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The recent COVID-19 outbreak has wreaked havoc on Earth. It has not only taken thousands of lives but has also brought the entire world economy to a standstill. The most vulnerable portion of the society – poor laborers and factory workers have been asked to leave as enterprises, especially SMEs, are finding it difficult to operate in the current crisis. This article throws light on the effects of COVID-19 on enterprises and how they can tackle it.
The emergency decision of that has been taken to contain the spread of the virus. But it has deeply impacted the financial affairs of SMEs in India. SMEs are under distress and experts estimate that many won’t be able to survive the onslaught. People have been advised to stay inside their home and any mass congregation is strictly prohibited. As a result airline, transport, hotel, retail and tourism industries have been hit and are finding it difficult to keep afloat.
How can enterprises tackle the effect of COVID-19
Experts believe that the COVID-19 pandemic is here to stay for a fairly long time. As per reports, it will take about 18 months to find a vaccine. But SMEs mustn’t panic. Modern ERP systems provide a ray of light and show the way to combat the virus with ease. The following points illustrate how.
- Remote Working: ERP systems help team members stay in contact with each other. While working from home, teams are geographically dispersed but that doesn’t stop them from sharing files, holding conferences and brainstorming sessions on important topics. ERP systems easily collaborate with communication platforms such as Skype and Facebook and act as a central repository; collecting important files, images, texts, audios, and videos that are shared during the session. This means that you can stay in touch with your team members at any time.
- Supply chain management: ERP systems make supply chain management very easy by automatizing the purchase of essential items, send alert messages to vendors, track inventory, etc. This removes the burden from the shoulders of your regular workers and enables them to maintain social distancing, which is the need of the hour.
- Communicating with clients: ERP systems can be easily integrated with multiple communication channels. This includes email, automated voice calls, chatbots, etc. so that you are never away from your clients and can provide them adequate service at a moment’s notice.
Enterprises, especially SMEs have been severely exposed to the ill effects of the COVID-19 outbreak. This is where we can help you. At Sage, we are home to industry-leading ERP platform that enable you to communicate with your clients proactively and help your business stay agile. To know more about them, SMS SAGE to 56767. You can also write to us at email@example.com.
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