Over the past month, we have taken a close look at Enterprise Resource Planning (ERP) selection. This included understanding the possibilities and potential results, grasping what ERP selection findings mean for businesses and the challenges and yet inherent opportunities of ERP selection. There is much to contemplate and consider. For the purpose of review and clarity, the following summarizes the risks and rewards associated with ERP selection.
Business Automation and Software Blog
Last week, we introduced you to a study done by Software Advice, a consultancy that matches Enterprise Resource Planning (ERP) software buyers with vendors, in which they analyzed the factors that influence ERP selection by prospective buyers. We explored the good news that going through this process with consultants specialized in ERP software implementation can produce great results. To learn more about this, visit here. Now, let’s take a closer look at the findings from the study and how they relate to where your business may be at right now. We hope the findings serve as a guide for decisions your business will make in their own ERP selection.
Enterprise Resource Planning (ERP) selection is no easy task. There are many concerns that go into the process of purchasing and implementing an ERP system. These range from finding the right fit to spending the money on a solution, implementing and using it effectively. If you are feeling the pressure, you are not alone. Software Advice, a company that matches software buyers with vendors, recently released a report that analyzed implementation concerns, purchasing behavior, and common pain points of 250 prospective ERP software buyers, they found that 66% of these prospective buyers don’t even have an ERP system in place currently. This illustrates the hesitation that many businesses have about ERP selection. For 24% of buyers, they are looking to replace their current ERP system simply because they feel they have a lack of technical support in using it. You are not the only one out there lacking experience in implementing or replacing these critical software systems. It is important to know that there are lots of people feeling the same way.
Both professionally and personally speaking, the end of the year is a time to think about ending well and starting fresh in 2015. In order to end well as a company, it’s necessary to be thinking about, planning, and executing your end-of-year closing processes. Your enterprise resources planning (ERP) system needs a year-end closing to give your business the fresh start it needs in the new fiscal year and the peace of mind to know that all records and data have been properly dealt with. In order to be successful in ending 2014 well and starting 2015 off right, consider the following ERP year-end checklist for tips on closing the year out with ease and accuracy.
The enterprise resource planning (ERP) solution options of today are vast and are much more advanced than they were just 10 years ago. The advancements have made them more useful, functional, and more integrated than ever yet are still foundational to operational success. This evolution of ERP software has been driven by rapidly growing interest in technologies that promise immediate benefits to manufacturers, Cloud computing, SaaS (Software as a Service), server virtualization, and social business tools.
Cloud computing is a general term for anything that involves delivering hosted services over the Internet (click here for a white paper on the industry standard definition of “Cloud”). There are three distinct things that differentiate cloud from traditional computing: