Advantages and Disadvantages of getting an ERP solution

Putting up business can be crucial, whether it is large or small, managing the core business is more critical. That is why finding the right enterprise resource planning (ERP)  can be beneficial if you are able to manage both front and back end transactions of your company.

Enterprise resource planning software, or ERP, is an application that can be customize that will allow businesses to integrate and manage their most important processes. But before your jump into getting your own ERP, you must understand what ERP can do to your business and what solution does your company requires and needs.

Here are some points that you must consider:

1. ERP Cost is the Biggest Factor – weigh what each ERP solution can offer against the goals you have set for your company. Your return on investment (ROI) will depend on the overall value derived from your ERP over time. The best ERP system is one that meets your anticipated requirements now and in the future—and it may not be the cheapest.

2. ERP is an IT Solution – your IT team will most likely spend the most time conducting the ERP research and performing the implementation, but your entire company will reap the benefits. It’s imperative that your ERP selection team includes stakeholders from your key business operations as well as your IT department.

3. The More ERP Functionality, the Better – to understand why getting an ERP  might not be your best selection strategy, you want consider two important factors: what makes an ERP software company successful, and what drives success for your company. A software company can thrive by making software that meets the needs of their target market without overwhelming them with unneeded functionality. Likewise, many organization can become more successful by simply streamlining operations. The takeaway is not to be dazzled by software that has many capabilities. Instead, focus on the solution that addresses each of your business’ actual needs. Choosing a software that can do a lot of what you don’t need is never the right solution.

4. Have External ERP Experts Choose Your System – Using an external consultant can be a great idea to help with selecting and implementing the right software. Your internal IT team is probably taxed to the limit managing day to day operations. However, your IT department needs to play a leading role in the process–because their experience and insight on your operations can have a major impact on the success of the ERP implementation. A consultant might have a better understanding of the software and even your industry–but your own IT team plays a critical role by applying their knowledge of your company to ensure a successful ERP selection project.

5. Pick the Solution That Checks all the Boxes – ERP software may seem like the perfect fit on paper—but will it meet your needs in the real world of your business environment. It’s always a good idea to get live demonstrations of your critical processes or a software trial before signing any long-term deal.

Buying ERP software means having a long term relationship with vendor, including their customer service reps and technicians. It’s a good idea to give yourself time to observe and assess the relationships that come with your new software.

If you’re looking for partner that can provide you the ERP Software to meet your business’ requirement, Hilsoft Inc is a team of specialists and software engineers who can deliver the best software product and service using their cutting-edge technologies and employing the best software methodologies.

Source: https://selecthub.com/enterprise-resource-planning/erp-advantages-and-disadvantages/