ERP Implementation: Know the Plan, Process, Budgeting, Training and More
The implementation of ERP requires more planning and budgeting than a wedding. Just like marriage, without proper preparation and planning, it often ends in failure. Whether you’re an ERP software veteran upgrading your current system or a newcomer, it’s no question that the process is intense.
Fear not — this article walks you through the ins and outs of implementation, including steps to take, how to avoid failure and insights from industry thought leaders.
What is ERP Implementation?
An ERP system implementation is the process of gathering your business’ requirements, selecting software, choosing a deployment option, migrating data, training users, going live and managing support. These steps are required to integrate an ERP system with your organization’s practices.
An organization may want to implement an ERP system for a variety of reasons, such as streamlining operations, reducing manual labor, improving customer satisfaction or unionizing business processes. Some of the industries that use ERP software are retail, manufacturing, distribution, pharmaceutical, technology, aerospace and defense, hospitality, accounting and construction.
It’s time to confront the dreaded question: how much does an ERP cost? This solution can cost anywhere from a few hundred dollars to hundreds or thousands of dollars.
However, ERP implementation costs are famous for going over budget. To prevent going over-budget, When you arrive at a number you’re comfortable with, it’s wise to go a little bit higher. That’s because ERP implementations are at risk of a myriad of hidden or unforeseen costs, such as maintenance issues or overtime pay for employees.
Published in SelectHub on April 20, 2020