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ERP in SME: Fueling Growth and Profits
Aberdeen Group, Aug 2010
As optimism increases for a worldwide economic recovery, small to mid-size enterprises (SMEs) once again look forward to revenue growth. As a result, SMEs must seek competitive advantages that enable them to contain costs to ensure that growth of revenues is not at the expense of profits. Enterprise Resource Planning (ERP) can indeed be a strategic weapon. Not only does it provide a necessary infrastructure that forms the transactional system of record upon which a business is based, but it also serves as a source of cost savings and operational improvements, streamlining and accelerating business processes, allowing SMEs to compete on the same stage as larger companies.
Best-in-Class Performance
Based on the input from 578 SMEs, Aberdeen used the followign key performance criteria to distinguish Best-in-Class companies, with top performers producing impressive results:
- An average of 2.9 days to close a month
- An average of 34 Days Sales Outstanding (DSO)
- 95% complete and on-time delivery
- 17% growth in operating margings over the past two years
Reasons to purchase:
- Gain Real-Time Visibility of All Processes
- Access ERP from Mobile Devices
- Use More ERP Functionality
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