According to an Aberdeen white paper entitled The Cost of Doing Nothing, 49% of companies said they don’t have an ERP system in place because they are too small. And about 26% of respondents claimed they got along just fine without an ERP system, thank you.
Both of these answers belie several underlying misconceptions about ERP that need to be corrected. A good ERP system such as Acumatica Cloud ERP isn’t just a nice addition to your computer system. It’s an invaluable business tool that offers your company a competitive advantage.
We Get Along Just Fine Without It – Really?
For the 26% of businesses who think that they are getting along just fine without an ERP system, you may not be aware of the many challenges your business faces without it. Common struggles among companies without an ERP system include:
- Redundant data: 35% responding to the Aberdeen study reported they struggle with redundant data. When your systems aren’t integrated through an ERP system such as Acumatica, redundant data is inevitable. Each department maintains its own spreadsheets or databases. Departments may be unaware of duplicate data throughout the company. This is a waste of time and resources that could be put to better use elsewhere.
- No integration: 33% reported that their systems do not or cannot interact. Systems that cannot interact with one another require manual intervention by your team to review, manipulate, calculate, and report the data. This is another example of wasted time and staff resources.
- Lack collaborative capabilities: Separate systems make it more difficult to collaborate on projects. About 23% of companies responding to the survey felt that they lacked collaboration capabilities.
- Inaccurate data: The same amount who stated they lacked collaborative capabilities also felt they suffered from inaccurate data.
Other problems cited include difficulty sharing data outside of the organization and inability to track progress towards goals.
Glancing down this list, it’s clear that business without an ERP system is not doing “just fine.” They lack critical systems that can improve productivity, boost efficiency, and increase profitability.
Consider how many problems could be solved by Acumatica ERP implementation in an organization using discrete systems. Acumatica implementation would solve all of these issues and improve other business processes too. Not only would it solve the integration and collaboration issue, Acumatica provides accurate, real-time data, eliminates redundancies, and provides reports that can be shared outside of the organization. You can certainly track progress towards the goal. Perhaps even more importantly, you can use the data derived from ERP implementation for goal-setting and improved business planning. Together, these benefits provide powerful proof that adding Sage 100 ERP to your business systems improves competitiveness and business efficiency.
You’re NOT Too Small for Acumatica!
Acumatica is a cloud-based ERP system. This means that it runs through an internet connection, and it is available on any computer device. Use it on your smartphone, your tablet, a laptop, or a desktop. Data is stored in the cloud and can be accessed by anyone with login authorization in your company.
Because Acumatica ERP is cloud-based, you don’t need to invest in special hardware to run it. All updates and maintenance are taken care of for you so that all you need to do is sit down and get to work.
Companies Need ERP More Than Ever
As many industries struggle to remain competitive, accurate, real-time data that informs business decision making may be just the edge you’re looking for to boost profits. Learn more about Acumatica ERP from Emerald TC. Our experienced team of certified consultants, master developers, and CPAs provides you with a comprehensive team of experts to help you choose and implement the best solution for your business. Whether that’s Acumatica, Sage 100 ERP, Sage 500, or another solution, we are here to help you build and grow your business. Contact us or call 678-456-6919.