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A key operational principle reminds us that if there’s a gap in operational efficiency that gap will only grow as the business does, leading to more significant losses in the long run. That means businesses should focus on streamlining, perfecting, and automating their processes, closing any gaps before scaling.
“The result? Those operational gaps are filled, and the business is put in a better position to scale,” says Lihle Bikitsha, senior sales executive, enterprise applications at iOCO. What’s becoming evident in the market is that both affordability and a faster, phased approach to implementation are driving ERP adoption across the globe. Most small businesses still grapple with two questions: are we ready to scale, and when is the right time to invest in a tool to facilitate that? Of course, as the report confirms, many also deliberate on acquiring a powerful ERP system before the business has grown sufficiently to help pay for such a system.
“With the right ERP solution in place, costs are reduced, data is automated and more secure, efficiencies are driven up, productivity gains soar, and true insights into performance, processes, and finances are easily accessible.”
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