How to Select an ERP System: Everything You Need to Know

1543

Are you wondering how to purchase an ERP system that matches your business needs and improves your operational efficiency?

Having an ERP system that fits your business is critical to increasing your company’s viability. Plus, an ERP system will make your company’s operations streamlined and efficient.

To select an ERP system for your company, you need to conduct plenty of research and talk to system providers. Keep reading to learn everything you should do before picking a new system.

Determining Your ERP System Needs

Advertisement

It is important to begin determining your ERP system needs by analyzing your current business processes. Identify which areas need improvement and the objectives that need to be achieved through the new ERP system. Additionally, determine the desired return on investment (ROI).

Once you have identified the areas that need improvement, evaluate potential ERP systems based on the ERP system features and technologies they offer. Your business needs may change in the future, and you want to select an ERP system that can grow with you.

Also, consider comparing the ERP system costs of ownership when selecting your ERP system. This includes:

  • hardware and software costs
  • implementation costs
  • training

Choose an ERP system that is certified by professionals and provides training and quality support. The selection process should include gathering input from many stakeholders, including end-users.

You can even choose between Oracle NetSuite vs SAP; these are two popular choices, though each has unique features. This will ensure that the system meets the needs of the entire organization.

Reading Online Reviews

Reading online reviews is a great way to start researching an ERP system and decide which vendors you would like to speak to. Reviews can offer valuable insight into user experiences and can give you a better understanding of what to expect from a vendor.

They can also provide feedback on ease of use, support, features, and pricing. Reviews from other enterprise users and industry professionals can give you the best insight into the pros and cons of an ERP system and what steps you may need to take to implement the system successfully.

Understanding Different Types of ERP Systems

When selecting an ERP system, it’s important to understand the different types of ERP systems available and the features they offer. Generally, ERP systems can be categorized as either:

  • large
  • medium
  • small

Large ERP systems offer comprehensive enterprise-level features and a large number of users. While medium ERP systems offer fewer features, they still provide some scalability and customization. Small ERP systems are best suited for small businesses, as they have fewer features than the other two options.

You should also consider the cost of implementing and maintaining each type of ERP system, as well as the industry you’re in. Some industries require extra features that may require more in terms of cost, implementation timeline, and customization.

Understanding the different types of options for ERP systems and associated features is the first step in successfully selecting an ERP system.

Select an ERP System that Best Fits Your Needs

An ERP system can significantly boost efficiency for any business. But it’s also important to research and compare ERP system costs and features to select an ERP system that fits right.

Taking the time to read online reviews, vendor capabilities, software scalability, and pricing are all necessary steps for organizational success.

Did you find this article helpful? Check out the rest of our blogs!