New ERP systems alone won't bring about the digital finance transformation many executives seek. ERP implementation can only deliver results if the fundamentals are in place. Explore why ERP strategy is important, then dive deeper via our series of perspectives on how to develop an executable ERP strategy that can help you achieve desired capabilities, setting you up for success now and into the future.

1. ERP Strategy and Digital Finance
Transformation

2. Introduction
• New ERP systems alone won't bring about the digital finance
transformation many executives seek.
• ERP implementation can only deliver results if the fundamentals are in
place.
• Explore why ERP strategy is important, then dive deeper via our series
of perspectives on how to develop an executable ERP strategy that
can help you achieve desired capabilities, setting you up for success
now and into the future.

3. Setting the Stage For Digital Finance
Transformation
Your company has
just gone live with a
new enterprise
resource planning
(ERP) system. It’s
day one and
everyone is excited
to reap the benefits
outlined in the
business case:
reduced manual
effort, greater
transparency, a
single source of
truth, and increased
productivity.
But eight hours later,
you still haven’t
received the report.
Your team tells you
they’re struggling to
pull the data from
the new system and
will need to revert to
spreadsheet models
to generate the
report. What
happened?
New ERP systems
and digital
technologies, such
as robotic process
automation (RPA),
cognitive computing,
and machine
learning, offer new
capabilities that can
make Finance more
efficient and
increase its ability to
provide insights for
better business
decisions.

4. ERP
Strategy
Fundamental
s
• Many organizations assume that technology will solve all
problems.
• In some cases, vendors will convince them that
technology is a panacea. But if the fundamentals aren’t in
place, a well-intentioned ERP implementation initiative
can fall far short of expectations.
• This can lead to a significantly lower return on investment,
increase business user frustration, and cause users to be
skeptical of future projects.

5. • ERP strategy fundamentals include:
• A defined vision and clear understanding of business needs
• A right mix of business partners at the table
• A clear road map for enabling desired capabilities
• An understanding of functional and process integration points
• A meaningful data strategy
• A sound understanding of the reporting strategy with an enabling chart of accounts (CoA)
• A clear plan to identify and develop strong talent

6. Embarking on the ERP Strategy
Journey
When embarking on the ERP journey, an
organization must first know where it’s
going. With the plethora of digital
technologies available in the market,
the organization needs to understand
the possibilities for business
transformation. It must also determine
the role each function and key
business partner (for example,
Finance, IT, and HR) will need to play
during the digital finance
transformation.
Based on our research of Finance
organizations and digital technologies,
Deloitte published Crunch Time: Finance
2025, a report that paints a picture of the
future of Finance and outlines eight
predictions.

7. Business-led Vision,
Capability-Focused ERP
Strategy
• In order to benefit from what these predictions allude to, many companies
are starting with ERP implementations to "digitize the core."
• But the companies that are getting the best results recognize that
technology alone won’t bring them the desired capabilities.
• Business capabilities, functional integrations, scalability and sustainability,
operating models, talent, and desired business outcomes must all be
considered, along with the technologies expected to enable them.

8. • Having a business-led vision and a capability-focused technology strategy is
important for many reasons:
• Cross-functional leadership alignment. Projects routinely fail because
leadership isn’t on the same page when it comes to defining success and
expectations. Having a strategy that’s clearly documented and understood helps
drive the organization toward a common goal.
• Business requirements across functions. An ERP strategy ensures the right
players (Finance, IT, order management, supply chain, and business units)
have a seat at the table and that business needs and requirements are
understood. This helps reduce rework costs if critical functionality is missed or
doesn’t deliver the expected capabilities.

9. Defined scope to manage costs. A
focused strategy includes a
comprehensive scope that can be
effectively managed. This allows for
better cost management and more
effective change management
Road map to success. Like any type
of journey, ERP programs can stray
off course without a road map. A
solid strategy with defined objectives
provides this, along with more
predictable outcomes.

10. Our Services
• Don’t know where to start while deciding to shift to a more advanced ERP system? Confused about
the customization capabilities of different ERP softwares? Not sure how to estimate the costs involved,
and what to check in the product demo?
• We’ll take the stress out of project managing your ERP implementation by:
• Helping you pick a suitable ERP software (after assessing your business needs and requirements)
• Negotiating license costs with the implementation vendor.
• Preparing your team for change management (which is no joke).
• Creating BRD and automating processes – you can rely on our expertise to implement the perfect ERP
for your company.
• Evaluate How to Optimize the Functionality & Cost of Your ERP with our ERP migration consultants,
Book your FREE call Now at below link-
https://contetra.com/erp-implementation-solutions/

11. Website : https://contetra.com/erp-
implementation-solutions/
Email Id :
tejas.savla@contetra.com
Phone No : 98338 18857