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THE
How can Small and Medium Enterprises benefit by adopting ERP Solutions
SME’s need to make the best use of resources to compete
in a highly competitive & dynamic environment
● Small and Mid-Sized Enterprises (SME’s)
not only have limited resources but a
significantly lower margin of error.
● An Enterprise Resource Planning (ERP)
system can provide the control and
flexibility required to make this happen.
● It is crucial for SMEs to:
- Have absolute visibility over their business
operations
- Be nimble enough to quickly enhance core
business capabilities
- Implement more effective and sustainable
business practices
- Capitalize on new opportunities.
● Having several stand alone software to
manage functional complexities will
require manual reconciliation of data.
● This results in delays, errors and distrust
– lowing the usefulness of data for
decision making
ERP Benefits to SMEs
Integrated Data Management
● An ERP system collects, stores, interprets and
manages data from various functional areas of
the business such as:
- Finance
- HR
- Production
- Project Management
● The ERP is a single source of truth – Enabling
effective management of all business functions
and effective decision making.
- CRM
- Procurement
- Supply Chain
- And More…
ERP Benefits to SMEs
A Digital Core
● Most SMEs have very limited:
- Control over their process flows
- Clarity over their operations & financials
- Visibility over their supply chain
● ERP enables a digital core, giving the
business complete visibility and control
over their process flows, collecting data at
each step in the process.
● The digital core also enables companies
anticipate future requirements and
potential issues and take the right proactive
steps to manage them.
● ERP systems give businesses access to
business intelligence and analytics on
the go.
ERP Benefits to SMEs
Real-Time Business Insights
● Users can choose KPIs and create reports to
track critical business functions and make
highly informed decisions.
● ERP systems can help businesses
leverage best practices, making them
faster, simpler and more efficient.
ERP Benefits to SMEs
Reshape Business Processes
● Best Practices make businesses more agile
and resilient, enabling them to:
- Identify and capitalize on opportunities
- Innovate faster
- Face challenges in their growth path.
● Implementing an ERP system will:
- Streamline workflows
- Decrease inventory carrying costs
- Reduce lead times by reducing
unnecessary steps in production and
delivery
- Reduce payment processing and paper
cost.
ERP Benefits to SMEs
Cost Reduction
● Businesses can build and manage their
supply chain in real-time enabling faster
time to customer – reducing opportunity
costs associated with longer fulfilment times.
● An ERP serves as a backbone for
sustained growth in an organization.
● Adopting best practices and automated
work-flows that come with ERP systems
will ensure that your business processes
do not buckle under the pressure of
intensive business scenarios.
ERP Benefits to SMEs
Scaling the Organization
● ERP systems will ensure that everything
moves forward without errors, missed
deliveries, inventory hiccups or
miscommunication.
ERP Benefits to SMEs
Implement Intelligent Technologies
● ERP Systems come with an integrated digital
core enabling digital transformation within
enterprises.
● The digital core effortlessly connects people,
devices, business networks, and more so
that businesses can leverage these new
disruptive technologies and gain a competitive
edge.
● Emerging Technologies such as Big
Data, AI, IoT, Conversational UI, Mobility,
Cloud Computing, etc. are are game
changers for those who are able to
harness them effectively – Especially
SMEs
● Fast-Growing SMEs are significantly
more likely to indicate major progress
towards digital transformation. This
means that the digitization of business
processes can be an enabler of growth.
(Source: IDC)
ERP Benefits to SMEs
Automating Functions
● ERP systems help to automate workflows
and certain business functions that involve
manual, repetitive tasks
● Automation frees up employees to focus on
higher-order innovative tasks & business
owners to focus on strategy for business
growth.
● ERP systems serve as a single repository of organization data
ERP Benefits to SMEs
Single Source of Data
● Brings a high level of consistency and efficiency across all business processes and functions.
- Vendors
- Customers
- Products
- Raw Materials, and components
- BOM
- Production processes
- Work processes
- Document flows
- Routines
- And More…
SAP Business ByDesign :Conclusion
● An intelligent ERP solution can ‘future proof’ your
business, and set you up on the path of sustained
growth.
● In a competitive marketplace, an organization’s
systems can be a key competitive advantage – A
business that is committed to superior systems will
eventually emerge above the less efficient ones.
Want to know more?
Contact us today at:
connect@imark360.com
for a free demo, discussion, and evaluation of
your business.

