How to evaluate ERP

But the reality is not any one understands your business such as you do. You’ll be one among the few that has reviewed and evaluated ERP programs extensively before. But, odds are that it’s probably been a couple of years, and therefore the ERP landscape is rapidly changing. It’s impossible to remain on top of the constantly changing landscape of the ERP software industry, and that’s something we’ve experienced first-hand. The great news is we’ve created a roadmap to assist you select the ERP program that creates the simplest financial sense for your organization.

 Evaluate the various modules of an ERP system:

·        Customer Relationship Management (CRM): An efficient CRM module will provide a wholesome view of products, customers and processes across different platforms and devices.

·         Procurement (SRM): This module must include efficient internal control and scheduling features.

·         Production (PLM): Advanced Production Planning (APP) and engineering change management in PLM can smoothen the method changes and balance demand-supply chain that are endless challenge for many businesses.

·         Accounting/Finance: The ERP’s accounting module must deliver on accounts payable, statement reconciliation, payroll and tax filing to scale back workload of the finance department and align compliance caveats.

·         Human Resource Management System: Workforce management, attendance and recruitment features are a requirement in your Human Resources ERP module.

·         Governance: Governance, risk and compliance features in ERP systems allow easy adaptation to vary in policy regulations and technology.

·         E-Commerce: If integrating ERP with e-Commerce for B2C functionality, search for two-way integration with web stores and marketplace integration.

You may or might not need a number of these due to the character of your company. For instance, perhaps automated billing is an absolute must for your business, but maybe customs-clearance tracking for shipping is totally unnecessary because you don’t do business across international borders. Compared to gathering all this information on your own, a template makes it quite easy to feature, delete, and prioritize just what you would like. And, once you've got a prioritized, customized list of your requirements, you've got a way more targeted, specific requirement set to distribute to the software vendors you would like to research further. ERP solutions aren't one-size-fits-all and your selection shouldn’t just be supported buying the foremost popular ERP solution out there. Go searching to ascertain what ERP software providers offer,including what is going to suit your needs and budget.

 

Many ERP software vendors sell solutions that are designed for specific industries, like manufacturing, retail, professional services, and so on. An industry-specific ERP could help make sure you get what you would like from the ERP solution; also as minimize future costly customizations you would possibly get to fill any gaps.