At some point, growth focused start-ups can be stymied by their own success if they lack the right technology to manage data, processes and costs efficiently.
Today’s fast-moving business environment hits start-up companies with issues that can make or break success, like:
- Stringent regulatory compliance standards
- Complex customer requirements
- Increasing need to trace materials and audit suppliers
Start-up enterprises can’t continue to rely on what are essentially ad hoc systems of spreadsheets to manage their critical data. Information may be gathered at each step of the production chain, and entered manually into disparate spreadsheets and databases. As the company grows and expands introducing a flexible, appropriately scaled ERP is a necessity to build and sustain competitive advantage.