Enterprise resource planning systems have been labeled the hearts and brains of a company. Translation: when implementing an ERP system, the margin for error is tiny, because mistakes can be costly. The following stories provide advice on how to select an ERP system and manage the migration. For companies that already have an ERP system, these stories provide guidance on how to get the most out of the investment.
The New Word on ERP
The cloud, compliance, and consumerization are just three of the trends changing today’s midmarket enterprise resource planning systems. Read more.
ERP Made Easy? One View of a Better Way
Making an ERP choice IT-centric is one of the most fundamental errors in ERP selection and management. IT can and should have input, but an ERP system should be evaluated and implemented to solve specific business problems. Read more.
Beyond ERP and Excel
In the enterprise context, where the financial impact of inefficiencies or poor decisions can scale up significantly, relatively modest improvements in the use of financial analytics can translate into considerable dollars. Here is a look at decision points for whether and how to use stand-alone financial analytics solutions, from analysts at Blue Hill Research. Read the story.
According to a survey by Panorama Consulting Solutions of companies with recent ERP implementations, only 47 percent reported on-time or under-schedule ERP projects, and only 45 percent didn’t exceed their budgets. Read more to learn how to select the best ERP solution for your finance function.
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Why Your ERP Is Underperforming
There are five key reasons why ERP installations don’t go as well as expected. One key to avoiding failure: finding software that requires customization only in areas that provide competitive advantage. Read more.
Why You Shouldn’t Buy a New ERP System
Companies frequently undertake large ERP replacement programs that are totally unnecessary. One common problem: not taking advantage of existing functionality, configuration options, and business-intelligence tools before deciding to migrate to a different provider. Read more.