You need to understand how important it is to take an unbiased effort for searching good ERP accounting software. When you consider to get an ERP application for your business or plan to replace an ERP accounting system, you need to remember that evaluation, as well as, selection is a vial process to result in long term effectiveness for your business.
Step 1# assessing the business processes
Irrespective of planning to implement the first ERP system or upgrade to a latest industry-specific solution, you need to answer certain queries to ascertain how far an ERP system will be helpful. The queries need to be answered to help you recognize the existing gaps and barriers in the business processes of your company.
Step 2# developing criteria for selection
Cost is a crucial component while considering and evaluating an ERP accounting software for purchasing. But you need to keep in mind that the purchase of ERP software should be looked upon as an investment. The ultimate aim is to ensure that your business becomes more profitable and efficient. Deciding a solution that offers the best possible return is more critical than restricting the budget of an ERP package as it can help in your long term savings.
Step #3 get matches
You need to shortlist all such ERP software that will suit your exact business requirements. You need an ERP solution that is perfect match for your business size and needs.
Step 4# Get in touch with all the matches
You need to conduct a candid conversation with all the matched providers. Often, a first impression can provide you many useful insights. Does the software provider understand the pain areas in your business? Was adequate research on your firm was done by them?
Step #5: Shortlist your preferred solution providers
Consult your selection criteria and narrow down your choice. When you are having difficulty, a chart on selection criteria can be made to incorporate the merits and demerits.
Step #6: Proposals should be compared
You need to ensure that a formal proposal is sent to you by all the top providers. Also, get referrals which should be relevant to your area of operation. You must be certain that your future ERP provide is well-aware of the various business challenges.
Step #7: Make your final decision
Once all the above-mentioned steps have been carried out starting from assessing the processes to conducting research of ERP software, you need to take the final call and adhere to a timeframe for your decision.