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Tips for Choosing an ERP System When you want to select a new ERP system, there are multiple factors to be considered and decisions to be made. Among the challenges you will encounter is how to begin the whole process. Before starting to evaluate the ERP solutions in the market, it is important to have some criteria to guide you. When choosing an ERP solution, keep the following in mind. What Are Your Goals and Objectives? If you are changing your ERP system, it’s important to look for one that will support your primary goals. Your business goals may not necessarily be the same as those of your competitors. For example, you may be looking to improve growth in the short term. If growth is one of your goals, make sure the business has the resources to achieve it.
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You may also want to improve efficiency. Here, you will need an ERP system that can task and process redundancy so that every activity is done just once to save time. 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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Features of the Software All companies have some general operations. Examples of the operations include accounting and marketing. However, when it comes to the capability of the software, you should consider the specific operations in your industry. Both the current and future needs of your business should help you know which features will be ideal to have in an ERP solution. Keep in mind the daily activities that have to be done in your business as you evaluate the features of the software. Review the functions and also include those that are not handled by your existing system. At this stage, you want to have a granular overview of all the specific activities that have to be done in your business. Consider the Technology Used? A few decades ago, the technology that an ERP system used was not really an issue. 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. You will incur much more than the price of the software when choosing a new ERP solution. Examples of other non-monetary costs you will incur include lost time, training and disruption of your business. Make sure the ERP solution you choose is built with modern technology. This will ensure you get better value for your money in the long run. 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. The above are three important things you should keep in mind when looking for a new ERP solution.