The challenge isn’t finding innovative enterprise resource planning (ERP) software; it's narrowing your options down to a modern solution that effectively streamlines everyday work processes, follows regulatory standards, and scales with your growing business.
If you’re feeling a little overwhelmed on which ERP solution you should or shouldn’t implement, here are a few tips and tools to help you with your search.
Effective ERP brings all your business processes together to improve collaboration, help your company make data-driven decisions, and advance business productivity. Look for solution software tools that assist with:
As you grow and expand on a global scale, ERP allows you and your company to maintain visibility and standardize business procedures, so you can work around the world and move into new markets. Some of the benefits of ERP global software allow you to:
Finding then implementing the right ERP software solution can be a daunting task, but a little preparation can go a long way. Here are three steps to get you started:
TIP: You may be ready for an ERP solution, but how about the rest of your staff? Make sure that everyone from users to IT managers are involved in the selection process on some level.
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 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.
There are lots of reasons why you should consider ERP in the cloud, including: speed, agility, cost-effectiveness, and gaining a competitive edge.
Here are some other benefits of having ERP in the cloud:
Find the right ERP solution for your business with Dynamics 365 finance and operations applications—intelligent business solutions that can help you drive growth, make real-time, data-driven decisions at a global scale, and digitally transform your business.
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