Tips for Choosing an ERP System
If you want to upgrade your current ERP system, there are various factors to keep in mind and decisions to carry out. Beginning the selection process can be quite a challenge. You should know the primary selection criteria that you and your team should follow to find the right ERP system.
Below are some of the factors you should keep in mind when looking for an ERP solution.
What Are Your Goals and Objectives?
If you are changing your ERP system, it’s important to look for one that will support your primary goals. Your company has unique business goals. For example, you may be looking to improve growth in the short term. If growth is one of your goals, make sure the business has the resources to achieve it.
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You may also want to improve efficiency. Here, you will need an ERP system that can task and process redundancy so that every activity is done just once to save time. If your goal is to enter the market fast, you may want an ERP solution that can ensure your products meet market regulations.
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Features of the Software
All companies have some general operations. Examples of the operations include accounting and marketing. However, when it comes to the capability of the software, you should consider the specific operations in your industry. Consider the current and future needs of your company to determine which features to look for in an ERP solution.
As you are evaluating the features, consider the daily functions that have to be done in your business. Review the functions and also include those that are not handled by your existing system. Here, it is important to know every operation that occurs in your organization.
Which Technology is Used?
A few decades ago, the technology that an ERP system used was not really an issue. Features were more important considerations when choosing ERP systems than technology. However, technology is ever changing and today and cannot be ignored when choosing an ERP solution. Price of the new ERP solution is not the only cost you will incur. Other non-monetary costs you will have to consider include disruption of your business, lost time and training.
It is important to choose a system that works with modern technology. This will ensure you get better value for your money in the long run. Before choosing an ERP solution, it is important to find out from other stakeholders in your organization about the features or capabilities that are important for daily business operations.
The above are three important things you should keep in mind when looking for a new ERP solution.