Businesses obviously want to reap the benefits of ERP and maximize the ROI as soon as possible however for a successful ERP Implementation an in-depth analysis of your current business is very important. Defining the right business requirement is like laying a strong foundation for successful ERP Implementation.
The success of ERP implementation is also determined by the businesses who can use the ERP systems with high user adoption. To achieve the planned business improvements such as inventory reductions and gaining improved decision capabilities it becomes essential to conduct an in-depth analysis of the business.
Let us discuss why in-depth analysis of your business is important
- To implement a successful ERP solution and help clients achieve their business goals it is important to understand the current processes, ways of working and pain areas. For example, a clear understanding of what your client needs to succeed will help you differentiate between essential features vs. nice to have ones. It is not just about documenting AS IS flows for each business process but also about adding value with the new ERP system.
- Understanding Change – The most challenging aspect of implementing an ERP system into your business is managing the changes and expectations associated with the new system. ERP is not just a technical solution that manages the operations, but it is also a way of management. Successful ERP implementation requires excellent project management with a clear definition of objectives, development of work and resource plan.
- Legal fiscal requirements – An important aspect to consider is the legal and fiscal requirements. Legal and fiscal requirements vary from business to business for example pharmaceuticals industry is more regulated and solution design would be different compared to non- regulated industry. Hence a detailed analysis of their legal and compliance issues needs to be addressed at an early stage before building To Be processes.
- Integration with existing applications – For the clients using many third-party applications to manage their different processes an in-depth analysis would help to detail the integration approach of the new ERP solution with these applications.
- Strategies – A detailed analysis would include outlining all the strategies at the project start-up phase. This includes
- Business strategy
- Current IT strategy
- ERP strategy
- Scope definition – In-depth analysis is also very crucial as it lets you define the scope of the project and it is equally important to list out the items that are not in scope. ERPs should follow the best practices and organization must keep tight control on the scope resulted from the initial detailed analysis. With inadequate initial analysis, the solution design may diminish the application of the best practices which later may result in an increase in scope and budget.
Eiffel group follows the right ERP implementation methodology like any other leading solution provider and the first stage in their methodology is Discovery. Discovery phase helps us to define the strategic objectives and opportunities that the implementation project is targeted to deliver whilst studying the As-Is processes.
Final Thoughts – When it comes to implementing an ERP solution you can’t just go and upload a plugin to an existing system. A detailed study and analysis ensure success and positive transformation.