An ERP system can provide several benefits for small and medium enterprises by helping to integrate and manage business data, provide real-time insights, and automate processes. It allows for improved decision making, more efficient workflows, cost reductions, and enhanced productivity to support an organization's growth. By implementing an ERP system, a small or medium enterprise can gain visibility across their operations, leverage best practices, and scale effectively in a competitive marketplace.

1. HOW CAN SMALL AND MEDIUM
ENTERPRISES BENEFIT BY ADOPTING ERP
SOLUTIONS ?

2. INTRODUCTION
 Enterprise Resource Planning (ERP) system
can provide the control and flexibility to SMEs
in Managing their business Process.
 It helps in proper Utilisation of Recourses and
achieve its goal especially for small and
Medium Enterprises.
 ERP system provides visibility over their
business operations and also captures
new opportunities in Market

3. SO HOW CAN ERP SYSTEMS BENEFIT
SMES?
 Integrated Data Management
An ERP system can collect, store, interpret and manage data from various
Business function by keeping track of all data generated in different streams
which avoids delays, errors and a general distrust of the data for better
decisions.
 A Digital Core
It enables a digital core, which gives businesses complete visibility and
control on their process flows. Data is collected at each step in every process
to enables these businesses to anticipate future issues and take proactive
steps to avoid them.

4.  Real-Time Business Insights
ERP system enables Free flow of Business functions, benefits from Real-times
Information where Users can choose their KPIs and create custom reports E.g.,
manufacturers can track cycle time, this insights can be accessed at any time
anywhere.
 Reshape Business Processes
ERP systems can help businesses to leverage best practices to improve business
processes, make them faster, simpler and more efficient which makes businesses
more agile as well as resilient especially SMEs, so they can spot opportunities,
innovate faster and also face challenges in their growth path.
 Implement Intelligent Technologies
ERP solutions provide the digital core like Cloud Computing, which can connect
effortlessly with people, devices and business networks, so businesses can easily
embrace these technologies and gain a competitive edge

5.  Cost Reduction
Implementing an ERP system will streamline workflows, decrease inventory carrying
costs, reduce lead times by reducing unnecessary steps in production and delivery
and reduce payment processing and paper cost.
 Scaling the Organization
An ERP system can serve as a back-bone for sustained growth in your organisation
which will keep the track of all processes and workflows and also it will ensure that
everything moves forward without errors, missed deliveries & miscommunication.
 Automating Functions
ERP systems help to automate workflows and certain business functions that
involve manual, repetitive tasks. Automating manual tasks will free up your
employees to focus on higher order innovative tasks and Top Management can
focus on strategy for business growth

6.  Enhancing Productivity
ERP systems serve as a single repository of organization data like vendors,
customers etc which enables a high level of consistency and increases efficiency
which results in increased productivity

7. CONCLUSION
In a competitive marketplace, an organization’s systems can be a key
competitive advantage. Thus, an intelligent ERP solution will ensure all
the needs of the business can be achieved on time without any
Complexity and cost.