Top 5 Features to Look for When Choosing the Best ERP System
What is an ERP system? It’s the software that you need to ensure effective management and integration of all parts of your business.
But you already know that. You’re likely on the hunt for the best ERP system and wondering what features to look out for in these web-based platforms.
Choosing the right ERP system will eliminate the need for duplicate, costly, and incompatible technologies. Check out these top 5 features to look for when choosing the system for your business.
1. Integrations
Can the ERP software integrate with your other established systems? It’s not only important to consider whether integration is possible, but also how the systems will integrate.
What you’re looking for in ERP systems is one that comes with simple, yet extensive integration options. The last thing you want is to have to switch out all of your current systems to accommodate the new ERP system.
Avoid inefficiencies, errors, and missed opportunities by ensuring integrations throughout the company.
2. Value for Money
The benefits of an ERP system are huge…is your budget too? Once you’ve determined the budget for ERP software, you need to find a solution that offers the best bang for your buck.
Ideally, the chosen ERP system will have flexible pricing options and unique features. Check out the guide to Acumatica Pricing for small business to get an idea of what this looks like.
3. Enterprise-wide integration
Whether your business is a humble SMB or a massive enterprise, the ERP system you choose should allow company-wide integration. This means that the software is applicable to every department and operation in the company.
This is an important feature as it creates consistency. It also avoids the need for different systems and cross-sharing data, which could cause a lot of headaches.
4. Automation
Automating repeatable business tasks is a massive benefit of ERP systems. It reduces time and money spent on manual data entry, minimizes errors, and frees up employee commitments to focus on tasks that matter.
Any ERP system automates tasks such as payroll, invoicing, and reporting. However, it’s worth looking for a tool that has a smooth, extension automation service.
5. Reporting
While reporting is a standard feature of ERP systems, all are not made equal. Reporting modules are vital to the proper functioning of your business.
When choosing an ERP system, look for a solution with comprehensive reporting modules. This feature should offer visual representations and detailed data reports.
Find out how the system compiles the reports so that you can understand the accuracy and consistency before you purchase it.
Find the Best ERP System for Your Business
Don’t rush into finding the best ERP system for your business. It’s well worth taking the time to research your options and select the solution with all the right features.
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