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Consulting: An Expert Opinion

Are you seeking to improve one or more of your business' operations? Maybe you want to streamline your accounting, or perhaps you are looking to improve the way your employees interact with customers. In any event, you can hire a consultant to come in, spend a few days in your business, and lend their expert opinion as to how you can improve. They may give you some suggestions for approaches you would not have thought of on your own. Learn more about the value of consultants and how to get the most out of this experience on this blog. We've amassed quite the collection of articles on the topic.



Consulting: An Expert Opinion

Four Factors To Consider When Selecting ERP Software

by Catherine Fletcher

ERP software helps by automating many of the administrative tasks in a business. ERP is not a one-size-fits-all solution. Thus, it is essential to weigh one's options when selecting ERP software for a company. ERP software selection can be a difficult task, especially for first-time clients. Selecting the right ERP system for a company could significantly impact its success or failure down the road. Below are five factors to consider during ERP software selection:

Current Systems Compatibility

It is essential to consider an ERP system's compatibility with other existing technologies to ensure maximum return on investment. ERP software should integrate with other software such as customer relations management (CRM) and many others. ERP is only as good as its compatibility. Thus, companies should ensure that the selected ERP software complements its in-house systems. Firms can mitigate incompatibility risks by contracting ERP software selection consultants to oversee the process.

Future Extensibility

Extensibility entails another crucial decision-point during ERP software selection. An ERP system should accommodate additional modules or functions as the business grows rather than upgrading completely when a new module is required. ERPs have been designed with scalability in mind, so most ERPs accommodate future growth within the same system. This factor is crucial because it saves a business from purchasing an ERP software that is overwhelmingly larger than required during acquisition. ERP extensibility saves the cost of purchasing an ERP and allows a business to save on long-term costs of maintenance and support.

Integration with other Applications

The acquisition team should consider integrability during ERP software selection. Companies should ensure that ERPs interface with other ERP systems to maximize integration between different departments within a company. ERPs allow seamless communication between various departments. It also reduces human errors because everyone works off the same system, making decisions more effortless as the information is stored centrally. All data can be accessed from one location, which cuts down the need to access multiple systems. ERP software is a "must-have" for companies working with different ERPs because it allows them to communicate seamlessly.

Alignment to Business Needs

ERP software selection must also consider the system's ability to meet current business needs. ERP integration means that the ERP has external connectors to third-party applications, which allow data to flow between systems. ERPs can integrate with other non-core applications that may be useful for the business to improve core operations. ERPs reduce dependency on manual work by connecting with other non-core applications saving time and reducing human errors. ERPs help companies improve their core operations and business processes by making them more efficient and productive