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What You Should Consider When Choosing an ERP System If you want to upgrade your current ERP system, there are various factors to keep in mind and decisions to carry out. Beginning the selection process can be quite a challenge. It is important to have a selection criteria before starting to evaluating the ERP solutions in the market. Below are some of the factors you should keep in mind when looking for an ERP solution. Objectives and Goals of Your Company Choosing an ERP system that will support your business goals is important. Your company has unique business goals. For example, you may be looking to improve growth in the short term. Make sure your business has the resources to support your goal for growth.
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Another goal may be to improve efficiency. Here, an ERP solution that can process monotonous tasks and hence free your employees’ time will be ideal. If your goal is to enter the market fast, you may want an ERP solution that can ensure your products meet market regulations.
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Capability of the Software In all companies, there are some general operations that have to be undertaken. Examples of the operations include accounting and marketing. However, when looking at the features of the software, consider what is important in your industry. To know which features will be ideal to have in an ERP system, consider both your current and future needs. As you are evaluating the features, consider the daily functions that have to be done in your business. Review all the functions, including those that may be handled by other third party systems. Here, it is important to know every operation that occurs in your organization. Consider the Technology Used? Technology was not a really big issue when buying ERP systems in the past. During those days, most companies considered features but paid little attention to technology. However, given the way technology changes fast today, it cannot be ignored when choosing an ERP solution. When choosing a new ERP solution, there is much more to be considered than simply price. Examples of other non-monetary costs you will incur include lost time, training and disruption of your business. It is important to choose a system that works with modern technology. When you choose a solution based on technology, you will get better value for your money. Before selecting a particular ERP system, it is crucial to find out what activities have to be done every day in your business and which ones can be handled better by the ERP. When looking for a new ERP solution, keep the three factors above in mind.