Which is the Best ERP System ?

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Which is the Best ERP System

Which is the Best ERP System ?

 

Which is the Best ERP System is the question asking by most of the entrepreneurs without taking into consideration of their industry, working atmosphere, business requirements. They will also not consider even their budget of payment of an ERP System.

Definitely, Best ERP systems for your Business modernize and automate processes, creating a leaner, more precise and competent operation. Enterprise Resource Planning provides complete visibility into core business processes.

But before going to an ERP Implementation, an entrepreneur must ask

Do I really need an ERP System or Upgrade an existing System?

 

  • Is my Existing process/system is inefficient to handle current situation?
  • Am I struggling to meet customer demands in time?
  • Is my current system don’t have capacity to handle your growth?
  • Is my current software is highly customized and cannot keep up with growth without constant customization updates.
  • Am I using different software for your internal departments and integration of data is a nightmare?
  • Am I struggling to take managerial decision due to lack of data/reports from your current process?

If your answer is YES for the above question, really you need a good ERP System

 

If you’re thinking implementing an ERP system or upgrading your current system, or you are in confusion whether want to implement any ERP System, it’s worthwhile to understand the benefits that an ERP system can bring to your business.

Definitely, a good ERP System provides the following benefits.

  • Streamline your company’s processes.
  • Get a better understanding of your company’s overall performance.
  • Keep track on how tasks are progressing in various division/departments.
  • Control Overall activities of the company
  • Improvement of Internal processes.
  • A good ERP system is scalable, bendable and modular enough to adjust to shifting market dynamics and changing customer needs.
  • An ERP system can streamline your entire business and place your data all in one place, enabling more precise reporting and a more resourceful, collaboration-based and data-driven work environment.
  • The expenditure of implementing an ERP system is easily covered by the ROI of a more efficient, fully optimized enterprise environment.
  • When you implement an ERP system, you also expand the partnership of your ERP solution provider and getting all the support, knowledge transfer and consultation for your business activities.
  • An ERP system can eliminate inefficiencies, time wastage and resources wastage, empowering your business to prosper and flourish.
  • While implementing a new ERP system, it can be a big change for your business and the benefits can be seen instantly. You do not want to wait for the industry to pass you by.

Once you confirmed that you can’t move further without an ERP System then next main question asked to yourself is

Whether I need to go for Off-the-shelf (Readymade) or A Tailor-Made ERP Developed which best suits for my  business ?

 

Advantages of Ready Made ERP System

  • Because it is a pre-existing product, all you have to do is buy it and install it. You don’t have to wait for it to be created as you would with a bespoke solution.

  • While the software is being used by other people, you can take reviews and advice from existing customers.
  • Most of the Software have trial version, hence you can try the software before buying.

  • Software generally created to with a significant number of features. After a quick setup and implementation process, your business can be up and running with off-the-shelf software.

  • Employees of a company may already be familiar with software functionality and usage. Hence, there is no need to train them separately. Furthermore, various training materials and tutorials are already available

Disadvantages of Ready Made ERP System

 

  • Although it is the cheaper option initially, it may cost you more in long-term. Persistent fees such as licensing, and the cost of additional users etc are recurring expenses for you. In addition, additional features or differing versions of the software could carry additional costs.
  • Because you have not developed the software yourself, you do not own the product or the source code.
  • Unlike customer software, commercial software comes with support included. And as mentioned previously, the kind of support and its availability can vary or depend on how much you’re paying.
  • Period upgrades or version change to the product may be optional and carry an additional cost if required.
  • Since Commercial product is made to work for as much industry as possible and product is made for the mass market, it merely cannot satisfy every need for every person.

Advantages of Tailor Made ERP System

 

  • You don’t have to change company processes when you use tailor made ERP software, which means ERP software is deployed according to your needs, not the other way around. Fortuner is one of the leading customized ERP Application having all business modules.
  • In a tailor made ERP application, there will be no undesired or ineffective elements and it will help eliminate confusion between departments.
  • Customized ERP Software is produced on a need-by-need basis and with a set budget, so, ERP software shows to be more cost-effective.
  • The actual Business Process is unaffected by Custom ERP. Organizational processes are the main factor the entire business
  • With Custom ERP Solution Provider, there will be a stronger personal connection. Service and deployment Also, assistance will be more personalized.
  • Should be able to fulfill all of the client’s expectations.

Disadvantages of Tailor Made ERP System

  • It can take a long time to create custom software from scratch. You will have to wait for developers to complete it, because software is built from the scratch,
  • you’ll have to rely on the company you’re working with to make changes and corrections, because custom software isn’t standardized,
  • Choosing the wrong contractor may cost you both time and money. Unfortunately, there are many organizations that provide unprofessional and low-quality custom software development services.
  • Custom software development has the greatest financial disadvantage. Although the initial investment may pay off in the long run, it may be too much for some firms.

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