A September 2011 Research Report tabled by the Aberdeen Group (USA) into the success of ERP systems within SME’s concludes that “Best in Class Performances” were being achieved.
ERP Enterprise Resource Planning (fully integrated business software packages – like InterAcct Software)
SME Small to Medium Sized Businesses
For the fourth year in a row, Aberdeen turns its eye towards the tangible performance enhancements that SME’s are achieving through ERP systems deployment.
It was discovered that 77% of companies had already implemented an ERP solution in the USA.
The Best in Class Performances resulted in –
- Average of just 2.69 days to close a month (including Financial Statements)
- Average of 33.11 days sales outstanding (Debtors aging)
- 96% complete and on-time delivery of products and services
- 21% growth in operating profits over the last two years
The survey results showed that the Best in Class firms shared several common characteristics –
- 96% more likely than all others to provide Decision Makers with automatic alerts when certain defined conditions occur
- 2.61 times as likely to provide a fully integrated view of all customer information to sales and marketing employees
The key benefits of a successful ERP installation were listed as –
- Lower administrative and operational costs
- Improve on-time delivery
- Increase speed of decision making
- Increased customer satisfaction as well as new sales pipeline
- Gain a better knowledge of day to day operations
It is interesting to note….
- InterAcct Software was one of the first in the world to develop an ERP system (being a fully integrated business/accounting software package)
- Developed in Australia, InterAcct continues to be at the leading edge of this technology.
- InterAcct’s software and services pricing allows SME’s to easily afford the investment in this software and so reap the benefits experienced by companies around the world using ERP systems.
