Enterprise Resource Planning or simply ERP is a system that integrates all the essential functions within a company. Having ERP software makes management a lot easier than manual procedures. It combines human resources, accounting, inventory, sales and customer service into one central system that everyone in the company can easily access. Aside from that, it can also be automated to create reports from the input data and provide insight to the company’s performance across every aspect. Because everything is recorded real-time in a single database, employees can work with the same set of data which reduces errors especially on figures.

Most businesses have already incorporated an ERP solution to their system because of the benefits it gives. It’s not just meant for big companies but small to medium size businesses can also take advantage of it. Sage X3 software is one of the best solutions for small to medium companies. Lots of company owners and employees love the easy to understand feature of this software.

You’ll know that your company needs to get ERP software when things aren’t flowing seamlessly the way they were before. The first step in finding an ERP solution for your company is to know its size.

How to Know Your Company’s Size?

• Small Size Company – If your company has 250 or fewer employees then it is small size. Most small companies still use spreadsheets and manual management of every function. No matter how small your company is, it can still benefit from ERP software by making management convenient and efficient. You can also give up those hassle spreadsheets into real-time data management. Your investment will never go to waste since your ERP grows with your business.
• Mid-size Company – If the number of your employees range from 251 to 500 then you have a mid-size company at your hands. ERPs for these types have more features that can meet the more complex needs of bigger management systems.
• Enterprises – Companies with more than 500 employees fall to this category. ERPs for enterprises are more advanced that they can handle large scale data records.

Cloud-Based ERP

In this ERP type, the company’s database is saved on a cloud which can be accessed through the internet. Employers find it more convenient to use this implementation type because of the ease in accessibility. Companies that usually deploy employees outside the workplace choose this since information can be reached anytime and anywhere.

On-Premise ERP

If you want your data locked within four walls, this type of ERP implementation suits you. You can set a physical location in the building where you keep and access the company’s database. It functions just the same as cloud-based type and only differs on accessibility.

Hybrid ERP

Hybrid ERPs give you the best of both worlds. This is a best upgrade when you already have an older on-premise ERP and you want to add some features or applications. Hybrid ERPs still have a physical location but the system is recorded under a private cloud for more security.

With a variety of ERP implementations, you can surely pick one that best fits your company. Invest in an ERP solution and transform your company instantly.