• Home
  • About
  • Contact

The Phat Startup

The Ultimate Lifestyle Blog for Entrepreneurs

  • Blog
  • Blogger Lifestyle
  • Money & Finance
  • Motivation
  • Personal Growth

Motivation

3 Types of ERP Services for Your Business

 

Woman executive coaching a male employee

The statistics show that 45 percent of new businesses fail in the first five years of existence. To avoid becoming a part of this grim statistic, you need to do everything possible to make your business grow.

For your business to grow there are certain processes that you need to streamline.

One way to streamline your business processes is by using enterprise resource planning software (ERP). Enterprise resource planning can go a long way in ensuring that all the departments in your company are working cohesively.

Here’s a closer look at what ERP services can do for you.

1. On-Premises ERP Systems

On-premises ERP systems work on your company’s computers and physical databases. Your company will own all aspects of the software once it is implemented and it will not require outside sources to help you with managing the system.

This type of ERP system can automate some of the most important processes in your business. It can draw on central databases to collect information from several different departments.

These include accounting, sales, human resources, and marketing to name a few. This can help you to create process improvements and improve efficiency.

2. Cloud-Based ERP Systems

Cloud-based ERP systems are sold as software as a service(SaaS). You will need to purchase a subscription and the software will be web-based. One of the biggest benefits of ERP systems that are cloud-based is that you do not need to use your computers to store data.

This makes it very cost-effective especially for new businesses. You can buy IFS ERP cloud-based software at affordable prices, IFS cost is usually minimal when compared to the benefits you receive.

You get all the benefits that come with the on-premises software along with updates, support, and customizations of the software to suit your business.

3. Hybrid ERP Software

A hybrid ERP software will have some on-premises features as well as cloud-based features as well. This hybrid approach can be used when transitioning to cloud-based software. A hybrid approach gives you the flexibility to house some of the processes for your ERP software in-house if you feel that this approach is better for your business.

Using a hybrid approach means that ERP system information that you store in the cloud can be accessed from anywhere. Managers can log into their mobile devices from wherever they are and get information immediately.

Scale Your Business with ERP Services

The use of ERP services can go a long way in scaling your business. If you want your business to be run efficiently across all departments you cannot afford not to use this type of software.

Being able to see how your inventory is being managed, and managing the processes across all departments in real-time is one of the best benefits of the software.

You can use ERP reporting to quickly scale your business. If you would like more tips, please visit the money and finance section of the website.


« 5 Awesome Photo Editing Tips You Need to Know
How to monetise your content on social media »

About The Phat Startup

The Phat Startup was created by Mike McOwen to create a space where entrepreneur lifestyle could be focused on. We tend to live a different lifestyle than most. Entrepreneurs tend to be interested in maximizing their life, not only their profit.

Connect With Me

  • Email
  • RSS
  • Twitter
  • YouTube

Twitter Feed

Mike McOwenFollow

Mike McOwen
PhatStartupsMike McOwen@PhatStartups·
29 Dec 2017

Why is content marketing so important? Find out here: http://thephatstartup.com/money-finance/why-your-business-needs-a-content-marketing-strategy-in-2018/

Reply on Twitter 946751505146707968Retweet on Twitter 9467515051467079681Like on Twitter 9467515051467079682Twitter 946751505146707968
PhatStartupsMike McOwen@PhatStartups·
9 Oct 2017

http://yescincinnati.com/

Reply on Twitter 917521630162759681Retweet on Twitter 917521630162759681Like on Twitter 9175216301627596811Twitter 917521630162759681
PhatStartupsMike McOwen@PhatStartups·
25 Sep 2017

Wow, interesting

Forbes@Forbes

Millennial men are more likely than women to default on student debt http://on.forbes.com/60148NudC

Reply on Twitter 912458136849698816Retweet on Twitter 912458136849698816Like on Twitter 9124581368496988162Twitter 912458136849698816
PhatStartupsMike McOwen@PhatStartups·
25 Sep 2017

I LOVE Toronto! Miss that place

GO Transit@GOtransit

Explore Toronto’s art scene with GO! Enjoy special late night service during Nuit Blanche on Sept 30. https://cards.twitter.com/cards/v2l8b/4ttwx

Reply on Twitter 912458028355670017Retweet on Twitter 912458028355670017Like on Twitter 912458028355670017Twitter 912458028355670017
Retweet on TwitterMike McOwen Retweeted
BuffaloSabresBuffalo Sabres@BuffaloSabres·
25 Sep 2017

Batter's up! ⚾️ Spending quality time with our friends at @MiracleLeagueWN.

4
Reply on Twitter 912457252057034754Retweet on Twitter 91245725205703475453Like on Twitter 912457252057034754318Twitter 912457252057034754
Load More...

Blog Ideas That Make Money

3 Tips For Doing Business Entertaining At Your Home

Overcoming Challenges: Strategies For Improving Startup Team Performance

How to Create a Retail Space You Are Proud Of

Search

Copyright © 2023 · The Phat Startup

Copyright © 2023 · Divine Theme on Genesis Framework · WordPress · Log in