La Exactlly Software Pvt. Ltd.
Home  /  Exactlly ERP  /  Top 5 challenges for ERP implementation in SMEs
Top-5-challenges-for-implementation-in-SMEs
18 January 2017

Top 5 challenges for ERP implementation in SMEs

Exactlly ERP ERP, ERP implementation, ERP Management Software, ERP Software, ERP solution, ERP system, ERP Vendor Leave a Comment

Today Small and Medium Enterprises have a significant part in framing the economy of a country. In various financial divisions, SMEs can drive development and competition. ERP implementation is very common nowadays.

With changing nature of the market, solid competition confronted by worldwide professionals, SMEs are encountered with different key issues that may not give a friendly air to a fruitful ERP implementation.

In this manner, understanding the challenges becomes as critical as the relevant knowledge of the business.

SMEs are reluctant to implement a new ERP Management Software system in their organization.

There are many reasons why SME owners and officials tend to avoid ERP implementation. Today main 5 challenges that they face are discussed:

1. Limited ERP Awareness –

SMEs has a limited awareness regarding the capabilities of an ERP system. They have confusion on which ERP vendor to trust. This lack of awareness mostly affects the growth of the business.

2. Misconception –

It is a misconception among SMEs that ERP software is only for large scale businesses due to the high cost of possession, the complication of implementation and following maintenance costs.

3. Lack of Resources –

Lack of resources is another major problem faced by SMEs. Not many skilled IT personnel can provide suitable suggestions and proper navigation to the implementation team. Due to the lack of trained employees, ERP implementation seems a burden to SMEs.

They might outsource an ERP consultant. But that leads to more expenditure.
However, once an ERP solution is implemented, it ensures that the company uses the resources better.

4. Financial worries –

SMEs might have budget restrictions, so the accounts department may decide to cut the cost of ERP implementation to save money. But it is often forgotten that ERP implementation is actually a capital investment in favour of the business. ERP system helps to support and grow the business beyond its current limits.

5. Employee resistance –

An ERP implementation brings major changes within the organization. ERP system brings a systematic workflow, a strict work environment. This in turn can make the employees panicked and resistant against the change.

The end-users of ERP must be introduced to the new process, procedures and standards. It is very important to properly train the employees, who will use ERP, to smoother the organization.

Conclusion:

An ERP implementation is aimed at achieving operational efficiency by streamlining business processes, and driving up productivity and reducing cost. Despite all the challenges, ERP implementation can make a significant difference for the company. It can improve the functionality and resolution of the business. Visible benefits might take time to show but it is a positive investment towards the growth of SMEs.

exactllyERP is one of the market-leading ERP providers. To know more about exactllyERP feel free to Contact Us and get a Free Demo.

Related posts:

  1. Will ERP Fit the Way I Do Business
  2. 5 Types of ERP Software Delivery Models
  3. 5 Key Factors to Focus while Implementing ERP
  4. 6 Questions to ask before an ERP Upgrade
 Previous Article A Grand Day Out with Food and Fun– Exactlly Annual Picnic 2017
6-questions-to-ask-before-an-ERP-upgrade
Next Article   6 Questions to ask before an ERP Upgrade

Related Posts

  • cloud erp market

    What do we need to know about the Global Cloud ERP Market?

    December 22, 2021
  • cloud erp implementation

    Measuring the Potency of Cloud ERP Implementation Methodology

    December 7, 2021
  • integrated erp systems

    Understanding the Landscape of Integrated ERP Systems in the Future

    November 24, 2021

Leave a Reply

Cancel reply

Quick Access

GST
Transitioning under the GST Regime
Applying for a Fresh Registration under the GST Regime
GST Registration Basics – All You Need To Know
Setting Off Input Tax Credit Against Tax Liability
Basics For Availing the GST Input Tax Credit
When Can You Not Avail of Input Tax Credit?
Input Service Distributor as a Positive Boost to the GST
Basics of Input Tax Credit and Its Distribution
Differences between GST and Current Tax Regime
Highlights of the GST Model Law
All You Need to Know about GST
The GST Era – Changes To Bring With Your GST Product
What You Need to Know About Union Territory GST
Read More GST Blogs

Categories

  • Thoughts
  • News & Announcements
  • Exactlly ERP
  • Exactlly HRMS
  • Exactlly CRM
  • GST

Recent Posts

  • What do we need to know about the Global Cloud ERP Market?
  • Reduce Employee Turnover Effectively With HRMS Software
  • Measuring the Potency of Cloud ERP Implementation Methodology
  • 10 Functions of Human Resource Management System for 2022
  • Understanding the Landscape of Integrated ERP Systems in the Future

Popular Posts

Social Media

Copyright © La Exactlly Software Pvt Ltd. All rights reserved.