Selecting an ERP software suite is one of the critical business decisions that an organization has to make. An ERP solution covers all functional areas of the business and helps the organization achieve operational efficiencies.
Here are six tips to find out the perfect software suite:
1. Know Your Requirements
Before selecting an ERP solution for your business, you need to know your business requirements. For example, what business areas are ailing and need to be cured through ERP implementation. You can start by mentioning pain points pulling down your business and streamlining them through an integrated solution.
Netsuite.com.sg is a cloud-based ERP solution that comes with integrated modules that cover all functional areas of your business. It features financial management, order management, financial planning, production management, supply chain management, procurement, and warehouse management/fulfillment.
2. Understand Your Business Growth Plan
ERP implementation is a long-term business decision. Hence, you should consider your business growth plan while choosing the ERP software suite.
Also, ERP implementation is a significant expense, and you will not buy ERP software now and then. Hence, you should share your business growth plans with the software vendor to find a suitable software suite to accommodate your business growth plans.
Netsuite provides a scalable ERP software suite that allows enterprises to add functionalities to the system as the business grows. You can start with limited ERP functionalities to keep costs in control.
Then, as your business grows, you can add new software modules to cover mission-critical business areas to achieve operational efficacy.
3. Planning for Mobile
Most organizations implement BYOD policies in their offices or use them for business processes. However, suppose your organization plans to implement a BYOD policy in the near future.
In that case, you need to look for an ERP solution that is mobile-ready and has robust security features to protect business-critical processes and data. The ERP system should offer encryption on the fly and ensure there is no authorized access to business systems and data.
4. Customization and Integration
Every business has a unique established business process that organizations want to keep. The ERP software should allow customization of the processes to ensure the system can adapt to the organization’s needs while still providing value. The integration capabilities of the ERP software are also an important aspect.
The ERP system should integrate with an existing system and copy all data to a centralized database where it can be accessed by any system that needs data for operations or analysis.
Successful integration of ERP with other systems is essential as it increases the efficiency of the workflows and processes and improves collaboration between the departments and teams.
5. Database Backup Options
Data is a gold mine of essential information for every organization. Every day multiple systems in an organization generate tons of data that can tell you a lot about the efficacy of the organization and the problems it is facing.
Data also allows organizations to visualize the relationships and helps them know what is happening at different locations, departments, and systems.
Knowing what database backup options the ERP software suite provides is crucial in the ERP selection process. For example, the database could be an SQL database, Oracle, or other database structures. It can also help if you decide to migrate your business systems to another software vendor.
If the database backup is not with you, there are chances you are locked with the ERP software for long periods and might not be able to migrate your business to more efficient and intelligent ERP systems.
6. Select an Industry Specific Solution
Every industry has specific business requirements and processes. Therefore, you need to look for an industry-specific ERP solution covering the crucial functional areas. Choosing an industry-specific solution will ensure your staff will not feel like using alien software as the software is tuned as per the needs of your industry.
Following these tips will ensure you select an ERP software suite that meets all your business requirements and put your business on the fast track of growth through operational efficiencies.