Today, there are many ERP options available in the market. Selecting or making the right choice of ERP Solution for your business is one of the crucial business decisions. While many companies feel that any software or ERP will work and their organizations will simply adapt to the functionality of the software.

1. Scouting For The Right
ERP Implementation And Solution

2. Today, there are many ERP options available in the market.
Selecting or making the right choice of ERP Solution for your
business is one of the crucial business decisions. While many
companies feel that any software or ERP will work and their
organizations will simply adapt to the functionality of the software.
The right ERP can propel your company forward while the wrong
decision may potentially be catastrophic. This article will delineate
key steps in the ERP selection process. Thus, the decision shouldn’t
be taken lightly or made with incomplete information.
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3. Selection of Committee:
• This is first and most important step of Selecting the Right ERP System.
Members of this committee should be decision makers in the organization
representing all relevant departments.
• While electing the committee leader, most of the companies makes mistake
that they select IT professionals only. ERP solution is the Business decision and
not an IT decision. IT plays only support role in this process. Committee Leader
must have a deep knowledge and understanding of your business and the
Industry, and should have the authority to bring about change.
• Members of the committee need to understand the importance of the ERP
selection process and make the required time commitment towards this.
• Final decision maker, who is going to sign the contract, should be part of
committee. Selecting an ERP is a big decision for any company, it’s important to
have the final decision maker involved as much as possible in extensive meeting
discussions.

4. Conduct a Process Review and
Analysed your Business Needs:
• While selecting right ERP solution “Business Needs” is playing very important
role and not what “You Want”. Wants are only important at the very end of the
process if you have uncovered several potential products that meet your
Business Needs.
• Firstly define and document your current business process also highlight the
pain/strength point. Also include the processes should look like in the future
(”to-be” state) and the corresponding business requirements. These processes
and requirements should eventually help while software demonstration.
• Many company neglects to involve end-users’ requirement and eventually
lead to the failure of the project. End-user must be involved in the project at
the beginning of the project until the end.
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5. Evaluate the Technical Fit
It is very important to understand how a potential ERP solution will align with
your current infrastructure. Also, consider the availability of support technical
resources in the organisation.
Local or Cloud
One more important consideration is whether to install locally or go with a
cloud-based system. Both have its own advantages, a local installation will
generally have a higher upfront const, but lower ongoing maintenance fees.
On the other hand, a cloud-based install, has much lower upfront costs, but
higher maintenance fees. It is important to select the right option as per the
business requirement.
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6. Customization
Many companies are in niche industries not easily served by off-the-shelf
software. You need an ERP system that is designed from the ground up to
allow in-house customization and configuration to serve you a better result.
Some ERP systems, such as Dynamics NAV, are specifically designed to allow
easy extensibility and customization.
Integration
If your business relies on specific software, such as Microsoft Office/Outlook or
any other software, picking an ERP system that integrates with your existing
software can save you both time and money.
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7. Reporting
You need to be evaluating the reporting needs depending on business processes
to decide the potential ERP solution.
Below are the important factors to consider when choosing the right system.
- Which trends are going to monitor over next five years?
- What kind of information, do you need to retrieve?
- What type of analytics do you need to access?
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8. User Training
ERP systems involve big change for people, and the system will not do you
anything good if people do not understand how to use it effectively. Therefore,
spending time on money on training, change business processes (if required), etc.
is crucial to any ERP project. Without adequate training to end user, it is very
risky to rollout the new ERP system.
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9. Read More On This Blog
http://mycfo.in/images/newsletter/sep-2015/index.html OR
http://www.cxotoday.com/story/scouting-for-the-right-erp-solution
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