Why Your Small Business Desperately Needs ERP Reporting Capabilities
Though the majority of small business owners know their businesses’ own potential, anticipating the requirements necessary to meet the demands of growth can be challenging. Sometimes, when growth occurs rapidly, it can lead to excessive compartmentalization of business data. This leaves you with several logistical complexities and barriers to communication to contend with, and things only become more unmanageable as a company scales upward.
Data can be a valuable resource, but only if it can be collected and analyzed in an efficient way. Many companies use rudimentary reporting tools repurposed from accounting or CRM software, but such reporting is often flawed because of the software’s capabilities and a lack of integration between separate business systems. When reports are generated by the individual system, you’re likely getting simple summaries. These, while good enough for some purposes, aren’t giving you the holistic visibility you need to run an expanding business.
By using an ERP platform for all your business needs, your company operates from a single system and database, allowing for a richer reporting experience that considers data from all your departments automatically. ERP reporting provides small business teams with the information they need to succeed, saving time, reducing errors, and helping them be more profitable.
One of the most beneficial aspects of reporting in an ERP system is the real-time nature of the visibility offered. From reporting to analytical insights, decision-making will benefit from a real-time account of your business’ current standing. Beyond providing your staff with role-based access to the reports that they require, a good ERP reporting platform will easily generate visual elements, such as tables, graphs and charts. When the data is offered in a visual manner, users can understand it more easily. Users also gain the capacity to create custom reports tailored to your business, and the ability to export your reports and data to pdfs.
By creating custom reports, your small business can get an understanding of operational standings and conditions at a glance, letting your staff get back to critical tasks. In the same sense, by enabling you to export reports and data easily, an ERP platform grants you the peace of mind that comes with knowing you own all of your data.
Configurable ERP platforms like the pbe3 are more available than ever before thanks to the advent of software as a service and the continued growth of cloud platforms. In fact, in research completed by the Aberdeen Group, ERP platforms have already been accepted and implemented by some 77% of small businesses. You and yours would be remiss to ignore the incredible benefits that can be realized when afforded the visibility offered in a cloud-based ERP reporting system.