What does ERP mean?
ERP is an acronym which stands for Enterprise Resource Planning. ERP can be defined as an application that can record and report how your company’s financial and physical resources are being used. When the right ERP solution is chosen, based on your company’s industry and size, the better your organization will be able to make sound business decisions. Because back office ERP applications are integrated your company will need to determine which modules should be acquired to capture and report on the information you need.
When selecting an ERP solution you should identify your business requirements, determine the functions and features you need in the future, and then seek out a solution that will fit your needs for decades. If you select a “bigger than you need system” then this could result in creating complex system processes, system maintenance issues, and lots more money. So think out your strategy and plan out your next steps so the purchase you make now will not need to be repeated in the future.
Al Esmail, PMP, CPA, CGA has over 20 years of ERP experience. “We have helped many organizations deliver the results they want and find the best ERP solution for their industry and size”.