If you are in the market for a new enterprise software solution, you need to know how to select the right one from the many options that are available these days. Adopting a new enterprise resource planning system is not a small task, and it requires a healthy amount of due diligence to make sure that the project is successful. After all, investing in the right ERP solution can mean the difference between success and failure for your businesses. To help you make the right choice, the following are some of the things you should do.
The first step towards looking for the right enterprise software solution is to gather a list of requirements. You will need to gather a comprehensive list of requirements as well as the needed functionalities for your new system. Among the things you will need to consider include if you want everything to be cloud-based and accessible from anywhere in the world, or if you are okay with a more outdated non-cloud solution. You also need to decide if you want one single system to handle the majority of your business processes including CRM, HR, sales, marketing, supply chain, inventory and more.
As you gather your list of requirements, other important things to consider include if you have certain software in your tech stack that will need to be integrated with your new enterprise software solution, and how many user licenses you will need. There are so many other things you will need to consider, and it would be beneficial to get key stakeholders to participate in this discovery process as well. There might be a requirement that your information technology department thinks of that your accounting department would not have.