PC Soft ERP Solutions Pvt. Ltd. offers a business model that makes operations smoother and streamlines various processes to reduce expenses and enhance productivity.
Selecting a suitable enterprise resource planning (ERP) system is one of the most important decisions a company can make. To be sure, there’s a lot to think about, not only the features, cost, and deployment model of the ERP systems, but also the vendors behind them, with whom you’ll be working for years. You must make the right decision. A thorough assessment is required, which may take time, but the investment will pay in long run. This guide contains some ERP system selection criteria that will assist you in making the best decision for your company.
Top 10 ERP selection criteria
1. Know your business requirements
First and foremost, you must be clear about why you require a truly integrated ERP system for your business. The question may appear simple, but the answer requires considerable thought. That’s where a designated internal team of stakeholders from various areas of the business can come in handy. Each team member must first solicit feedback from their own teams on how they intend to use a new system, including desired features. The internal team can then create a business requirements analysis document that coordinates the feedback, articulates an overall vision for how the system will bring value also known as ROI — to each business process and specifies which metrics will be used to measure that anticipated ROI. This document can be used as a guide and/or checklist when evaluating various systems and calculating the ROI of the ERP system. This will help you to come to a better decision.
2. Look for suitable ERP features
Every business is unique with different sets of requirements. Thus, there comes the need for a specific set of the module(s) to support the business. A truly integrated ERP system suites include numerous product modules with varying functionalities. They are created to meet the needs of various industries and organizations. You need to analyze the features that will make all your business functions run smoothly. PC Soft has gone to great lengths to listen to and understand the business practices and workflows of its customers. They have built-in functionality that boosts employee productivity and business commerce connectivity while making the system user-friendly.
3. Consider your budget and ROI
Select the appropriate modules for your company. ERP product modules should be chosen based on the needs of the organization and the available budget. Remember to include the costs of training, enhancements, and implementation when calculating the budget.
In addition to the budget, list the available internal and external resources you will need to use. A truly integrated ERP implementation typically necessitates the formation of a steering committee as well as a technical team. To get the best ERP solution, try to stretch your budget a little. It is a long-term commitment, and you will not want to skimp on quality.
On the other hand, be assured of what you expect in return from the new ERP system. Definitely, you would wish for increased workflow efficiency, employee productivity, sales and profits. PC Soft’s truly integrated ERP system offers the best ROI by fulfilling all your wishes along with reducing your time consumption decreases and generating more revenue from the resources.
4. Get an ERP that easily integrates with your existing system
Most companies already come with some kind of software that serve their purpose adequately and do not want to change them, even if they are considering an ERP system. So, it becomes essential for you to talk to your implementation partner and know the integration capabilities of the ERP solution you are selecting so that you do not need to remove the already existing system. A truly integrated system can benefit a lot from the wealth of information that has been collected over the years by the old system.
5. Make sure you have user support
Successful implementation and working of an ERP solution depend on the support of the users. Since a truly integrated ERP system will be one platform to share information and all employees from various departments will be using the same software, it is imperative that they collaborate with each other and be transparent. Communicate with your employees and earn their trust and support by ensuring that their needs are also included in the requirement list of the new ERP system. By combining ERP systems with user adoption, you can get the best result for your company.
6. Know the time period required to implement the new system
Depending on whether the system is deployed on-premises, in the cloud, or in a hybrid combination, ERP implementation can take anywhere from one month to more than a year. In general, an ERP system will get a company up and running faster because the vendor handles implementation rather than tying up internal resources. A new ERP is typically implemented in stages, including data migration, which necessitates data cleansing to ensure data quality. Before going live, rigorous testing is required.
7. Maintenance, support and training
Following the selection and implementation of a truly integrated ERP system, you may need to make specific enhancements based on new requirements or due to an error in listing the organization’s needs. Furthermore, your ERP system will necessitate regular maintenance in the form of technical support and training for new employees. These services will be provided by an excellent implementation partner such as PC Soft.
8. Get an ERP adaptable to new technology
These concerns apply to the software used to create your ERP system and the hardware required to run it. We expect ongoing developments and improvements in both domains. We don’t want either to be on the cutting edge of technology, but we also don’t want either to be using outdated technology today. Therefore, you will want to purchase a truly integrated ERP system from a provider with a track record of success in keeping up with technological developments and who promises to stick to that strategy.
9. Customization
If you are looking for a customized ERP system, make it your selection criteria. The need for customization will be determined by the complexities of your business processes — and even if you don’t require it at the time of ERP selection, it may become necessary as the business grows. Select an ERP system that allows for easy and efficient customization.
10. Go for an experienced implementing partner
Along with ERP software, it’s a good idea to evaluate ERP vendors for their industry expertise. The ideal vendor will have a successful track record of prior ERP installations for companies in your industry and of similar size. It also pays to obtain and verify references from satisfied (and possibly dissatisfied) customers. Financial viability is also important for securing future funding.
PC Soft ERP solution Pvt Ltd has over 30 years of experience in this service and partners with multiple industries to meet your needs in better ways. We have completed hundreds of successful ERP implementations. We earn trust from our clients for our services and our clients remain with us for a long.
Conclusion
While selecting an ERP system, you must keep your goals in your mind and look for all these selection criteria for an ERP. If you follow these, you will be able to select an ERP that will efficiently serve your business today as well as tomorrow!
A truly integrated ERP system from PC Soft, a Pune-based ERP solution provider, serves varied functions of different types. So, if you need one, contact us.