For large companies, selecting an ERP system is no longer about meeting functional specifications. Instead, it’s about their ability to handle the transactional capacity and cross-functional process throughput. Evaluating software-enabled processes’ throughput mirrors physical or human resources planning, commencing with the desired state and identifying necessary resources. Contrary to the misconception of infinite capacity in …
Exceeding the $100 million revenue mark is more challenging than commonly perceived. Relying on ad-hoc planning and siloed processes can result in financial performance issues. To advance to the next stage, robust process integration and global financial and operational synergies are essential—and because of these reasons, companies require mid-sized business ERP designed for this stage. …
As businesses evolve beyond the startup phase, they often resort to employing various disjointed solutions, even if ERP may be part of their architecture. ERP adoption at this stage is primarily centered around financial reporting and basic transactions. The budget constraints of the previous stage lead to the creation of ad-hoc processes and unique data …
Growing startups transitioning from smaller accounting systems after they hit their first million in revenue may not immediately prioritize process integration. The simplicity of their existing systems may lead them to believe that larger counterparts overcomplicate processes and data. Some startups attribute their agility and superior customer experience to their “uniquely crafted processes.” Operational challenges …
Manufacturing companies require extensive ERP capabilities due to high inventory costs, production efficiency, and regulatory controls. The abundance of manufacturing ERP systems makes choosing the right one challenging. The manufacturing industry, with its diverse nature, faces increased complexity in finding an optimal ERP solution. The overlap of options adds to the confusion. Issues such as …
ERP systems, although functionally comparable, are tailored for distinct business models and transaction volumes. What suits an enterprise may not align with a startup’s needs. Similarly, an ideal fit for a manufacturer-distributor may not be suitable for a pure-play manufacturer venturing into construction. Beyond capabilities, factors like user-friendliness, implementation ease, and industry alignment influence ERP …
While the future relevance of ERPs is often debated, ERPs are expanding in both size and scope. This pattern is mirrored in other best-of-breed categories where integration and consolidation are favored by private equity to expand market share. This evolution emphasizes the lasting significance of the ERP strategy. Deciphering it will help find a solution …
The ERP system price is complex to understand. It contains several variables impacting not only your costs but the outcome of your project. With several options available, it’s often hard to compare them and assess the actual ERP software cost of ownership. Although you might appreciate the straightforward ERP System Price with fewer variables, they …
ERP System Price: How Much Does ERP Software Cost? Read More »
The DIY ERP implementation is on the rise. Before considering it, read on to understand the risks associated with this approach.
QuickBooks’ design doesn’t support the operational processes of a growing company. Read on to learn
This digital transformation report summarizes our annual research on ERP and digital transformation trends and forecasts for the year 2024.
