Busting some pervading ERP Myths

The ERP market is expected to reach 50 billion dollars by 2024. High levels of growth is expected, especially in MENA and GCC regions where digital disruption is maximum.

Despite the surge in numbers of greater ERP adoption, a host of reasons and challenges still hold businessmen back from implementing ERP, mainly “misconceptions”.

Some myths about ERP not only hinder progress but stand in the way of full utilization of ERP resources and stop organizations from exploiting its full potential.

With this edition, our objective is to bust these myths and ferret out the truth.

MYTHS

1. ERP is only for large businesses
2. ERP is expensive
3. ERP Implementation is extremely complicated & time consuming
4. Using ERP is a cumbersome task
5. ERP is just another CRM or MRP
6. ERP can deliver huge profits in no time

Let’s examine these myths one at a time:

FACTS

1. Small organizations believe that ERPs are designed exclusively for large businesses and that they do not require an ERP system at all. ERP systems streamline all day-to-day functions and improve productivity and efficiency.

Every business, big or small, can benefit from an ERP system as it helps in optimizing all business resources. Thus, the size of a business should not deter any organization from leveraging the benefits of ERP Software.

2. Not all ERP is costly. A slew of factors determines the cost of an ERP, like the number of users, the size of the business, the amount of customization required, total number of modules required, and other features that the business is keen on implementing.

Additionally, the benefits of ERP outweigh its cost by many times. It saves a lot of time and resources that can be utilized for various value-added services like identifying other revenue sources, customer relationship building activities that will attract more customers, etc.

Moreover, today ERP modules are available on a Subscription based usage and you need to pay only for the modules you need.

3. Several business owners have this misguided notion that ERP implantation is complicated and a time-consuming process that is sure to impede their day-to-day business activities.

Modern ERP solutions come with easy implementation and ensure smooth integration. It all depends upon the solution provider you choose.

The right technology partner with dedicated and seasoned ERP professionals will make the process hassle-free.

Also, an advanced ERP solution also offer 24*7 customer support to cater to all your unplanned scenarios or contingencies.

4. Many organizations still believe that using an ERP system requires expert knowledge of the system.

Yes, ERP training is essential before your team can fully utilize its potential, but that is true for any software.

5. ERP is often dubbed as the mother of all solutions because it acts as a unifier, combing various systems like CRM, Inventory, Delivery, Accounting, etc., but ERP can never be equated to any of these functions alone.

6. ERP systems can capture more revenue, plug revenue leakages, cut operational costs and reduce manhours significantly, all contributing to ensure greater ROI, thus boosting business profits over time, not overnight!

Are you in search of the right technology partner? Do you need assistance in selecting the right ERP system that suits your business the best?

Finnzer , an advanced ERP solution, is a product of Abzer Technology. Schedule a meeting now. Drop a comment and we will get back.

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Write to us at [email protected] or call us at +971 4 242 9200.

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