Scouting For The Right ERP Solution - MyCFO ERP Implementation - PowerPoint PPT Presentation

Loading...

PPT – Scouting For The Right ERP Solution - MyCFO ERP Implementation PowerPoint presentation | free to download - id: 7d1b02-M2QyO



Loading


The Adobe Flash plugin is needed to view this content

Get the plugin now

View by Category
About This Presentation
Title:

Scouting For The Right ERP Solution - MyCFO ERP Implementation

Description:

Today, there are many ERP options available in the market. Selecting or making the right choice of ERP Solution for your business is one of the crucial business decisions. While many companies feel that any software or ERP will work and their organizations will simply adapt to the functionality of the software. – PowerPoint PPT presentation

Number of Views:19

less

Write a Comment
User Comments (0)
Transcript and Presenter's Notes

Title: Scouting For The Right ERP Solution - MyCFO ERP Implementation


1
Scouting For The Right ERP Solution - MyCFO ERP
Implementation
2
Today, there are many ERP options available in
the market. Selecting or making the right choice
of ERP Solution for your business is one of the
crucial business decisions. While many companies
feel that any software or ERP will work and their
organizations will simply adapt to the
functionality of the software. The right ERP can
propel your company forward while the wrong
decision may potentially be catastrophic. This
article will delineate key steps in the ERP
selection process. Thus, the decision shouldnt
be taken lightly or made with incomplete
information.
http//mycfo.in
3
Selection of Committee
This is first and most important step of
Selecting the Right ERP System. Members of this
committee should be decision makers in the
organization representing all relevant
departments. While electing the committee
leader, most of the companies makes mistake that
they select IT professionals only. ERP solution
is the Business decision and not an IT decision.
IT plays only support role in this process.
Committee Leader must have a deep knowledge and
understanding of your business and the Industry,
and should have the authority to bring about
change. Members of the committee need to
understand the importance of the ERP selection
process and make the required time commitment
towards this. Final decision maker, who is going
to sign the contract, should be part of
committee. Selecting an ERP is a big decision for
any company, its important to have the final
decision maker involved as much as possible in
extensive meeting discussions.
http//mycfo.in
4
Conduct a Process Review and Analysed your
Business Needs
While selecting right ERP solution "Business
Needs" is playing very important role and not
what "You Want". Wants are only important at the
very end of the process if you have uncovered
several potential products that meet your
Business Needs.
Firstly define and document your current business
process also highlight the pain/strength point.
Also include the processes should look like in
the future ("to-be" state) and the corresponding
business requirements. These processes and
requirements should eventually help while
software demonstration.
Many company neglects to involve end-users'
requirement and eventually lead to the failure of
the project. End-user must be involved in the
project at the beginning of the project until the
end.
http//mycfo.in
5
Evaluate The Technical Fit
It is very important to understand how a
potential ERP solution will align with your
current infrastructure. Also, consider the
availability of support technical resources in
the organisation.
Local Or Cloud
One more important consideration is whether to
install locally or go with a cloud-based system.
Both have its own advantages, a local
installation will generally have a higher upfront
const, but lower ongoing maintenance fees. On the
other hand, a cloud-based install, has much lower
upfront costs, but higher maintenance fees. It is
important to select the right option as per the
business requirement.
http//mycfo.in
6
Customization
Many companies are in niche industries not easily
served by off-the-shelf software. You need an ERP
system that is designed from the ground up to
allow in-house customization and configuration to
serve you a better result. Some ERP systems, such
as Dynamics NAV, are specifically designed to
allow easy extensibility and customization.
Integration
If your business relies on specific software,
such as Microsoft Office/Outlook or any other
software, picking an ERP system that integrates
with your existing software can save you both
time and money.
http//mycfo.in
7
Reporting
  • You need to be evaluating the reporting needs
    depending on business processes to decide the
    potential ERP solution.
  • Below are the important factors to consider when
    choosing the right system.
  • Which trends are going to monitor over next five
    years?
  • What kind of information, do you need to
    retrieve?
  • What type of analytics do you need to access?

http//mycfo.in
8
User Training
ERP systems involve big change for people, and
the system will not do you anything good if
people do not understand how to use it
effectively. Therefore, spending time on money on
training, change business processes (if
required), etc. is crucial to any ERP project.
Without adequate training to end user, it is very
risky to rollout the new ERP system.
http//mycfo.in
9
Read More On This Blog http//mycfo.in/resource-ce
nter/press-mentions/13-press-mentions/214-scouting
-for-the-right-erp-solution Official
Website http//mycfo.in Like Us On Facebook
https//www.facebook.com/mycfo.in Follow Us On
Twitter https//twitter.com/mycfo1 Join us on
LinkedIn https//www.linkedin.com/company/mycfo-
india Find us on Google https//plus.google.co
m/u/0/MycfoIn Watch Us On Youtube
https//www.youtube.com/channel/UCMYQ39U3O8Pbvht
rp8hs6OA
10
THANK YOU
About PowerShow.com