That ERP application is essential for integrating and automating the key business processes and allowing smooth business operations requires no introduction. However there are certain misconceptions associated with Enterprise Resource Planning (ERP) and the features you can get from it. Here are a few misconceptions you should be aware about this advanced application.
Misconception: ERP only is meant for large size businesses
Earlier, a large number of big companies largely dominated the market of ERP buyers. But now the scenario has changed completely. Today, the cloud technology has made Enterprise Resource Planning more affordable for the small businesses since they do not need to host on-premise hardware infrastructure.
Misconception: ERP does not play role in business decision making
ERP application for jewellery, manufacturing, retail, auto spare parts and other industries allows business executives with overview of comprehensive business execution, which also influences the decision making in productive manner. It won’t be an exaggeration to say that ERP application is the best tool for decision making for the entrepreneurs.
Misconception: ERP is One Size Actually Fits For All
You should go for the one that actually caters to your need. It is vital to remember that different ERP applications serve different purposes, whether it is process manufacturing, financial needs, Customer Relationship Management and so on. No single solution is considered to be fit for every business.
Misconception: ERP may be rigid as well as nonflexible
ERP technology is evolving as well as flexible to updates as per current industry trends and also vertical requirements. In fact, premium ERP application would allow high degree of flexibility for customizing functionality. Moreover, this cutting edge ERP application offers flexibility in allowing production of reporting, dashboards as well as analytical evaluation for smart decision making.
Misconception: ERP is part of IT only
ERP is business asset that seem to work well across all the departments. To enable it work properly, there are several hands that should be on it besides IT. In fact, each and every department plays an integral part in using this advanced ERP application.
In a nutshell, Enterprise Resource Planning (ERP) is a system that actually varies in functionality from business to business. What may not have worked for a company, may work good for your company. Mapping the correct version of ERP application for your business is important. Get rid of the misconceptions associated with ERP application and make use of it for business planning and management.
