One of the biggest advantages of implementing an ERP software solution is that it will give you more time to focus on how to grow your business. In addition to saving you time by automating a number of different tasks, FiO ERP can also help you work on that growth in many different ways.
The best way to use the myFiO ERP software to grow your business is to approach its implementation on an as-needed basis. The ERP software has the ability to take your business to the next level right from the very start, but that can often be too overwhelming for business owners. Many prefer to implement one step at a time based on their largest pain points.
Every business has a wide range of potential pain points, and whether your biggest issues are with inventory, margins, or supply chain management, the myFiO ERP software has a module that will help you automate a large portion of your business.
The best way to implement any ERP software is to focus on one specific pain point at a time and then continue to increase the quality of the problems you are setting out to solve.
Here are some of the most common pain points that myFiO ERP is able to address:
Customer, Sales and Staff Database Management
Managing multiple databases can be a major pain point for many growing businesses. When you started out, it was easy to keep track of your handful of customers on a spreadsheet and you might not have had any employees at all.
As your business grows, a number of leads, customers, sales and employees you need to keep track of will skyrocket. This is a good thing, but you need to be prepared to handle it!
In order to keep up with all of the information you need to store for each of these, you are going to want to implement some form of CRM software, and myFiO ERP has the perfect component for that. You will be able to keep track of information relating to all of your leads and customers, document all of your sales data, and even store your employee records.
Supply chain management is often the biggest struggle for many fast-growing companies. Getting a handle on these types of issue early on will no doubt be helpful in growing your company for years to come. Implementing an ERP software will allow you to watch your inventory like a hawk and myFiO ERP give you the added benefit of doing so in real time.
Another way that myFiO ERP can help you grow your business is by allowing you to improve your multi-channel inventory management, making sure you keep just the right amount of inventory available to each of your sales channels.
If your business handles any type of manufacturing, myFiO ERP has a module that will allow you to really dig in and break down your manufacturing processes. This will enable you to identify and eliminate any and all bottlenecks, thus improving your capacity.
E-Commerce retailers will be able to dramatically grow their businesses through the way that myFiO ERP allows them to quickly and easily update their product lists and other online content right from the ERP interface.
Finance and Accounting
myFiO ERP software also contains a finance and accounting module that will integrate with all of the other modules and allow you to stay up-to-date with all of your relevant financial information without having to leave the ERP interface. This can be an incredible time saver and can lead to better financial awareness.
As if all of these great functions weren’t enough to help you grow your business, myFiO ERP also offers easy data migration, so you can import data from just about anywhere and get up and running fast. There is no telling how fast your business will grow once you start saving time and capitalizing on all of the great modules built into the myFiO ERP software!