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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 Choosing an ERP system that will support your business goals is important. Your business goals may not necessarily be the same as those of your competitors. For instance, you may be looking to grow your business to a certain extent within a particular time period. If growth is one of your goals, make sure the business has the resources to achieve it.
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Improving efficiency may be another goal you want. 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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What Features Does the ERP Have? In all companies, there are some general operations that have to be undertaken. Accounting and marketing are a few of the operations. However, when evaluating the different features available in a software, the operations of your industry should guide you in the selection process. 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. These functions should be reviewed, and should also include those that are not being handled by your current ERP. At this stage, you want to have a granular overview of all the specific activities that have to be done in your business. Which Technology is 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. 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 some of the factors to keep in mind when you want to buy an ERP system.