4 Myths of ERP software for small business

There are a plethora of benefits for businesses who invest in ERP software for small business. From small business stock stock control and automation, to integration and data accuracy, to name a few. However, there are also a number of myths around ERP software for small business. Let’s take a look.

Myth 1 – Cost is the most important factor

While you don’t want to over invest on a system that is more complex that you need, you do need to meet your current and future needs so that the system grows with your business. Don’t let cost be the deciding factor because if you under invest you may be looking at an upgrade or replacement software within just a few years.

Myth 2 – IT should choose your ERP system

The selection of the right ERP software for your small business should not be left entirely to your IT team or the person who manages IT. Your ERP software for small business will integrate all of your business functions and therefore it’s crucial that your ERP selection team includes team members from your key operational departments.

Myth 3 – The more functionality the better

ERP software for small business should provide the functionality that you need right now and say five years into the future. Don’t select software with more functionality than your business will ever need as this will be overwhelming and you will be paying for features that you don’t need. Consider what business objectives you’re trying to achieve and what functionality you need to do this.

Myth 4 – Research ends once you’re talking to providers

Your initial research will result in a shortlist of ERP software providers. However, the research phase doesn’t end there. Once you meet with your short-listed providers, you need to understand how their ERP for software will work for your small business. Have a set of questions that you ask each short-listed provider that relates to your business objectives.

Call the Foresiight team today for further info on our leading Australian ERP software for small business.