Are you in the process of selecting the best ERP solution for your business?
If yes, then you have landed on the right place!
Planning is an integral part of running a business, with advancements in technology, it is imperative for businesses to adapt to the changes and bring in organizational agility.
Enterprise Resource Planning (ERP) is the solution & core processes for the business that are integrated in a single system.
This solution serves as the centralized repository for all types of data and provides real-time insights and workflow automation. The best ERP software solution is also capable of ensuring that the business is compliant with industry rules and regulations.
The use of modern-day technologies like Artificial Intelligence and Machine Learning helps in the integration of various core business processes like planning, inventory management, sales, marketing, finance, commerce, human resources and more.
With the choice of the best ERP solution for their business, stakeholders can improve customer experience, employee experience and analyze the financial health of their organization. For more details on how to choose the best ERP solution and what are its characteristics read the article that follows.
What are the purchasing considerations in the ERP selection process?
Prior to choosing the best ERP solution for your business there are some questions that you need to ask yourself. Don’t worry you don’t need to hunt for them, they are right here, read below!
Q1 – What is your company size?
Well, keeping it short and simple, no matter what the size of your company is, an ERP solution is a must.
Q2 – What functions does your organization caters to?
The answer to this question helps businesses decide which ERP solution will suit their company requirements in the best possible way and what all services should they opt for.
Q3 – An on-cloud or on-premises solution?
Before understanding the requirement type, it is necessary that stakeholders understand the basics of what these deployment options offer.
- On-cloud – With this deployment option stakeholders can access the software from anywhere and any device at any point of time. A proper connectivity with the internet is required for the same. An additional benefit is that when a solution is deployed on-cloud it offers enhanced security to the data.
- On-premises – The traditional method of deploying software. It allows the access of the solution on company servers only where the software is deployed. For companies that deal in local works and have local clients this will serve as an apt option.
How to choose the right ERP solution?
The most difficult thing is to make the right decision, especially in a business where every decision makes a drastic difference to the ongoing processes.
“A company may employ the most sophisticated software in the world, but unless information is managed, timely, accurate, and complete, the system serves little purpose.” – Wayne L. Staley
Purchasing the best ERP solution can be a pricey investment for businesses, however, the new opportunities, ease, simplification, insights, and much more that it offers makes it worth the spend.
Wondering what is the best way to find the ERP solution that fits your business requirement?
Here are 4 steps to help you choose the right software for your organization:
Step 1 – A review and analysis process
Every business should first evaluate themselves, on pointers like ongoing processes, pain points, key requirements, scopes of automation and strengths. The result of this analysis helps business owners understand the expected position of the company in the coming years.
Having this analysis handy, helps in aligning the features offered in the demo given by solution providers and the actual business requirements.
Step 2 – Opting for the best technical fit
It is imperative that the ERP solution that you opt for aligns with the business infrastructure (in cases where businesses are not looking for a change in the latter anytime soon). The technology at use in the organization must be able to fit in the upgradations seamlessly.
Step 3 – Determining the cost of ownership
To know the cost of deployment, licensing and the risks involved in opting for a particular ERP software solution is a must. Stakeholders should not completely rely on the sales representatives of various ERP solution providers instead do their own part of research.
Step 4 – Make a fool-proof plan
A plan that works is needed for choosing and using the best ERP solution. It needs to work properly. Any mishappening or mistake should not cost you loss or theft of crucial data and details.
Why should one choose the best ERP solution provider?
When a business chooses a solution provider, it’s a commitment for both sides. Remember that. The price paid is not refunded and the stakeholders are left with two choices. First adjust with the solutions and services they already opted for, which is not the best fit. Second look for other solution providers to carry out the entire process implementation.
Best ERP solution provider – Dynamics Square
With 500+ successful implementations, Dynamics Square serves as the best ERP solution provider. With a team of experts having in-depth knowledge and experience handling all types of challenges in the selection and implementation process. Dynamics Square had a Partnership with Microsoft, which is the #1 ERP solution for businesses worldwide. For immediate consultation and assistance click the button below.