ERP for SME

1. How to Select ERP for SMEs | NaviWorld Singapore Do you know the best ERP for SMEs? Find out today! Here is our top pick: Online Store Checkout using a Website, Mobile App, or E-Commerce Shop in Real-time. While there are numerous ERP systems available for small and medium-sized enterprises (SMEs), it's important to consider various factors such as affordability, scalability, and ease of use. One notable ERP solution suitable for SMEs is an online store checkout system that integrates with a website, mobile app, or e-commerce shop in real-time. This type of ERP enables businesses to streamline their sales process, manage inventory, and handle customer orders seamlessly across multiple channels. By providing a centralized platform for sales management, inventory control, and customer data, SMEs can enhance operational efficiency, improve customer experience, and drive growth. Challenges for Small and Medium-Sized Enterprise (SME) SMEs often face unique challenges, unlike the largest enterprises, when coming to ERP selection and implementation. Lack of IT Resources – Difficult to recruit quality IT personnel and even more challenging to retain them. So, the ERP system needs to be easy to maintain. Limited Financial Resources – So, million dollars ERP project is out of the question. Rapidly Changing Business Environment – SME needs to be flexible in operations, so, big and rigid ERP that takes years to implement will not work. Lack of Economy of Scale to Achieve ROI – With smaller revenue, the multiplier effect of technologies will be more limiting than larger enterprises. Complex Business Processes handle by Smaller Workforce – And yet, the business processes of SMEs are often not much simpler as compared to larger enterprises. Due to the smaller workforce, it is even more important to be efficient. Start with Microsoft for SME For mid-sized ERP, it is obvious that Microsoft Dynamics 365 Business Central (formerly known as Navision) is currently dominating the Singapore markets. It has the largest pool of implementation partners, consulting resources and user base. Microsoft has established itself in the Singapore market about 20 years ago, offering on-premise, cloud++ and hybrid options. Microsoft Dynamics 365 Business Central is one of the excellent SME ERPs that you could start with for evaluation. From there, you can expand to other ERP solutions to include in your evaluation. Implementation is Key I often find from troubled ERP projects, that they selected the right ERP, but neglected the implementation. Lack of project management very likely happened in these projects. The reduction in project management is probably due to the need to lower implementation costs that make the ERP vendors cut corners. Minimize Customization

2. Nearly all the troubled ERP projects that I saw were unnecessarily customized. Some companies failed to manage user expectation. But sometimes the heavy customizations were due to incompetent consultants. Often, some vendors quoted lower initial price and trying to make money back. Or worse, ERP vendors intentionally trying to make it sticky so that the customer cannot change to other vendors. Trust Your Selected Vendor Visit and talk to the customers of the ERP vendor, especially those who had implemented within the last year. Ask questions to understand how the project was implemented, what they like and dislike. After you have selected the vendor, trust your selected ERP vendor. If you do not trust the vendor, think twice before signing the proposal. Conclusion ERP selection and implementation is not a perfect science. Often it is more an art. However, the critical nature of the ERP project dictates that top management put in attention and effort to ensure that an appropriate ERP is selected. It should support the future growth of the company yet achieve the necessary ROI. Please visit here:- https://naviworld.com.sg/how-to-select-erp-sme/ Contact Information: Address: 140 Paya Lebar Road, #07-26, AZ @ Paya Lebar, Singapore 409015 Call: +(65) 6702 7820 Email: info@naviworld.com.sg