You would agree with me when I say, “All businesses are unique due to unique mindsets, working methodologies, and ways of dealing with different situations”.
If the businesses are unique, then why should business owners like you end up with a standard ERP solution that offers limited capabilities to deal with your unique business?
Here comes the need for a modular ERP solution that allows businesses to choose and customise the modules needed by the organisation.
The choice of implementing modular ERP makes the business and its processes agile while preparing the business for easy growth, adaptability, and scalability.
Modular ERP enables the business to lower its total investment cost and enhance revenue at a consistent pace. But before we understand the need for a modular ERP, we should first understand it.
What is Modular ERP?
A modular ERP system is a customised ERP solution that comes with a limited number of required modules based on the exact requirements of the business. Modules, like CRM, finance, supply chain management, warehouse management, and much more.
Modular ERP solutions don’t come as standard, but your ERP implementation partner can tailor them for you.
With limited modules, this doesn’t mean that you have to compromise with limited functions and capabilities. In fact, you have eliminated the excess features from the system that can cost you more and lower the overall efficiency of your business solution.
They can offer a holistic 360-degree view, show real-time insights, track raw materials, optimise resources, share data, and process the different back-end operations efficiently without any hassle.
Need for Modular ERP in 2023
If you want to align your business with modern ways of doing business, you need to be agile and ready to adapt to new technologies before your competitors. Adaptation is key to becoming powerful for your customers and among your competition.
We used to believe that all-in-one and standard ERPs were the only solutions for organisations that could streamline entire business processes.
Yes, it is true, but at what cost? With these standard ERP solutions, they come with a high investment cost, a low ROI, less efficiency, more complexity, a typical user interface, less agility, and are unable to cope with the latest upgrades.
In short, such solutions are unable to meet changing customer and business demands.
The modular ERP with cloud deployment option can accelerate your business by utilising the minimum possible resources. It lets you focus on your core business operations, resolve major pain points, optimise resources, and offer critical business insights.
Also, it unifies the entire business data while offering collaboration opportunities among various departments that include finance, retail, supply chain, manufacturing, and transportation.
Below are some points that will help you understand the exact need of Modular ERP solutions:
Implementing Industry Specific ERP
Currently, the ERP market is still struggling to offer industry-specific solutions because we have hundreds of businesses with different functionality. Practically, it is pretty much impossible to build this many solutions.
But there are a number of ERP partners capable of tailoring a specific ERP solution based on the requirements of a particular industry or business type. You cannot customise each solution, but Microsoft Dynamics 365 is one of those solutions that can be aligned 100 percent with the business requirements.
ERP for SMBs
Small and medium-sized businesses run on a low budget, resources, and finances. In such a situation, modular ERP acts like a perfect solution that can manage the limited business operations seamlessly.
In the market, Microsoft Dynamics 365 Business Central is one such solution specially built for SMBs to aid them with low investment and high efficiency. Plus, you can use process automation to efficiently process most of the manual and recurring tasks.
Deployment on Cloud Servers
Cloud deployment offers servers on a subscription basis that let the business save a tonne of money when compared to the high initial investment. Also, it comes with less maintenance, is easy to update or upgrade, is simple to add more modules when required, and has enhanced data security.
Essential Modules that come with Modular ERP Solution
You can implement various modules with your ERP system, and there is no fixed number of modules on the market. Below, some of the major modules are given:
The finance module in an ERP is capable of managing and controlling all finance and accounting processes without error. It can enhance financial transparency, maximise profitability, enhance financial performance, and reduce redundancies in the system.
The sales module gives the staff the ability to handle the entire sales process, from lead creation and qualification through deal closing. It enables sales professionals to convert leads into sales more effectively, assists sales teams in gathering and analysing sales data, and automates tedious processes.
Supply Chain Management Module
The Supply Chain Management module is an essential part of Microsoft ERP that streamlines different business operations with ease, including manufacturing, warehouse, inventory, and distribution. It manages all the activities, from tracking the raw materials to delivering these products to the end customer.
The marketing module gives a company the ability to match the needs of its most important consumers with its marketing strategy. This enabled the company to provide customers with what they wanted.
It also lets users create the required marketing campaign and accelerate their performance using real-time customer insights.
Modular ERP is for today’s businesses who are looking for a smooth and powerful business solution with minimum investments. If you are still stuck in between deciding whether you should go with modular ERP or standard ERP, Dynamics Square can help you out.
Being a renowned Microsoft ERP partner, we understand different businesses and their unique requirements.
Call us today and get everything sorted.