ERP systems have been around since quite a few years helping businesses streamline and simplify complex business processes. In fact, ERP technology has evolved tremendously over the past few years or so with a good number of organisations joining the bandwagon. However, with every other technological evolution, there accompanies a streak of doubts or myths and ERP solutions are no exception. Yes, some common myths obstruct many organisations from adopting the ERP technology. Nevertheless, where there’s fear, there’s a way out. The article intends to throw light on some infamous myths surrounding enterprise resource planning systems.

– No, ERP doesn’t have to be expensive always!

Contrary to the popular misconception, ERP systems are not just meant for industry giants and multi-national companies today, because startups and SMEs too can enjoy the benefits of budget-friendly and SaaS based ERP subscriptions.

Unfortunately, a staggering number of small businesses still stuck in the ice-age believe that ERP is a complex affair and they can manage without it quite well. While it is somewhat possible for a small business to run its processes using spreadsheets, but it is certainly a tedious and error-prone task. Also, a growing business is sure to outgrow on spreadsheets in no time.

Today’s ERP systems are designed keeping in mind the unique needs and preferences of SMBs and startups to save time, improve productivity and streamline complex operations, all without bombing their finances. All thanks to flexible cloud based ERP software solutions that offer budget-friendly SaaS subscription plans to choose from thus, making them suitable for businesses of all sizes.

– Implementation doesn’t take ages!

Though implementation in the yesteryears used to eat up months and/or years, it is certainly not the case today. Yes, things are a lot different today, since ERP implementation can be maneuverer at breakneck speed and without incurring high costs when executed by industry expert. For an established vendor, implementing a new ERP solution shouldn’t take more than a few months before it is rolled out to the users. Most importantly, SaaS subscriptions let a business purchase separate modules as per the needs.

Read also: Myths about ERP Implementation debunked

– ERP doesn’t have to kill existing systems!

Your ERP software should not only work perfectly with your existing system, but should also provide features/modules that can drive future growth for your business. For example, if your existing solution is taking care of manufacturing, supply chain, etc. then, you may want your ERP software to offer business intelligence.

Takeaway

To conclude, we can say that ERP software when chosen carefully and implemented meticulously can do wonders for a business irrespective of its size or the vertical it is into. Above all, the most important step is to rope in the best vendor or consultant for your ERP journey.

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