ERP allows companies to connect business activities across departments, ensuring that all employees are working with the same data and within the same processes. As idyllic as that sounds, the reality is that implementation of ERP software is a daunting task and often goes awry.
ERP systems are complex and often comprised of the following components: finance, human capital management, purchasing and procurement, business intelligence and customer relationship management.
On top of these core modules, ERP software suites can also manage the supply chain, warehouse and inventory, as well as one-off projects and professional services.
Ultimately, figuring out how your company works is the first step in determining which ERP system is right for your organization. The same can be said for the vendor and how it will work with you. On top of tech support, the vendor's product roadmap, how the vendor shares that plan with clients and the projected success are things that should align with the company.
ERP is a multifaceted topic, and even the top systems are often difficult to parse out and categorize. If companies can select the right system and vendor, implementation is more likely to go smoothly. This guide will help you determine your enterprise's needs and core objectives and the key features to look at when making an ERP software selection. And the product roundup of the top options on the market will help pair all of those details with the ERP software suite that fits best.