Are Enterprise Resource Planning systems worth it?
The short answer is yes. The long answer is it really depends on the solution you choose...
When it comes to business, no one will argue that implementing software with the potential to optimise processes and create greater efficiency across all departments would ever be a bad investment.
If that sounds a bit too good to be true, it’s because finding the right ERP (Enterprise Resource Planning) solution to not only suit your business needs, but also your budget, isn’t exactly easy. Let’s just say it can be a bit of a glass slipper Cinderella experience – but we all know how that ends, right?
Weigh up the costs
ERP is more than just software, when implemented properly, it’s the beating heart of your business. When calculating your return on investment, you’ll have to add up the costs involved in the solution you’d like to implement – starting with the cost of the software itself and the type of deployment you plan on using (whether it will be on-premise or in the cloud).
If you chose to host the software on-site, you’ll need to factor in hardware costs as well as a large, once-off licence fee for the software. If you opt for an ERP hosted in the cloud, you won’t have to worry about buying additional hardware or upgrading it, as it will be hosted on a third-party server and accessed online. Cloud-based ERP usually offers per monthly billing, allowing you to budget annually according to fixed costs.
Hosted in the cloud, BC Xpress by Braintree has been developed specifically for small to medium businesses looking to level up without bottoming out. BC Xpress is a pre-configured essential ERP system that allows businesses to add solutions as they need, while Microsoft supplies the servers and handles all the software updates.
Calculating your return on investment is a lot easier when you have fewer unforeseen costs (like emergency hardware upgrades or software updates) to factor in after implementation.
Use it or lose it
Ultimately, your ERP solution will only be effective when used properly. It’s important to choose a solution that not only meets your business needs, but one you know your team will be able to use and manage with ease.
Training is all-important when it comes to ERP software, as the results you’ll receive from the programme will only be as good as the data it’s given. More than that, depending on the complexity of the ERP system you choose, it will be reliant on receiving information from users from various departments across the company. The quality of the information received from all users will make all the difference to your ERP’s return on investment.
A solution that’s not only quick to implement but also easy for most of your employees to use properly will make all the difference to your bottom line.
Purpose built for rapid deployment, BC Xpress includes training on its core modules to ensure your business and employees stay up to date on the latest innovations and operational capabilities. As BC Xpress also includes a licence for Microsoft Power BI, a two-day Power BI training course for one member of the team is included as well.
There’s no doubt ERP systems are worth it, especially for small to medium businesses looking to scale up, but the type of system you choose, your reasons for choosing it and the way it’s implemented within your company are crucial to its success.