How to choose ERP for small business? [8 important factors to ensure]

ERP for retail business factors

8 important factors you need to ensure before choosing an ERP for your small business.

  1. Understand your industry and its requirements
  2. Integration of ERP with existing systems
  3. On-Premise ERP or Saas based solution
  4. The credibility of Service Provider
  5. Post-deployment support and training
  6. Future upgrades of ERP – Technology adaptiveness
  7. Government authorization and data security
  8. Budget effective ERP for small business- Payment on the Go!

ERP or Enterprise Resource Planning for small businesses is one of the core factors that run a business smoothly. If you’ve ever run a business you might know the automation and integration ERP offers will save you the tons of human labor, confusion, errors and the upgrade of productivity ERP offers. But that’s the old story. Something which was told a couple of decades ago.

Now that we are in the new decade, every business runs on an ERP. The question is whose is better?! Before going to the factors that make an ERP suitable for your business, let me explain the concept of ERP a bit more.

By definition, ERP is a suite of multiple applications that are integrated into a single platform which makes it easier for the departments to coordinate. HR, Operations, Accounts, Inventory, Manufacturing, etc. are brought together and the processes are automated.

Since you don’t have an in-house IT team, choosing ERP for your small business can be a task that needs crucial attention.

1. Understand your industry and its requirements

Yes, that’s the first and most important aspect. The ERP that works for someone else doesn’t necessarily work for you. That is why you must have a deep-down understanding of both ERP and your business requirements.

The types and trends of your industry, sales/inventory requirements, post-sale services, and a lot more matters when it comes to choosing a suitable ERP for your small business or retail business.

Checkout Point provides customized apps and ERP to support your unique business ideas. We cater to all the IT requirements and further helping them to be compliant with FTA regulations associated with VAT and excise tax.

ERP for small business

2. Integration of ERP with existing systems

When you are opting for a new ERP, you should make sure that it can be well integrated with your existing systems and servers. With the Smart POS systems and ERP, you can choose for different devices, but won’t be ditching all your old systems unless you are starting completely afresh.

So while considering options for ERP, you want to make sure that how system integration works.

Read Why your old POS system must be failing you in 2020?

3. On-Premise Solution or Saas based ERP for your small business

The availability of options for ERP might be a little confusing. On-Premise ERPs do good for you if you already have an IT team (or intend to set up one), servers, etc. Along with it comes the responsibility of regular up-gradation, integration, security, etc. Hence it will make your small business a little bigger. However, you will have complete control of your data.

Software-as-a-Service(SaaS) based ERP, you entrust the department to a third-party vendor. They are responsible for all the IT requirements needed- servers, security, and so on. Apart from that, you can access the data in real-time owing to the cloud-based system which is a huge win-win.

SaaS systems are more preferred by a small business for obvious reasons. You should check the following factors before going to a vendor.

4. The credibility of Service Provider

Opting for a SaaS business is the same as trusting a vendor with your data. You should be absolute about the credibility of the service provider you choose. The system they provide must be up-to-date so that you won’t suffer in the long run. The service provider should be able to provide customized ERP for your business.

Checkout Point partnered with Mashreq Bank and Poynt will provide you the best opportunity in UAE

5. Post-deployment support and training

Post-deployment support and training are two factors that most often you go by their word. Always contact the service provider’s other customers before you choose their ERP for your small business.

Keep it in mind that, if they aren’t accountable for the Post-deployment support and employee training, you will end up losing more than earning. That is why Checkout point provides round the clock support.

Learn - ERP for small business

6. Future upgrades – Technology adaptiveness

Technology is a fast-changing world, so are the market and so are you your business. The ERP you choose must be capable of catering for your future requirements also, at least for some years. Yes, you need to upgrade it with technology but not every couple of years. This will cost you more in up-gradation and training. Keep an idea of when to upgrade.

7. Government authorization and data security

The data you are entrusting is sensitive and must be kept with the utmost security. Therefore, when you are handing access to data to someone else, it is your responsibility that they are capable of handling it neatly.

That’s where you should check the authorizations and licenses of the company. Make sure, they have passed all the security tests and have government authorization.

Checkout Point is FTA compliant and holds the authorization. We run according to the Industrial regulations of Cybersecurity and practices.

8. Budget effective ERP for small business- Payment on the Go!

Though ERP act as a key factor of the business, you cannot spend the entire budget for the same. SaaS-based products will cost you less compared to On-Premise.

Here at Checkout Point, you can choose the ERP according to the size of business and pay on the go!

Checkout Point, a subsidiary of WayPoint systems offers you solutions for Café, Grocery, Saloon, Retail stores, Traders, Manufacturing enterprises, SMEs and Large Enterprises. Operating in GCC since 2013 we have a strong background in Enterprise solutions and applications, our venture into Cloud-based solutions and a shift in the business mode towards a SaaS (Software as a Service) based solution provider gave rise to Checkout Point FZCO. Our shift was further strengthened after our key partnerships with Mashreq and Poynt to launch Poynt Products in the GCC market led us to redefine our product proposition.

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