How to choose the best ERP software for your industries?

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How to choose the best ERP software for your industries?

Today, we have all the options available in the marketplace as far as ERP systems are concerned. There are dozens or hundreds of ERP systems available to people looking for it. It can be overwhelming to do demos of all these systems and get quantitative data comparing all. Broadening the reach can get caught in analysis paralysis. It is challenging to know what ERP systems you should be choosing.
So let us understand how to narrow down the options or at least narrow it down to a handful of options so that you can do further analysis to get the short list of best ERP software for your Industry quickly and deep dive into it to get to a selection. Let us know as we begin the ERP software selection process.
  • The ERP software Industry is in a state of disruption
    We need to recognize that the ERP software industry is in a state of transition. Many vendors are doubling down on the cloud, moving all their solutions from on-premises to cloud or SaaS models. It is a hysteria in digital transformation to the cloud. One must know that there is a transition in the industries as well, and the leadership of some of the major software vendors has been a lot of changes lately that suggest the likely changes in directions and strategies that ERP Vendors will be pursuing in the coming years.
  • Remove the Vendor Bias and sales spin.
    When you hear the vendor about what software can offer and what the vendor can provide, We get to listen to the best features and functionalities that their software can provide where we get a spun message from a sales and marketing perspective. Instead of going with someone’s skeptical eyes, If you start to poke holes or challenge assumptions that the software vendors might be bringing to you can lead to selecting the ERP system that you need.
  • Identify your sources for software selection.
    We can go into google for ERP systems and find listings of dozens and hundreds of ERPs. A Google is an objective source specifically unaware of the unique requirements of your business sector. It is critical to define the prioritized requirements of your Industries and match them up with the available ones in the google listing.
  • Identify your essential Evaluation criteria
    • Flexibility
    • Scalability
    • Simplicity
    • Integration
    • Ease of use
    • SaaS/cloud/on-premise- deployment preferences
    • Prioritized Functional requirements
    • Focus- unique industry-specific capabilities
    • Breadth of capabilities
    Budget
    Individual industries have unique requirements, and prioritizing the criteria can quickly narrow your search.
  • Narrowing your vendor shortlist
    Criteria are essential to lessen the options for shortlisting and choosing the right ERP Vendor. With the vendor shortlists ready, time to do a demo and quantitative analysis by comparing the shortlisted ERP systems is quick and easy to deep dive into the shortlists to select the best ERP for your Industries.

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