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How can small and medium enterprises benefit by adopting erp solutions.

  • 1. THE How can Small and Medium Enterprises benefit by adopting ERP Solutions
  • 2. SME’s need to make the best use of resources to compete in a highly competitive & dynamic environment ● Small and Mid-Sized Enterprises (SME’s) not only have limited resources but a significantly lower margin of error. ● An Enterprise Resource Planning (ERP) system can provide the control and flexibility required to make this happen. ● It is crucial for SMEs to: - Have absolute visibility over their business operations - Be nimble enough to quickly enhance core business capabilities - Implement more effective and sustainable business practices - Capitalize on new opportunities.
  • 3. ● Having several stand alone software to manage functional complexities will require manual reconciliation of data. ● This results in delays, errors and distrust – lowing the usefulness of data for decision making ERP Benefits to SMEs Integrated Data Management ● An ERP system collects, stores, interprets and manages data from various functional areas of the business such as: - Finance - HR - Production - Project Management ● The ERP is a single source of truth – Enabling effective management of all business functions and effective decision making. - CRM - Procurement - Supply Chain - And More…
  • 4. ERP Benefits to SMEs A Digital Core ● Most SMEs have very limited: - Control over their process flows - Clarity over their operations & financials - Visibility over their supply chain ● ERP enables a digital core, giving the business complete visibility and control over their process flows, collecting data at each step in the process. ● The digital core also enables companies anticipate future requirements and potential issues and take the right proactive steps to manage them.
  • 5. ● ERP systems give businesses access to business intelligence and analytics on the go. ERP Benefits to SMEs Real-Time Business Insights ● Users can choose KPIs and create reports to track critical business functions and make highly informed decisions.
  • 6. ● ERP systems can help businesses leverage best practices, making them faster, simpler and more efficient. ERP Benefits to SMEs Reshape Business Processes ● Best Practices make businesses more agile and resilient, enabling them to: - Identify and capitalize on opportunities - Innovate faster - Face challenges in their growth path.
  • 7. ● Implementing an ERP system will: - Streamline workflows - Decrease inventory carrying costs - Reduce lead times by reducing unnecessary steps in production and delivery - Reduce payment processing and paper cost. ERP Benefits to SMEs Cost Reduction ● Businesses can build and manage their supply chain in real-time enabling faster time to customer – reducing opportunity costs associated with longer fulfilment times.
  • 8. ● An ERP serves as a backbone for sustained growth in an organization. ● Adopting best practices and automated work-flows that come with ERP systems will ensure that your business processes do not buckle under the pressure of intensive business scenarios. ERP Benefits to SMEs Scaling the Organization ● ERP systems will ensure that everything moves forward without errors, missed deliveries, inventory hiccups or miscommunication.
  • 9. ERP Benefits to SMEs Implement Intelligent Technologies ● ERP Systems come with an integrated digital core enabling digital transformation within enterprises. ● The digital core effortlessly connects people, devices, business networks, and more so that businesses can leverage these new disruptive technologies and gain a competitive edge. ● Emerging Technologies such as Big Data, AI, IoT, Conversational UI, Mobility, Cloud Computing, etc. are are game changers for those who are able to harness them effectively – Especially SMEs
  • 10. ● Fast-Growing SMEs are significantly more likely to indicate major progress towards digital transformation. This means that the digitization of business processes can be an enabler of growth. (Source: IDC) ERP Benefits to SMEs Automating Functions ● ERP systems help to automate workflows and certain business functions that involve manual, repetitive tasks ● Automation frees up employees to focus on higher-order innovative tasks & business owners to focus on strategy for business growth.
  • 11. ● ERP systems serve as a single repository of organization data ERP Benefits to SMEs Single Source of Data ● Brings a high level of consistency and efficiency across all business processes and functions. - Vendors - Customers - Products - Raw Materials, and components - BOM - Production processes - Work processes - Document flows - Routines - And More…
  • 12. SAP Business ByDesign :Conclusion ● An intelligent ERP solution can ‘future proof’ your business, and set you up on the path of sustained growth. ● In a competitive marketplace, an organization’s systems can be a key competitive advantage – A business that is committed to superior systems will eventually emerge above the less efficient ones. Want to know more? Contact us today at: connect@imark360.com for a free demo, discussion, and evaluation of your business.