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Selecting the Right ERP And Challenges In 2023
Do you believe that the age-old methods of selecting the right ERP are still relevant today?
Gone are the days when ERP was just seen as an integrated solution for core business operations.
For successful ERP implementation, organizations need to choose the right partner and solution that aligns with their objectives. Having over 16 years of experience in the ERP consulting field, I recommend three parameters be used in the selection process to ensure the right choice is made.
Selecting Your ERP - Recent Trends
Technology
Organizations should select an ERP aligned with their technology goals for successful business process automation. Criteria such as multi-platform capabilities, native mobile apps, ready-to-connect integrators and industry accelerators should be considered. Technologies such as AI and machine learning should also be considered for scalability in 2023.
Vendor Viability
Software implementations are typically handled by third- party partners and the selection of a vendor should include consideration of the vendor’s technical capability, operational viability, the reputation of handling large/complex projects, experience in the company’s vertical area, and long-term vision for supporting the systems and technology. Ultimately, it is the vendor’s responsibility to ensure the success of the implementation.
Deploying a Single Application vs Composable
Enterprises are increasingly replacing the “one size fits all” approach for enterprise applications with industry and vertical solutions, integrating them with their ERP or extending ERP to meet vertical requirements. Composable applications such as Workday and Salesforce are gaining a larger share of the ERP market.
Challenges in Implementing ERP
The selection process for ERP implementations considers the commercial viability of the organization, but the organization’s leadership must drive successful execution. Common challenges such as risks of overrunning budgets and timelines, as well as implementation failures, must be considered to achieve successful ERP implementations.
Below are a few major challenges:
Addressing User Experience Over User Readiness
Users need to be up-to-date with the latest technology and prioritize device-agnostic solutions that give them access to their work. Technology vendors and organizations should work together to provide a meaningful user experience and Dynamics 365 provides this with its seamless integration with other Microsoft applications and communication tools.
Data Quality
ERP implementations often incur unexpected time and budget constraints, so organizations must plan ahead to ensure the project runs smoothly. Clear goals, key personnel, and proactive corrective action plans are essential for successful ERP implementation.
Under-Planned Estimates
ERP implementations often incur unexpected time and budget constraints, so organizations must plan ahead to ensure the project runs smoothly. Clear goals, key personnel, and proactive corrective action plans are essential for successful ERP implementation.
Integrations
Integration is essential for businesses looking to optimize customer experience and resources. AI and ML tools integrating with Core ERP systems are at the core of successful implementation projects.
In conclusion, effective ERP implementation takes the future of your business to the next level. However, besides the points mentioned, there are still many ERP implementation challenges that businesses have to overcome. To successfully implement and achieve the desired results, organizations need to plan carefully in their process of selecting and implementing the right ERP for their organization.
Take your business to the next level with the right ERP selection and choose a partner that aligns with your objectives.
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