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Most small companies today are making most of their financial choices from outdated software accounting packages and spreadsheets. Using this type of system to keep track of your business decisions will make becoming a successful business more difficult. Consideration should be made to implementing an ERP System.

First let’s explain what an ERP system is. An Enterprise Resource Planning (ERP) system is computer based system used to manage resources such as assets, materials, financial resources, and human resources. The purpose of the system is to organize all business functions into a uniform and centralized system environment to use throughout the enterprise.

To a small or medium business owner it may seem that an ERP was not designed for their use. ERPs will be necessary to ensure the success of your business in the future. More and more companies are starting to realize this and there is a growing amount of evidence supporting that the use of an ERP in a SMB leads to the company being more successful. The price of ERPs has come down over the years making it more affordable for SMBs to implement within their company. These systems have also become easier to implement within the company.

As an SMB there are steps that you should take before implementing an ERP. As a small to mid-size business you must accept the fact that you are a large business in the making. You opened the business with the hopes of growing, and an ERP is one of the first steps to help you achieve that goal. Realizing that you are outgrowing your current financial management applications is the first sign that you need to consider an ERP. The earlier you realize this, the better.

As a SMB owner you should do a lot of research on the implementations of an ERP. There are many different choices available that may be right for your company. You will also need to consider where you will put

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