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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. Before starting to evaluate the ERP solutions in the market, it is important to have some criteria to guide you. Keep the three tips below in mind when choosing an ERP solution. Company Goals and Objectives If you are changing your ERP system, it’s important to look for one that will support your primary goals. The goals of your company may be different from those of another company. For instance, you may be looking to grow your business to a certain extent within a particular time period. If this is the case, you should find out whether your business has the resources that will ensure growth.
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Improving efficiency may be another goal you want. In this case, look for an ERP solution that can process redundant activities once to free your employees’ time. For market entry purposes, an ERP solution that will ensure your product meets all market regulations will be the right one to buy.
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Features of the Software In all companies, there are some general operations that have to be undertaken. Accounting and marketing are a few of the operations. However, when it comes to the capability of the software, you should consider the specific operations in your industry. To know which features will be ideal to have in an ERP system, consider both your current and future needs. It is important to remember the daily operations that are done in your business as you evaluate different software. 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. Technology and Scalability A few decades ago, the technology that an ERP system used was not really an issue. During those days, most companies considered features but paid little attention to technology. However, when choosing an ERP solution today, ignoring technology will be at your own peril. Price of the new ERP solution is not the only cost you will incur. Lost time, training and disruption of your business are other things you will have to consider when choosing an ERP solution. You should look for an ERP solution that is built with modern technology. This is important as you want to get value for your money. 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. When looking for a new ERP solution, keep the three factors above in mind.