How to Pick A Befitting ERP Solution for Your Company |
Posted: November 7, 2017 |
While ERP, which stands for Enterprise Resource Planning is rightly designed software to collect, record, organise and interpret data from different business activities, it is the key to unlock the silos in which data are trapped due to departmental obligations or organisational structure. ERP software is in fact the system that provides exclusive overview of all business applications running within the organisation’s computer networks. By integrating different departments by tracking workflow and by assuring data integrity, it saves businesses from the excess of expenses on process automation, single-purpose software, etc. Thus, it’s the time you get a low cost ERP software for your business to save your money. To remove all the odds involved in choosing a right ERP software, this post is a tip sheet outlining the key tricks to choose a befitting ERP software. #1 Evaluating and prioritizing the features Start by identifying the key challenges in the organisation process that you need to overcome and what are the areas that your current software system is incapable of. It’s wiser to chalk out a list of features that are must-haves and rank them according to priorities. The more specific you can be about your every functional requirement, the better it is for your developer. #2 Assess the software vendors you know Create a shortlist of the software vendors and companies known to you for ERP solutions and determine who can best serve your business, your requirements as well as your cost budget. It's easier to create a list of few vendors who are already the market leaders and choose the best one who can cater to your needs absolutely.
#3 List your requirements One of the critical jobs is to evaluate the functions that you want your ERP to perform. You need to be specific about what type of ERP you need as there are hundreds or even thousands of ERP available in the market. So, document your precise requirements to decide on the type of ERP system that can best meet them. #4 Measure ROI Clearly, articulate your goals from the ERP software to measure its Return on Investment (ROI). You might require assessing the performance of your ERP by the percentage rise in employee productivity, reduced headcount, improved accuracy of cost quotations, accounting improvements and others. #5 Closely evaluate demos You need to accurately see software demonstrations before the hitting at the right one. You may require a demo script that outlines the specific functions, features or the workflows that you expected to have in your ERP. A demo with precision can help you in choosing your software and see whether they meet your goals or not, saving a lot of time.
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