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It is no longer just about SAP or Oracle; large enterprises now have a variety of options.
ERP provides standardization and automation to resource and financial manangement. The enterprise-level systems provide modules to support resource planning in every department.
The cost and complexity of ERP makes achieving ROI impossible without clear goals and enterprise-wide support. Most organizations fail to standardize their processes and rely on costly customizations to match the ERP to the business needs.
The vast number and type of modules that are available often leads to unused modules.
Focus on the primary business pain that you need to solve, and match the need and vendor. All vendors in this landscape can support the basic financial planning and reporting that enterprises need to handle.
These products will not fix any data quality or data access problems. That still requires forethought and governance; this cannot be automated.
Evaluate the analytics as a primary requirement, not as an afterthought.
Impact and Result
Understand what’s new in the ERP market.
Evaluate ERP vendors and products for your enterprise needs.
Determine which products are most appropriate for particular use cases and scenarios.