How SME can also benefit from ERP

ERP applications can help organizations in several ways. It can reduce an organization’s operating cost, integrate all parts of an organization, increase the efficiency of operations because of the integration, enable free flow connection of information across the organization and enable consolidation of different software within the organization. It is a misconception in SME’s, that ERP systems are best suited for large-scale industries due to the prohibitive cost of ownership, complexity of implementation and subsequent maintenance. But over the last decade, with technology becoming simpler and easily available, ERP packages now have shortened implementation phases, requiring minimal in-house skill sets, making it a more tangible option for SME’s. ERP systems provide the opportunity for SMEs to address the competitive demand for the rapidly changing market and to be successful in terms of improved customer relations, management, improved cycle time, improved quality, increas...