ERP [Enterprise Resource Planning] software features robust and strategic process management tools to manage business data. Today, every business needs to encounter competitive challenges in its niche. So, they need a reliable and efficient solution to access and store their data. Software ERP integrates every facet of your enterprise within a centralized database. It can be accessed by everyone working in the enterprise to access it with a click.
Benefits of ERP system integration
- Offer business leaders real-time reports on their processes.
- Gain access instantly to their overseas supply chain.
- Help to uncover opportunities, identify challenges, and make decisions quickly for enhancing different business areas.
- Help streamline and automate redundant processes and tedious tasks.
- Gain access from anywhere.
- Increase team collaboration and productivity.
- Offer robust reporting & estimating tools that can be used to make educated decisions about business future.
- Data is kept more secure which ensures business operates in compliance with regulatory guidelines and rules.
When you feel that the team is spending more time on tasks that can be streamlined and automated or making an informed business decision is becoming a challenge then it is time to look for a new ERP solution. Even if you have installed different software tools but they are not integrated there is a challenge. It is time to discuss with decision-makers and start exploring vendors.
For ERP solutions you will come across two main types – On-premises and Cloud-based. Businesses that need more control over their implementation choose the former. Nevertheless, with the latter businesses get enterprise-grade security at low ownership cost, configuration flexibility, scalability, and ease of use.
Which is the right ERP system for my business?
Steps for choosing an effective ERP system
Evaluation
Communicate with all the leaders about ERP adaption. Ensure everyone has the transparency in how you will evaluate ERP system providers. When you’re looking for the best all in one erp software for your business, it’s important to research which systems are a fit for your business size and company culture. There are also erp solutions for specific industries like healthcare, pharmaceutical, automotive, start ups, and food manufacturing and finding the right fit for your industry is crucial.
Assessment
Critically scan your business and its operations. Determine what works smoothly and where the challenges are experienced. Consider what is necessary to upgrade or enhance,
Establish criteria
The criteria list will include features, platform, price, and anything the leaders feel is important for evaluating the vendors.
Schedule consultations
Approach the product experts or sales rep at the potential ERP system developers for online demos or in-person consultations. You can gain an idea about every ERS system differs, so make note of it.
Narrow the list
From the vendor list, you need to narrow it to 2 or 3 potential vendors you feel to follow up with. Wheelhouse has new software and service reviews for the best business software, and you can use their reviews as additional references to selecting which vendors to go with.
Contact
Schedule follow-up calls with the vendors you shortlisted to learn more about their products and how they can help your business.
Create a questionnaire
You may have some concerns about the product, so prepare a questionnaire. You can clear your concerns during a follow-up consultation.
Check vendor referrals
Ask for referrals from potential ERP system providers. Talk to their past customers who have implemented their ERP system created by the potential vendor you are considering. Gain as much insight as you can about what they feel is the strength and weakness of the system.
It can help you make the final decision!
Interesting Related Article: “NetSuite Implementation: 4 Key Tips to Ensure Successful ERP Implementation“