This is probably one of the most tricky questions most small and medium size businesses confront at some point in time to use accounting software or invest in a modern and next-gen ERP. This need is probably coming from the need if your organization is either venturing into new markets or experiencing great business growth or facing some kind of complexity with the homegrown software. This software may also comprise software like Tally and Quickbooks.
To begin with, we need to understand that accounting and finance are two vital functions of any business. This is why; many organizations pick this book keeping software that looks after the basic needs of accounting and finance. But, are businesses only confined to managing accounting or financial transactions?
Ofcourse, not. There is manufacturing, inventory, sales, planning, expiry date management, quality control, and other elements to consider. And, to manage all these business functions, you need to have a smart and robust ERP in place. Homegrown solutions are exceptionally good but ERP like SAP Business One is equally essential to manage the entire business operations.
Tally or Quickbooks are software which is mostly used by businesses for varied reasons. But, they may not be aware that there is another great software which is good to manage all purchase orders, supplier bills, vendor payment, cost, expenses, purchase and sales orders and track all your finances on the go. A user-friendly software like Excel, Quickbooks and tally too help business in one way or the other. Software like Quickbooks manage your accounting and financial hassles like a professional.
But, as mentioned earlier, managing just the financial aspects of the business is not the sole aim of business. And, when we have to check expiry management, cost management, workforce management, QC, compliance, Quickbooks or any other software can not manage all. This is where the need of an ERP arises. A comprehensive and smart ERP can manage all the business processes and manage the different areas of business and automated business process for the better.
More benefits of using ERP over any other accounting or bookkeeping software
A business typically faces an assortment of day to day challenges. There is a need to manage structured and unstructured data and trace every stock and its movement, automate batch sizing, and manage formula in manufacturing, cosmetic, printing for manufacturing industry. Alongside, you also require a system that is also GST compliant and help you stay compliant as per the Government norms. To effectively deal with these challenges, business users must bring and invest in an ERP and consult sap business one partners in india that can help them with their initiatives.
With intelligence and smart ERP software like SAP Business One, your life becomes easier and you can juggle multiple responsibilities head-on. Whether you are in Pharma, retail, manufacturing,education, logistics, packaging, printing, or any other business, there is an ERP that can help you automate processes for driving business growth.
Still unsure whether to invest in an ERP or any other software like Tally or Quickbooks or rely on homegrown solutions? You may consult one of the SAP Business One partners in India.