What an ERP solution offers
With all the ERP applications out there, it’s important to remember two things: ERP software should help you with your everyday tasks but also have the ability to assist in your company’s long-term growth. It needs to have capabilities to help with different financial and operational processes, it needs to be adaptable to your business needs, and it should also be built on a modern technology platform that gives you business process automation, insights, security, and scalability. Here are other benefits a modern ERP solution can offer you.
The solution you choose needs to offer pricing alternatives that work for you based on multiple factors, including the size of your business, the features you need, and where your data is hosted. Keeping your total cost of ownership (TCO) in mind, you should be willing to negotiate any and all costs with your technology partner.
Choose software that works with and improves on the business processes you’re using now. Efficient ERP should be adaptable enough to install on a server, on premise, or in a cloud solution and viewable on company devices, like tablets and phones.
An effective solution should easily integrate with other software and services you’re using today, with the potential to scale with your business locally and globally. This means identifying new business opportunities and expanding lines of business with the ability to transfer between multiple systems.
If you’re considering a move to the cloud, look for ERP systems that specialize in network and data security. It’s also important that the solution you choose helps you meet the regulatory compliance needs your industry requires.
Speaking of moving to the cloud, implementation can be the trickiest part of integrating new ERP software. Investigate your deployment options, including on-premises and automated, cloud-based solutions. We’ll break down the advantages of having ERP in the cloud later.