Avoid Platform Remorse. Focus on These 3 Important Areas During Your ERP Evaluation.
Like most business activities, purchasing an ERP is not a straightforward process.
You have many options, and each ERP is different in its own way. When you are just beginning your ERP evaluation, it can be tricky to sort through all the data and home in on the critical facts you need to know for your business.
Learn how to sort through all the ERP information with ease, so you can find the facts and numbers that matter most to your business. Download the white paper, “Three ERP Investment Gotchas,” so you know what to look for.
What to Look For in Your ERP Evaluation
Once businesses reach a certain size or complexity, it is usually a smart choice for them to invest in an ERP system. Unfortunately, many companies choose the wrong system for their specific needs.
This leads to what is commonly referred to as “platform remorse.”
And it frequently comes from overlooking some very important, often hidden, facts.
Make sure you do not overlook anything important. Closely examine these 3 key areas to help ensure that you do not regret your largest business investment to date:
- Overall Cost versus Sticker Cost
These days, hidden costs are everywhere. Anyone who has tried to travel or see a show in the past few years has experienced how hidden costs can add up very quickly.
The same is true for ERP systems. In the white paper, you will learn about 8 specific cost areas that you should pay special attention to when evaluating your ERP. Remember: forewarned is forearmed.
- Benefits That Meet Your Specific Needs
There are many reasons that companies need an ERP system. To evaluate the benefits an ERP will bring to your business, you should document how you expect the new system to meet your specific needs.
You should also document the key benefits that the ERP has brought to other companies, and then check how much potential each of these benefits has to drive success within your own organization. The white paper recommends a range of benefits to look for.
- All the Math
A deep dive into your expected return on investment (ROI) and total cost of ownership (TCO) can clarify the true value of the ERP system to your company over time. Depending on your preferences, your ROI and TCO calculations can be simple and straightforward or extremely advanced.
Whichever you prefer, you should never have to resort to guesswork for your calculations. An experienced ERP evaluation and implementation partner will have the expertise to help you refine the true value and long-term costs for your organization.
Get the White Paper and Make Sure You Do Not Overlook Critical Data
Avoid buyer’s remorse. Make sure you understand all the data before you invest in a new ERP. Be confident that you are not overlooking anything important that could hurt you down the road.
Download the white paper, “Three ERP Investment Gotchas,” and get access to all the details you need, including in-depth information on the 8 hidden cost areas of any new ERP, the 7 key benefits to expect from a modern ERP, and more.
Before moving forward in your evaluation process, we encourage you to take a few minutes to consider each of these points in detail.
Get the Details in the White Paper
Since 2003, PeopleSense has established itself as the definitive ERP and single source workforce management solution provider for businesses of all sizes throughout the U.S. and Canada, offering consulting for Made2Manage® and Intuitive®, Sage HRMS, time and attendance solutions, Acumatica, and related services and products. PeopleSense provides clients with the peace of mind that comes from working with experienced consultants dedicated to customer service, who are affordably priced with no annual contracts. Reach out to get your business software questions answered.