ERP implementation helps organizations to move away from legacy processes, integrate current modules and data, and provide seamless interfacing between independent systems. Companies expect an ERP (Enterprise Resource Planning) solution to deliver the right expertise at the expected time, enabling them to make the right business decision.
By selecting the right ERP system, companies can manage key processes such as accounting, production, inventory, invoicing, HR and more under one roof. By automating and integrating business functions in a single ERP platform, top management can focus their attention on innovation and growth aspects. That brings us to the most important aspect of selecting the ERP system that is the best fit for your business.
List requirements and necessities
To start with, identify the process challenges that you want to solve. Bring all stakeholders together to create this list. This helps to bring ownership to the processes once ERP has been implemented. Record in detail how new ERP software will address these issues and get the budget approval from the top management.
Make a list of the ERP providers that you want to consider. Rank them based on functional fit, ease-of-use, Service Level Agreements (SLAs), and their past expertise in handling companies from your industry segment.
Checklist for reliable ERP services
Some important checklist points while sifting through prospective ERP vendors, include:
- Seamless upgradation methodologies used.
- Cloud service capabilities.
- Mobile platforms integration.
- Industry specific accelerators that enable working on a global basis.
- Scalability of the solution.
- Experience in implementing ERP solutions.
- Regulatory compliance and costing.
Choosing the right ERP solution can improve project management and maintenance operations, and help you achieve profits with accurate invoicing tracking. By virtue of being quick, resourceful, and flexible, the software can help manage customer contract obligations through a common dashboard.
Integration with Legacy Systems
An ERP solution that is capable of integrating with existing legacy systems is a must for today’s manufacturing industry. An important aspect to be considered is the amount of customization the new ERP must undergo to suit your processes. Usually costs are very high in the deployment phase because the number of initial customizations may be high. Companies need to be wary of this, and choose solutions that have an agile implementation cycle. This way, the ERP vendor can offer long-term support through regular software updates, which contributes to better ROI and stability.
Training by the vendor
The last and most important factor in selecting an ERP solution is the training part. By thoroughly analyzing department-specific ERP needs, the vendor must be able to set up a training calendar where employees need to undergo in-depth training in daily usage and reporting. Special sessions need to be conducted for senior management on how the solution can help manage other teams, and how to use the dashboard to keep track of every day analytics.
ERP is a long-term investment and sometimes, an expensive one too. So, having the vendor chart out a road map of SLAs, milestones, events, and updates is the final step before wrapping up the selection process.
Looking for a best-in-class ERP solution that suits your company’s needs? Infoways offers an ERP business solution that is a refreshing alternative to a one-size-fits-all ERP delivery model. Infor LN is a tailor-made solution to simplify your complex business processes. It encompasses best practices across industrial manufacturing, equipment, automotive, high tech, aerospace and defense, distribution, and the service management industries.
Are you interested in learning more about our offerings? Book a meeting now.