top of page
Shrink Software FAQ
Shrink Software is a cloud-based enterprise resource planning (ERP) system for small and midsized to large businesses, especially those growing quickly. Shrink Software offers flexibility, mobility, and exceptional ease of use while reducing IT costs and improving collaboration across the organization.
What is ERP?
An enterprise resource planning system can best be described as a centralized database that streamlines data collection and analysis from multiple sources. An ERP can serve as a single source of truth by connecting data across business departments, instead of each department operating their own discreet databases. A properly implemented ERP can improve the efficiency of important business processes, often through the automation of manual tasks.
Who uses ERP?
All types of businesses make use of ERP software. Manufacturers can manage production activities, the supply chain, sales, and accounting within an ERP, analyzing how each aspect of the business impacts each other to maximize profitability and efficiency. Retailers can use an ERP to manage inventory and sales activities through the integrated ERP database, adjusting each aspect of their business to increase profit margins and reduce costs. Logistics companies can improve delivery routes and find efficiencies that boost productivity and profitability.
What are the advantages of ERP?
An ERP eliminates data silos within enterprises, allowing data from each department to flow to and integrate with the other departments, automatically.
ERP systems can eliminate manual processes, especially in terms of data entry and analysis.
ERP can streamline business processes to make them more efficient and profitable.
An ERP can manage an entire business within a single system, instead of multiple systems.
Cloud-based ERP can remain updated on a consistent basis, ensuring that a business has access to the latest features instead of worrying about the need to upgrade to new versions.
What are the disadvantages of an ERP?
ERPs can be expensive and complex. If an ERP doesn’t meet the requirements of your business, it can be difficult to derive a ROI from the software.
An ERP can be difficult to implement, not only in terms of installation and configuration, but in terms of training and education for end users.
On-premise ERP systems can be expensive to maintain, especially in scenarios where the solution ages and undergoes customization to work around software issues.
Who can benefit from Shrink Software?
Companies of every size, from pre-revenue startups to fast-growing businesses, can benefit from Shrink Software. The value comes from automating processes previously performed manually and/or in silos. Electronifying and integrating the data reduces man-hours, increases accuracy, decreases the potential for errors, improves visibility, and provides real-time insights needed to make data-driven decisions that reduce costs, improve efficiency and foster growth.
How much does Shrink Software cost?
Users subscribe to Shrink Software for an annual license fee. Your license is made up of three main components: core platform, optional modules and the number of users. There is also a one-time implementation fee for the initial set up. As your business grows, you can easily activate new modules and add users — that’s the beauty of cloud software.
Can Shrink Software be customized?
Shrink Software is not a one-size-fits-all soluton. Rather it is a platform for automating key processes that can be customized to meet your organization's specific requirements. It can also be branded with the look and feel of your organization.
What about management control?
The Shrink Software platform allow companies to track, surface and understand business metrics — a powerful feature. They system does this by facilitating companywide access to near-real-time data, breaking down information silos and offering reporting and analysis for every aspect of business operations.
bottom of page