Among the many challenges that every company face everyday, we count equipment limitations, budgeting and staffing constraints. With all those restrictions, is it possible to even think about acquiring first level business management tools for SMEs that suit their needs?
And we get it. Your SME is just beginning operations and faces the same challenges as all large corporations. So the only thing you can keep in mind at this moment is conquering a prestigious position in your market.
If this is your case, modesty is the measure and you need to organize everything in order to ensure that your name will be soon recognized as a synonym of quality and preference among your closest competitors.
Then, goals; execution times; personnel; equipment; earnings; budgets; and basically everything should be addressed to giving small but sure steps towards more ambitious projections. And to achieve them all, you will certainly need to include first level management tools that help you move towards it.
The thing is, first-level management tools are nowadays the best way to get you closer to the business success you aspire and need. Now, with all the limitations you have, is it possible to acquire them your SME; and even more, is that possible to adapt them to fit your needs? The answers may surprise you: Yes, you can; and yes, it’s possible. Let’s review them and see which of them you should have to boost your operations.
First level business management tools for your SME
Let’s start with Enterprise Resource Planning, of simply ERP. ERP systems arose from the need of planning the supply chain of materials and production. However, its usefulness has been successfully proven in all the functional areas related to services; distribution; marketing and logistics; and even offer interesting data for related operational areas such as CRM or BI.
Today, ERP solutions are first level management tools that make a big difference and grant a competitive advantage to highlight in the market.
On the other hand and speaking about CRM; the short version for Customer Relationship Management. These management tools take care of the administration of the sales funnel with particular emphasis on the life cycle of the clients. Its power extends to other binding areas such as relational marketing and customer success in order to strengthen the bond with each one of them.
Next, we find management tools that encompass what we know as Business Intelligence (BI). Although it was introduced during the 19th century; all its value remain in full force and effect to these days especially for the management of market information; users; suppliers and others. Basically, BI tools collect useful information that allows making informed decisions beyond the IT department.
Next, we have Human Capital Management – HCM solutions. These management tools are in charge of managing the employee’s life cycle from end to end.
With these tools you will able to know in deep the individual performance of each employee; and you will always keep all the related information in the same spot. It also offers you additional information of financial and social nature linked to your employees: Insurance; loans; promotions; arrangements and mobility in a simple and friendly way for non-specialized personnel.
Finally, we find solutions in Enterprise Resource Planning – EPM .These management tools focus on duplicating and interconnecting inter-departmental dynamics in the Cloud with emphasis on the achievement of business objectives. In other words, they offer integration between sensitive areas: Financial data; Supply & Production Chain; Human Resources; IT; etc.
In summary and to make it clearer; EPM solutions are responsible for designing; supervising and interconnecting the company’s internal processes – regardless of its size – to improve its overall performance and benefits. That’s the reason why EPM solutions should be incorporated to your company from day one.
Now, which of these top level management tools really suits to your SME?
After reading all the benefits and advantages that each one of these first level management tools bring; you surely want to adopt them all. However, it’s time to settle down and honestly answer these questions:
- What’s the market your SME belongs to?
- What services or products does it offer?
- What infrastructure conditions; staff and technology do you need to adopt them?
- Can they integrate and operate harmoniously with your legacy systems?
- Under what conditions can you acquire the licenses to integrate them to your systems?
- Do you really need/can afford them all?
Now, if you run into difficulties even to answer these questions, don’t worry. In FusionWorks understands that you need help to make stand out your SME; and this desire includes the comprehensive evaluation to detect your specific needs.
Make an appointment here so that we together get the answer you are looking for to integrate the specific management tools that will give you the benefit you require.