“One question small businesses & SMEs often ask is, do we need an HR Software? Of course, the answer to this question depends, but in most cases, it’s YES. While companies have managed with manual processes, spreadsheets and off-the-shelf software, in today’s digital economy, running your business without a well-rounded HR solution is synonymous with a warrior going to battle without a proper weapon. Inventory management, invoicing, receipts are just some of the top needs for many an SME; all of which are solved with the Swifta HR software.”

Human Resources Software (HR Software) manages all aspects of a business, including production, planning, purchasing, manufacturing, sales, distribution, accounting, and customer service, from one fully integrated system.

SMEs use HR software to improve communication across departments and optimize business processes by providing easy visibility of all operations. HR software also helps small businesses integrate both their financial information and customer information into one system.

What do SMEs and other small businesses stand to gain from an HR? 

A common misbelief about HR is that they are for large-scale businesses only. ERPs were first developed to meet the needs of large scale enterprises — as the name suggests — but ERPs can help businesses, large and small alike, integrate all of their business processes and data into one place.

No business is too small for an ERP solution — just because you are a small shop doesn’t mean that you can’t operate like an enterprise-scale business — and take advantage of intelligent business solutions like ERPs to streamline your production.

ERPs let’s small businesses: 

• Share Information: Connect and integrate all departments in your company, so you can easily share data and information between divisions to streamline processes. ‍
• Increase Throughput: Boost throughput without hiring new staff or expanding operations by automating processes, eliminating redundant work, and increasing shop efficiency. ‍
• Gain Business Intelligence: Use accurate data and reporting to track progress, productivity, and performance — giving you improved insight into your business for better decision making.
• Improve selected performance metrics: ERP can manage everything from inventory to accounts receivable to your entire accounting infrastructure. Consider operating costs or a segment of inventory; or other improvements that may directly or indirectly impact top or bottom-line performance.

On a final note, the right ERP for your small business is all about fit, and it will vary depending on your business, your industry, your size, your budget, and your needs. What may be the best solution for a multinational organization will not meet an SME starting. A good solution will help you deliver more jobs on time, reduce inventory costs and ultimately reduce operating costs.

To find the best ERP for you, you need to take a hard look at your business, your strengths, your weaknesses, and your needs, and then do a little research to find an ERP that was built for your unique situation.

To see how KlevaHR can help you grow your business, try our Free Demo Now.