Cloud-Based ERP for Startups: 5 Signs Your Business Is Ready
Why Business Owners Should Consider Cloud-Based ERP for Startups
Running a startup, you’re pulled in a lot of different directions. There are investors to pitch, numbers to crunch, and don’t forget your orders to fulfill. In the time it took you to read that last sentence, you've likely received another 12 emails, 4 of which are flagged as high priority.
At some point you need to start thinking about enterprise resource planning (ERP). An ERP solution will save you time, money, and probably a lot of headaches by consolidating all your startup’s most important business processes and data in one place. Don’t let the “enterprise” in ERP fool you, either: ERP software is for businesses of all sizes — startups included. Plus, thanks to cloud-based solutions like NetSuite, it’s more affordable and reliable than ever.
Not sure if ERP software is right for your startup? If you can answer “yes” to any of the following statements then it’s time to start thinking about cloud-based ERP. Here's why it's important to consider Cloud-Based ERP for Startups:
Do you have multiple systems and duplicate data?
If you’re managing the same data in multiple, disparate systems or spreadsheets, it can be nearly impossible to ensure a “single version of the truth.” How can you effectively manage your company if the data you’re relying on isn’t reliable? ERP software pulls your sales, finance, and customer data into a single system, so you always know you’re working with the latest and greatest.
Are your systems disparate?
If you’re constantly copying, pasting, or importing data from one spreadsheet to another, duplicating data entry in separate systems, or your critical systems don’t “talk” to each other, you’re wasting valuable time and risking serious errors. Integrated ERP software links sales, service, finance, and fulfillment processes so you can spend more time growing your business instead of troubleshooting it.
Do you lack visibility?
Successful startups need to be agile; when growth stalls, you have to be ready to turn on a dime. But you can’t expect to be nimble when you don’t have at-a-glance insights into performance. A cloud-based ERP solution like NetSuite will give you the real-time, integrated performance reporting and the insights you need to fine-tune your strategy on the fly.
Are you lacking an IT person on your team?
If you’re like most entrepreneurs and early-stage startup employees, you wear a lot of different hats. You might even be responsible for managing your own IT. No problem: cloud ERP software minimizes implementation time and eliminates the development costs demanded by on-premise solutions.
Are you struggling to keep up with reporting?
Investors demand frequent reporting and ensuring reports are delivered timely and accurately can be a major challenge for startups. Not only that, but most basic accounting software simply isn’t set up to handle these demands. A cloud-based ERP solution like NetSuite, on the other hand, streamlines data and simplifies reporting for faster. This adds up to more accurate reports delivered how you want them, when you want them.
If you’re running a startup and answered “yes” to even one of the questions above, it may be time to think about enterprise resource management. NetSuite ERP is built on the cloud and is designed to streamline business processes, reduce IT costs, and offer a 360-degree view of your customers with integrated reporting, real-time updates, and mobile access.
You can request a consultation to get more information about NetSuite ERP anytime or give us a call at (855) 682-4324.
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