My concern moving forward (I’m in manufacturing) is that we’ll need a more powerful ERP system to manage the transfer of information. I’ve heard that it’s quite possible to use QB alongside these ERP systems, though…? Unsure how good/realistic it is to do that and I’d guess like anything else, there’s no one-size-fits-all answer
What type of manufacturing, and roughly what revenues?
A good ERP will tell you a lot more about your costs/efficiencies than QB can. But you need to be absolutely 100% confident that your ERP will be the right fit for your business. Might be worth it to use a consultant to give recommendations.
If you’re in high speed manufacturing or packaging, an environment with actual production lines/conveyors, then I would instead invest in performance monitoring software before ERP. IMO it cannot be overstated how valuable that kind of info can be for understanding your efficiencies.
Worximity, Decide4Action, and Redzone are a few options that I’ve seen/used in the past.
I previously worked at a manufacturing company doing high 9 figures of revenue.
They used Netsuite, which is now Oracle Netsuite as their Accounting and ERP.
It was reasonably priced back then and did 95% of what more advanced ERP systems used, but wasn’t owned by Oracle yet, so it might be ridiculously priced now that Oracle owns it.
If you’re going down the path of an ERP system, you probably need to hire expertise to manage it.
It’s likely cheaper to hire a CFO and then deal with a transition to an ERP when you are closer to needing it.
My concern moving forward (I’m in manufacturing) is that we’ll need a more powerful ERP system to manage the transfer of information. I’ve heard that it’s quite possible to use QB alongside these ERP systems, though…? Unsure how good/realistic it is to do that and I’d guess like anything else, there’s no one-size-fits-all answer
What type of manufacturing, and roughly what revenues?
A good ERP will tell you a lot more about your costs/efficiencies than QB can. But you need to be absolutely 100% confident that your ERP will be the right fit for your business. Might be worth it to use a consultant to give recommendations.
If you’re in high speed manufacturing or packaging, an environment with actual production lines/conveyors, then I would instead invest in performance monitoring software before ERP. IMO it cannot be overstated how valuable that kind of info can be for understanding your efficiencies.
Worximity, Decide4Action, and Redzone are a few options that I’ve seen/used in the past.
Woof… welcome to the world of ERP systems. What kind of information needs to be transferred?
Avoid premature optimization. QB is pretty dang powerful and most importantly, understood by pretty much every single accounting and finance person.
I previously worked at a manufacturing company doing high 9 figures of revenue.
They used Netsuite, which is now Oracle Netsuite as their Accounting and ERP.
It was reasonably priced back then and did 95% of what more advanced ERP systems used, but wasn’t owned by Oracle yet, so it might be ridiculously priced now that Oracle owns it.
If you’re going down the path of an ERP system, you probably need to hire expertise to manage it.
It’s likely cheaper to hire a CFO and then deal with a transition to an ERP when you are closer to needing it.