If you’re considering an ERP implementation, you might be wondering how to ensure that it’s a success. First, you need to understand that these systems are enterprise-wide solutions. They involve partnering with the CFO, CIO, COO, and other key executive leaders to manage them. Secondly, ERPs should be easy to use and support. To ensure that you get the most value out of an ERP, you should take time to educate your team about the technology that’s being implemented.
Fortunately, ERP systems are built upon industry best practices. Although vendors may offer customization options to help organizations incorporate their own business rules, these configurations can’t fix all business needs. Because software must be configured before use, it’s imperative that you understand how to configure it to your organization’s unique needs. The software will behave in the same way regardless of the configuration you select. Whether you have a standard configuration, or a complex one, you should be able to adapt to it.
ERPs will ensure that data fields roll up to the correct account in the general ledger. Without proper accounting, the company may not have a clear understanding of how much front brake pads cost each year. In some cases, it’s impossible to determine which supplier will offer the best pricing for brake pads. By integrating these two systems, a company can track costs more effectively and accurately.