Top 3 factors for successful ERP implementation

What is ERP implementation?

According Panorama ERP study- “21% of ERP implementations fail to deliver significant business benefits”
ERP manages all the aspects of your business, from stock to logistics, finance to office administration and practices the automation to grow the profitability of your business. An ideal ERP gives you the complete management solution for businesses by integrating all the major departments which enables you with operational visibility and better control.
An ERP implementation is a journey not just downloading another .exe file.

Factors behind a successful ERP implementation

Don’t Fall for the low price – An ERP system is a sophisticated system and it requires lot of cost to build it. When some companies offer a pretty decent price the majority of the business owners fall for that. Now you must be thinking how they can offer such a low price for the sophisticated software right? The answer is it is a trap. After you sign the contract you’ll find many hidden costs and other types of useless business features that don’t meet your business requirement.
So, it’s better to choose an ERP partner who understands your business and offers a transparent attitude throughout the project.

  • Background of ERP Partner – When evaluating an ERP partner, always ask them for their client success stories of your industry. Parent company behind ERP software is also a major factor. For example, SAP B1 ERP is a great ERP solution because the parent company is SAP. Successful implementations of past may lead you for the future success.
  • Create a Project Plan – Most of ERP implementation process takes more than 20% longer than estimated time. So, if you want to save the time you must create a customised project plan. The plan should necessarily include the following:
    • Previously defined goals
    • Objectives with defined tasks
    • Well structured realistic timelines
    • Planned Training before one month going live
    • Team member’s responsibilities individually
    • A To-Do list for each team member
    • Checklist for functional testing
    • End result testing for final testing