SaaS ERP For SME'S

 

Hi Everyone and welcome back to week four !! This week I will be writing about SaaS ERP systems for SME's. I hope you enjoy. 

SaaS ERP (Software as a Service Enterprise Resource Planning) systems have transformed SME’s (small and medium-sized enterprises). Traditionally, ERP systems were expensive and advanced, making them primarily available to large enterprises. However, the rise of SaaS ERP has levelled the playing field. These cloud-based tools provide SMEs with the opportunity to connect and streamline company operations, from HR and finance to supply chain management without incurring significant upfront expenses or requiring a considerable amount of IT support. Because of their flexibility and scalability, SMEs can respond swiftly to market changes, increase efficiency, and focus on growth and innovation rather than operational issues.

There are many benefits to SaaS ERP systems to SME’s such as data security, compliance and scalability and many more. Data security is critical to aiding the best possible decisions and ERP can protect this. Instead of having all this data in one place, having it spread across multiple systems with varying levels if protection. Compliance is important as having up to date records that are easy to find and searchable reduces the work required to comply with any regulations. Some ERP systems can even support financial standards like GAAP. For scalability, SaaS ERP systems will help down the road as the company grows and evolves. The company can add new members as the business grows without needing to change system.

One of the best SaaS ERP systems of 2024 is the ‘Microsoft Dynamics 365 Business Central’. ‘Microsoft Dynamics 365 Business Central’ provides support for every department regardless of if you choose to purchase the essentials or premium plan. With this software, you will get real time views on your data with its dashboards, charts and automated workflows, available to access on phone, tablet or PC. With 3500 apps to extend functionality of your system, all for €64.05 ($70) monthly with €10 extra for add-ons. ‘SAP Business one Professional’ is also a great SaaS ERP system. For as low as €51.24 ($56 per month) for the limited license or € 98.82 ($108) for the professional license, it is an all-in-one solution for business management with tools to aid with financials, manufacturing and CM. The differences between the two software’s are SAP business one Professional is more costly to upgrade and is missing the supply management tools that Microsoft Dynamics 365 has. I have linked an article discussing the best SaaS ERP systems for SME’s here: Best Cloud ERP Software Of 2024 – Forbes Advisor

In conclusion, SaaS ERP systems have opened up a world of possibilities for SMEs. They offer affordable, scalable, and flexible solutions that can revolutionize how businesses operate. By embracing these innovative technologies, small and medium sized enterprises can not only streamline their processes but also gain a competitive edge in an ever evolving market. AS always I will leave links to videos below for more information.