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Reasons to Implement ERP Software for SMEs

:- A successful ERP implementation in SMEs is a turnkey proposition that renders benefits like increased productivity, enhanced collaboration, value-added management, improved customer satisfaction, strategic approach, allowance for disrupting the traditional business model and robust it infrastructure.

BrianBurell
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Reasons to Implement ERP Software for SMEs

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  1. Why is ERP Software Implementation Essential for Small and Mid — Scale Enterprises (SMEs)? www.katalysttech.com

  2. Enterprise Resource Planning software is an advanced technology that is the outcome of intelligent information science. In simple words, ERP software incorporates and integrates information and data analytics across the multiple organizational processes in the enterprise. The strategic intent is to create a unified pool of enabling technologies that are aligned towards resource optimization. ERP is a fully automated e-enabled system that governs the flow of standardized and centralized information internally as well as externally with stakeholders. Reference Link - https://medium.com/@katalysttechnologies/why-is-erp-software-implementation-essential-for-small-and-mid- scale-enterprises-smes-e02125acf0c2

  3. The myth about ERP implementation in Small and Medium Enterprises (SMEs) The status of ERP in SMEs is not very appreciable. Small enterprises continuously face a dilemma of whether to invest in ERP or not. Since start-up companies are executed single-handedly based on ad hoc decision making supported by manual spreadsheets; the need for ERP looks so unapparent. However, as business catches the speed and starts hitting the numbers, there is no looking back! At this point of time, when the business is in the transition phase from smaller to medium scale, it gets challenging to scale up their operations and processes in the face of digitization thus ending up with frustration and lost control. On the one hand, the money starts walking out of the door whereas on the other hand significant obstacles are experienced on the growth path. The companies stumble as they find themselves incapable of ascertaining the impact of an ERP system on productivity and try to manage with disparate applications for multiple operations. The myth prevails that they can’t afford an integrated ERP with declining productivity. Further, with the advent of sophisticated ERP solutions from SAP and Oracle, the perception is that ERP is for larger enterprises and not for small and medium-scale ones. Additionally, the discernment is strengthened when ERP is termed as a Big White Elephant project involving complicated transactions and, high cost of implementation, execution, and maintenance. However, the reality should be: Why not to invest in ERP to save costs and improve efficiency? Why not look at the cost affordable options available with other reputed vendors in the industry? Get in Touch - https://katalysttech.com/get-in-touch/

  4. What are the challenges faced by SMEs in the current landscape? Digital economy, coupled with data analytics, is driving the businesses these days. Agility and responsiveness have become vital ingredients of the recipe that develops customer delight. However, SMEs are facing bottlenecks as they are not able to meet the customer demands, manage the growing volume of scattered data, and finally running short of cash because of non- refined business processes. They have visions on the paper to expand but do not have any direction based on hardcore data analytics. The bottom line is, The pain points for SMEs are growing with the same velocity and intensity with which their global partnerships and value networks are growing. Even the advanced tools remain underutilized in the absence of effective planning and scheduling system like ERP. The need of the hour is to invest in a robust solution that can integrate multiple businesses, processes, functions, geographies, and mechanisms into a single centralized solution. Think about payoffs and not the costs when you think of ERP However, it has become a reality for SMEs as they get the privilege of customized ERP packages and also the prerogative to streamline the processes gradually by implementing ERP in phases. Call Us @ Evanston - +1 847 425 4321, Atlanta - +1 678 684 5300

  5. A successful ERP implementation in SMEs is a turnkey proposition that renders the following benefits: 1. Increased Productivity: ERP is effective in reducing manufacturing lead times, and inventory and warehousing cost, thus creating a positive impact on efficiency and profitability. Moreover, data accuracy yields reliability leading to zero error rate. The net result is visible on the financial performance of the company. 2. Enhanced Collaboration: ERP leverages the use of massive data, thus increasing the ability of companies to manage suppliers, alliances, customers, and stakeholders as an integrated unit. 3. Value-added Management: ERP software is the right answer when SMEs chase for strategic alignment between all functions. With ERP; workforce management is strengthened, asset management is improved, inventory management is streamlined, supply chain management is deepened, and thus, production management moves towards the higher output. 4. Improved Customer Satisfaction: As alignment between various processes leads to optimal utilization of resources, companies can improve their speed of order processing, billing, delivery, and reduce the response time for customer service. 5. Strategic approach: ERP improves the strategic capabilities and competitive position of the small and medium scale companies. They can accomplish a sustainable business growth by gaining new alliances, enabling business innovations, acquiring cost leadership, creating product differentiation, and expanding the operational boundaries geographically. 6. Allowance for disrupting the traditional business model: When equipped with relevant data and advanced technologies, the small and medium scale firms can introduce inventive business models, thus catering to the evolving customer expectations. They can analyze voluminous data to predict the scope for improvement in the near future. 7. Robust IT infrastructure: ERP integrates legacy systems, eliminates multiple data centers, and upgrades system architecture rendering stability and flexibility in the systems, thus strengthening the IT capabilities of the companies.

  6. Why is this the right time? There is no better time than this to consider the ERP implementation for SMEs. ERP Software is now available at affordable prices with reputed providers in the industry. Further, it is possible to adopt a phased model rather than a comprehensive transformation at one shot. The SMEs can adopt an agile model as per the market demand by partnering with technology integrators right from the pre- implementation to the maintenance phase. Moreover, it is the time of bespoke models that suit the business needs. It is critical to consider a vertical alignment in the ERP software that allows specific functionalities for different industry domains. The technology enablers allow producing tailored interfaces that are governed by customized workflows and business rules. Thus, it is high time when SMEs should adopt ERP software to attain a competitive and sustainable edge. CeleroERP from Katalyst Technologies is a high performance and highly customizable Enterprise Resource Planning (ERP) solution for small- to medium-sized enterprises (SMEs) operational across varied industry verticals. The application contains integrated modules covering Warehouse Operations, Sales, Customers, Vendors, Purchases, Inventory, and Accounting. CeleroERP is helping provides businesses to stay ahead of the technology curve with Business Intelligence and big data analytics capabilities.

  7. Katalyst Technologies is a leading IT services and solutions company servicing clients in the manufacturing, wholesale distribution, life sciences, e-commerce, logistics, and retail sectors. We provide industry – specific IT products, strategies and solutions for companies implementing large-scale and transformational projects. Our business and technology experts are highly-skilled and work seamlessly across multiple geographies, with a global footprint in the U.S, U.K, India, and Germany. We specialize in the areas of Digital & e – Commerce, Enterprise Resource Planning, Supply Chain Management, Engineering and Manufacturing, Professional Services and e – Publishing. USA Evanston +1 847 425 4321 Atlanta +1 678 684 5300 UK INDIA Hadapsar, Pune +91 20 6709 3939 Valasaravakkam, Chennai +91 44 4294 3400 Basavanagudi, Bengaluru +91 80 2677 0101 Teddington +44 208 943 5589 sales@katalysttech.com

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