What is an ERP? In fact, the question should be "what is an ERP 2.0." as ERP Software has come a long way from how they were 20 years back. Newer ERP systems are completely different. If you are on an older ERP system, you might want to know that ERP systems change as our interaction with the technology changes. For example, 20 years back, we barely had mobile devices and our interactions were entirely different on our systems. With social media and newer technologies, our expectations have changed. And ERP systems need to adapt to these changing habits. So, your old ERP system will not be efficient today. For more details, check the video @ https://bit.ly/3kmTLV6 and blog @ https://bit.ly/3mgroIw

2. Accounting System
@ElevatIQ
Order Management System
MRP System
CRM System
Inventory Management System
Cloud System
Varying opinions around what an
ERP system is

3. @ElevatIQ
ERP is a
management
Information
System
Real-time information on fingertips
Enables managers and executives to have both bird-eye view as well as drill down capabilities on any KPIs of your business
Make quick business decisions
The faster you move in your business, the higher the chances of closing a deal or gaining dominance in the market
Integrated view of the organization
Siloed systems would not provide the timely insight you need about your organization and would cost in admin efforts

4. @ElevatIQ
It’s a buy-vs-
build decision
It’s a product that can be customized
An ERP is a product that can be customized for your business needs with minimum investments
Don’t reinvent the wheel
An ERP platform has been tested by thousands of businesses, so you don’t have to re-invent the wheel
Don’t try to completely change it
Buying a product and changing it to make it look like your old software is not smart, and it could be expensive

5. @ElevatIQ
A Single
source of
truth
Eliminates departmental siloes
provides unifying access to information across the enterprise without conflicts or duplication.
A glue like our human brains
helps us organize information in such a way that there is no second or conflicting source of truth.
360 degree view of customers
Having multiple versions of same customers causes inconsistencies and results in poor customer experience

6. @ElevatIQ
Most Strategic
Investment
Without Fail
Key enabler for other investments
A key enabler for most other forms of investments such as human resources or IP.
Helps form the culture
that attracts key employees to the company who execute and deliver on great ideas, create captivating customer
experiences, and help strengthen the brand.
Access Control and traceability
have access to the right amount of information and traceability so that they can see a clear path of success for them and
help you create the culture that will be your differentiator.

7. @ElevatIQ
A Journey
Technologies evolve every minute
As technologies evolve, the ERP vendors are making their products more efficient, user friendly, and release new features
It starts with your launch
The reason why it starts with your implementation as you get access to data and insight you never had before.
Your needs will evolve
You don’t want to own a SUV if you need corolla today as it could feel overwhelming. Once you grow, your needs will be
different

8. Questions or Comments?
Sam Gupta
Principal Consultant
US: +1-(917) 525-2535 | | CAN: +1-647-961-2661
sam.gupta@elevatiq.com
https://www.linkedin.com/in/samguptausa/
50 Fountain Plaza, Suite 1400, Buffalo, New York, 14202
7631 Priory Crescent, Mississauga, ON L4T 3H4