If you are in the market for an ERP system, you may be feeling a little overwhelmed. Not only do you want a solution that is the best fit for your industry and company size, but it must also improve productivity and provide a rapid, impressive ROI.
Typical ERP System Features
Among ERP options, you will find comprehensive solutions that address everything from accounting and finance to data warehousing, CRM and project management. In fact, according to a study conducted by Find Accounting Software, most ERP system features can usually be categorized into one of the following: accounting, operations, sales or human resources. Most functions that are critical for any business — whether enterprise or SMB — are included in this list and are the heart of any ERP system.
Look Inward First
Doing a little self-assessment first will likely narrow down your list of choices. Are you an enterprise business or a small to medium business (SMB)? Do you require specific functionality due to your industry vertical requirements, partner alliances or government regulations? Do you need to integrate with another third-party system? For both enterprises and SMBs, narrowing your list to industry-specific ERP systems will certainly assist in this process.
In addition, determine whether an end-to-end system or a more modular solution will best meet your needs. Choose a scalable and flexible solution that will grow with you.
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