Small and medium sized companies are considered to be the foundation blocks of the economy of a country. They too go for the investments in latest information technology to consolidate its position in the ever competitive market. Maintaining the focus for a big change within a short span of time, these investments for ERP in a mini form helps these small sized companies to work more efficiently delivering better financial results. ERP in the mini form provides all sorts of flexibility in information technology by proper integration of the functions and can be easily adapted by the users. It is obvious that the companies that have implemented the ERP solution will stand much ahead of its competitors.
The main advantage of the mini ERP is that it comes in a consolidated package that covers all the important functions of a small enterprise, providing a better deliverable position in a cost effective manner. The multiple functionalities of this package will serve the purpose of accounting, production, sales, managing customer relationship, cost accounting, effective communication including transportation and delivery. Mini ERP packages has proved to be a success for companies with limited resources and so are widely used by a large number of companies with an appreciable number of users.
Working on a single platform, the mini ERP provides the solution in many units that reduces time and improves the quality of work. With a limited number of competent professionals it requires less man power at the same time delivering a quality service.
Due to the increased demand for the mini ERP, there is a rising competition among the ERP vendors to produce consolidated packages that can cover a wide area of functions. Targeting this market, these vendors get better market value of their products with an effort to accommodate unique features. This involves lesser investment and maintenance costs of the companies with reduced overheads, better documentation and investment facilities and the integration of the front office and the back office software.
ERP has emerged as a tool whose functions cover a wide range like Human resource management, customer relationship management, accounting and financials, management of production and warehouses, supply chain, logistics etc. which previously functioned as separate entities. Now the trend demands of a wider range of functionalities through a singe application that has a positive influence on the work structure of the company. Companies with limited resources are also benefited as they can access the latest technological innovations. They can now deliver greater outputs with less investment. Users also find it comparatively easy to adjust to the mini ERP applications.