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3 Things to Keep in Mind When Choosing an ERP Solution There are multiple factors to consider and decisions to be made when you want to choose an ERP solution. 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. Keep the three tips below in mind when choosing an ERP solution. Objectives and Goals of Your Company If you are changing your ERP system, it’s important to look for one that will support your primary goals. Your company has unique business goals. For instance, one of your goals may be to grow the business in the short term. Make sure your business has the resources to support your goal for growth.
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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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Capability of the Software All companies have some general operations. Among the operations are marketing and accounting. However, when it comes to the capability of the software, you should consider the specific operations in your industry. Consider the current and future needs of your company to determine which features to look for in an ERP solution. 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. Technology and Scalability A few decades ago, the technology that an ERP system used was not really an issue. Features were more important considerations when choosing ERP systems than 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. You should look for an ERP solution that is built with modern technology. This will ensure you get better value for your money in the long run. You should consult all stakeholders in your organization to know what features will be critical to have in the ERP solution you would like to select. The above are three important things you should keep in mind when looking for a new ERP solution.