Insights
We are proud to be named a West Coast Regional Leader for 2024
How do I pick the right ERP system for my company?
ARTICLE | October 12, 2020
Authored by RSM US LLP
An interesting change has taken place during COVID-19: companies that, until now, have been too busy to consider replacing their core business systems are taking a breath and doing just that. Staff members have some down time to help and management is rethinking long-term strategies and considering new ways of doing business.
During this pandemic, many companies have successfully started up new e-commerce approaches; rethink products and product bundling to facilitate the new approaches; close brick and mortar storefronts; greatly expand warehouse and logistics contracts; and, for some of our customers, for the first time, bid on government contracts to be a part of helping others during this period of great uncertainty.
You may or may not be surprised to learn that the ERP business is also booming, as companies push their systems to keep up with their new strategies. Here are a few questions to ask yourself when you decide to take the plunge and pick a new ERP systems for your company.
Am I picking an ERP based on what I see others in my industry are using?
The first thing to note is that most companies, across all industries, typically have similar ERP needs. Everyone wants to sell goods and services, take in revenue, pay their bills, pay their employees, have agreed upon contracts with their vendors, and report out on status to the management team. It’s that small 10-20% of requirements that makes you unique that will be a big factor in which ERP you pick, not whether the other business down the road uses Oracle or not. You may use a third party warehouse, while the Other business doesn’t. You may have 1,000 unique customers, while the other business has three large customers only. Be sure you are using the right requirements to pick your ERP, and not what competitors are doing.
What other systems do I have that the ERP has to connect with?
Integration is often one of the trickier parts of ERP implementation. Most companies have spreadsheets, databases, homegrown systems, or small one-off applications that happen to cover a critical part of making your business work. Understanding that, and picking a system that can integrate with that data, or be able to replace that functionality, is one big key to success.
Will my staff go along with it?
Management of the change is a make-or-break part of ERP implementation. A successful ERP implementation includes serious and sustained efforts on training, rethinking existing processes, communications with staff on the changes, and deep listening to these important stakeholders.
Let's Talk!
Call us at +1 213.873.1700, email us at solutions@vasquezcpa.com or fill out the form below and we'll contact you to discuss your specific situation.
This article was written by RSM US LLP and originally appeared on Oct 12, 2020.
2022 RSM US LLP. All rights reserved.
https://rsmus.com/insights/services/digital-transformation/how-do-i-pick-the-right-erp-system-for-my-company.html
RSM US Alliance provides its members with access to resources of RSM US LLP. RSM US Alliance member firms are separate and independent businesses and legal entities that are responsible for their own acts and omissions, and each is separate and independent from RSM US LLP. RSM US LLP is the U.S. member firm of RSM International, a global network of independent audit, tax, and consulting firms. Members of RSM US Alliance have access to RSM International resources through RSM US LLP but are not member firms of RSM International. Visit rsmus.com/about us for more information regarding RSM US LLP and RSM International. The RSM logo is used under license by RSM US LLP. RSM US Alliance products and services are proprietary to RSM US LLP.
Vasquez & Company LLP is a proud member of the RSM US Alliance, a premier affiliation of independent accounting and consulting firms in the United States. RSM US Alliance provides our firm with access to resources of RSM US LLP, the leading provider of audit, tax and consulting services focused on the middle market. RSM US LLP is a licensed CPA firm and the U.S. member of RSM International, a global network of independent audit, tax and consulting firms with more than 43,000 people in over 120 countries.
Our membership in RSM US Alliance has elevated our capabilities in the marketplace, helping to differentiate our firm from the competition while allowing us to maintain our independence and entrepreneurial culture. We have access to a valuable peer network of like-sized firms as well as a broad range of tools, expertise and technical resources.
For more information on how Vasquez & Company LLP can assist you, please call +1 213.873.1700.
Subscribe to receive important updates from our Insights and Resources.