Enterprise Resource Planning (ERP) software is a valuable addition to an organisation’s technology stack, with it allowing businesses to view critical data and even potentially automate essential activities. The more insight you have into the way that your business operates, the easier it will be to optimise your performance over time, reduce costs, and deliver measurable results.
The only problem is that there are so many different ERP software options in the market, meaning it can be difficult to know which one is right for your organisation.
Therefore, we have compiled a list of six steps that will help to keep you on the right track as you look for a solution with the best ROI for your organisation.
Make Sure You Know What You Need
Before you begin browsing through software vendors and features, you need to know what you're looking for.
ERP solutions are most valuable when they address the individual needs of your organisation. For instance, if you have a lot of stakeholders that you interact with regularly, you might need a system that comes with a robust analytics and reporting suite. If you're new to ERP solutions, then one of your priorities may be user-friendliness.
Think about what you want to accomplish with your solution before you invest. This way, you can ensure you're searching for the right solution.
Consult With Your Team
ERP software usually stretches across multiple departments within an organisation. Anyone who might be involved with using your new solution should have a say in the features it needs to have. With that in mind, it's worth sending a message or survey out to the people in your business that will be using the ERP solution going forward to help you compile a list of requirements.
Consulting the relevant parties will help ensure that you don't miss out any critical features or capabilities that your ERP solution needs.
Evaluate the Software Vendor's Reputation
Next, you'll need to think about the software vendor. What do you know about them so far? Are there any reviews and testimonials that you can read?
Though it's helpful to pay attention to a variety of reviews when making your decision, pay close attention to whether your chosen vendor has a history working with businesses similar to yours. If the software you're looking at is proven to work within your industry, then you'll know you're on the right track. You may even be able to reach out to some businesses that have the ERP solution and ask them to share details about their experiences.
Look For A Wide Range Of Software Partners
The more popular and reputable an ERP system is, the more likely it is to benefit from a broad partner network. This means that you'll have a large selection of experts available to reach out to when it comes to purchasing and implementing the solution.
If you choose an ERP system with a limited partner network, you'll need to wait around for the software vendor to assist you with the implementation and development going forward. Partners are much more likely to be able to complete the implementation project on-time and within budget.
Consider Integrations Carefully
ERP software often exists at the heart of an organisation’s infrastructure. This means that when you're implementing a new solution, you'll need to think about the impact that it will have on the technology that's already crucial to your business performance. If you choose an ERP solution that doesn't integrate with your current systems, you might have to invest in replacement tools and hardware that will make the project more expensive.
Considering integrations also means thinking about how and where your team members will be using your ERP solution. On-the-go workers should be able to securely access the ERP functionality that they need from tablets and smartphones.
Look for Something Flexible and Scalable
Finally, don't just shop for the ERP solution that you need today, consider the features that you might need in the future. As your business evolves, you'll need ERP software that's capable of evolving with you. As such, it's important to look for tools that can scale and grow to suit your needs.
It's also worth looking at how committed your chosen vendor is to keeping up with the competition. If they're continually investing in new mobile applications, smart technology, and other innovations, then you know you'll have opportunities to implement new ideas whenever you choose. A more forward-thinking vendor reduces your chances of being left behind in the future.
Choosing the Right ERP Business Solution
There's more to selecting the right ERP business solution than simply selecting the first piece of software that suits your budget. Assessing each of the 6 points above carefully will help you to make sure that you're investing in an ERP solution that delivers measurable results.