Business ERP Selection Guide

Not all ERP Systems are made equal in functionality, form and cost. They perform differently in terms of handling growth and they are not tailor-made to fit individual business needs as equally well. Selecting an enterprise resource planning system represents a major investment in capital, time, and attention from the corporate finance function and the enterprise as a whole. The potential benefits are substantial, but the stakes are high. A successful implementation depends on a host of factors, from the suitability of the software selected to the effectiveness of consulting assistance, whether provided by the vendor or by a third party.
CFO research has consistently shown that one of the biggest obstacles to gaining the most value from an investment in ERP is, ironically, business growth. As companies grow, their business profiles (product sets, business lines, selling behaviours, legal entities, geographies, and so on) tend to become more complex. What emerges from increasing complexity can be an extremely complicated set of systems — often complex hybrids of legacy systems, off-the shelf systems, extensions, bolt-ons, and point solutions — that require a frustrating, time-consuming series of manual hacks and workarounds to generate reporting and analysis.
Clearly an in-depth guide to understand the selection criteria is required. Read the Full CFO Article: http://ww2.cfo.com/erp/2015/03/erp-lessons-field/
Greentree’s ERP Software helps make the complex simple and gets companies primed for business.
Go to the GT Business Solutions Greentree area: https://www.gtbusiness.com.au/solutions/greentree/

Leave a Reply

Close Menu