ERP Evaluation Guidelines Can Help You Find the Best Enterprise Application for Your Company
ERP evaluation tips can help you get the best application for your business. An ERP solution can deliver significant benefits to your organization to optimize business processes, productivity and profitability. Above and beyond operational enhancements, ERP software modules focusing on CRM or customer relationship management activities can streamline your sales activities and focus resources to deliver more revenues to the top-line as well.
A few ERP evaluation guides can help your organization to integrate and streamline the relationship between separate business units and systems such as accounting and finance, operations, customer relationship management and supply chain activities that provide manager with better information and visibility to make better decisions.
To best conduct your erp evaluation is good to know what is happening in the market with respect to enterprise software applications. In the current market, ERP software is getting overwhelming demand from smaller sized companies who want the tools available in ERP apps to increase their performance and better compete in this competitive global economy, just like Fortune 1000 companies. Historically, costly ERP software solutions were only affordable by the large corporation with deep pockets. However with new technologies like web based, software as service enterprise apps, the benefits of ERP software is now affordable to the masses and this recent technology shift has opened up a flood of demand and opportunities for small and medium businesses and ERP software vendors.
It is predicted that ERP software growth for the mid market with be around 20 percent each year over the next few years and new ERP Vendors and product are popping up all over the place to service this demand so there is a lot of solutions to choose from when you are conducting your ERP evaluation. Vendors are working hard to get new customers and increase their market share by delivering solutions that are affordable to this customer while offering solutions that are both robust and tailored to specific industries. The choice is there, but finding the best fitting application for individual companies is the challenge.
ERP vendors are developing solutions that enable companies to adapt quickly to the changing market and companies generally evaluate erp solutions with features and functionality at the top of their list. Its important to know that most ERP software solutions for mid-sized businesses have the similar modules including, business intelligence, Customer Relationship Management (CRM), Finance and Accounting, HR, Manufacturing, and Logistics, however, the features within each of these modules vary greatly.
As with all enterprise systems software, it's important to begin your erp evaluation internally by documenting your company's current businesses processes and detailing where you want your company to be and how the new ERP software application will help you achieve your goals. Knowing where you are and what you want your ERP solution to deliver is critical to determining the key feature functionality requirements your ERP solution must have.
The two largest vendors in the ERP space are ERP vendors Oracle and SAP, but there is tough competition from a new list of ERP entrants focusing on developing solutions for the middle market such as Sage, Epicor, IQMS, QAD, Microsoft Dynamics, Infor, Lawson, and Exact.