accounting software, payables and receivables for example. Small businesses often have a low volume of simple financial activities and data to manage. However, with an increase in business you’ll see a corresponding increase in the volume of financial data that is being produced. Entry-level accounting solutions can’t handle large volumes of data. In addition, there is often a limit as to the number of people that can be in that software program at the same time. Finally, accounting software only provides limited financial insight. As your business expands, you may want to monitor labor productivity, the cost of inventory and other business processes, and the profitability of your products and services. At this point, you need more than entry-level software, you need an enterprise resource planning (ERP) solution.
A robust ERP solution, such as Microsoft Dynamics® GP, can provide the support you need for your growing business. This business management solution was designed to handle larger volumes of data and the different types of data you need to manage your business from the front office to the back warehouse. You can manage accounting and financial processes, supply chain and inventory, manufacturing and distribution operations, human resources and payroll, and other core processes from this single solution. You can provide full or limited access to data and specific processes to your team and access data from nearly anywhere and at any time. Using RoleTailored dashboards, you and your managers can monitor real-time data and activities from the convenience of your desk or from mobile devices when you are visiting customers or out to lunch.
A growing business generates data that increases in both volume and complexity. The time will soon come when entry-level business software will simply no longer fit. Contact Premier Computing, Inc. for guidance on moving into a more robust ERP solution that can support your expanding business today and into the future.
By Kerry Draper, Premier Computing, Inc., a Microsoft ERP and CRM Partner out of Utah