World Economy is growing complex day by day. Every day new
innovations are replacing the old one. Entrepreneur are fighting to survive in
the modern world Economy. Every day they have to take decision about their
business strategy. More informative data, more efficient decision and it is the
moto of the company. Here we can divide information into two major category
1
External Information
Getting External Information is much
easier, Especially Public Information. Internet is available round the world
and it’s very same for everyone. Other than these there are some Value added
service company and consultants who can help you getting relevant external
information which might be useful for your decision making.
2
Internal Information
Now a days it is most challenging part to get
accurate internal business data. In Mid/Large Scale companies have many people
(Internal/External). Every day they are performing huge transactions that
created hundreds and thousands data. It is not easy to get quality information
from those data if they are not aligned and organized. In this regards company
need a good ERP system. There are number of good ERP system in the market. It
is very challenging job for the
Entrepreneur to select the best product for his company. He need to
consider the following factors before taking decision selecting ERP.
Considering Factors:
User Satisfaction/ User Experience
User satisfaction is very important. First
you have to believe that, when you are going to implement any ERP package that
is you are creating a massive change into your regular business activities. Its
natural that people don’t like change. And ERP like package, they feel threat.
They think, they may lose their job.
In this situation, if the user experience
not good, it will be very tough job for you to implement the ERP in your
organization.
Market presence
You have to understand, who the market
leader in this market are. If you chose such product which have not that much
potentiality in market, cannot accept standard solution and support service
which takes vital role in the long run.
After implement the ERP, if you see the
vendor no more exists in the market you may face financial damage as you get
support for further development. Its sure that business is ever changing
process. So to adopt with the change you must have to have touch with the
developer/Vendor.
Module
Business is huge thing that involve
different department, different task and many more activity and process.
Generally when a company start implementing ERP software, that start with the
very basic modules like
- ·
Accounts Relivable
- ·
Accounts Payable
- ·
General Ledger
- ·
Inventory Control
- ·
Administrative Module
After successful implementation of these basic modules,
company try to implement more specified module like Human resource,
Manufacturing, Asset maintenance, Service module Etc. So before select any ERP
package, it is necessary to explore all other modules which are available with
the package.
4. Integration
Every company have some legacy software and
it is not possible to replace those legacy software overnight. Often value from
these software need to be to be input in to ERP system which is a redundant job
and people hate to do redundant job. In this case if you have provision to integrate
legacy software with ERP, Life will become easier.
User community
User community take vey vital place
choosing ERP. Especially from Online community every day discussing about their
problem and solutions which helps user to get proper solution form online.
6.
Customization Scope with SDK
There are so many unique things in a
complex business model. Some of the complex thing may be not covered in a
standard ERP package. But it has to have scope for further customization scope in-house.
Otherwise you have to be dependent on Vendor forever which is not a good idea
indeed.
7 Pricing
There are different pricing level. You have
to justify the cost benefit analysis.
8 Annual maintenance Policy
Every vendor have their own Annual
maintenance policy. Need to study the policy points to take a good decision.
Implementation Time
Implementation time is very important and
it is the most rough time for organization as there it hue redundant task need
to done. During this time operating expenses become higher and need to spend
much entertainment budget for the employee due to overnight work and overtime.
And if this time take too long may not bring positive result. So it is
important to take a look the Implementation time during time.
Satisfaction Ratio wise TOP ERP Software:
1.
AllProWebTools
2.
JD Edwards EnterpriseOne
3.
Sage 100 ERP
4.
SAP Business All-in-One
5.
Oracle E-Business Suite
6.
NetSuite ERP
7.
PeopleSoft
8.
Microsoft Dynamics GP
9.
SAP ERP
10.
IFS
Market presence wise Top ERP
- SAP ERP
- SAP Business All-in-One
- Microsoft Dynamics GP
- Oracle E-Business Suite
- Sage 100 ERP
- JD Edwards EnterpriseOne
- NetSuite ERP
- PeopleSoft
- AllProWebTools
- IFS
On next Post we will discuss Advantages and Disadvantages of the stated ERP system.
