Smart ERP

ERP is a type of software application used most often by medium and larger enterprises, and sometimes by smaller companies. ERP software focuses on integrating business processes into a single, streamlined database and user interface by offering modules for each of the core business areas: human resources, financials, inventory management, sales and customer relationship management, along with other business-critical functionalities.

Select the ERP solution which best matches your business goals and processes .
Map the journey of your business interactions with the ERP system, including customizations .
Create a clear implementation schedule and budget, including measurable goals and objectives .
Identify a change management team, responsible for dealing with uncertainties, unexpected issues or resistance towards new business processes or IT systems.
Create a team of stakeholders, including department heads and end-users, who will carry out various ERP implementation aspects, including providing or assisting with training.
Clean and organize data to be imported from old systems into the new ERP database.
Monitor and report on implementation process to stakeholders throughout each step to avoid scope creep and the disruption of business productivity.

Steps to a successful ERP implementation process remain roughly the same, but the methodology behind the implementation will vary according to factors such as company size, vendor services available, industry and business requirements, and the available IT expertise within the business.

Planning and organization.
System evaluation and selection.
Initial software installation.
Data conversion and loading.
Procedure development and configuration.
User training.
Testing and system validation.
Go live.
Post-live implementation adjustments.

Nearly 50% of ERP implementations that do not involve implementation oversight by a third party, fail the first time around.
On average, ERP implementation takes 30% longer than a company initially estimates
Nearly 74% of ERP projects require more time than the business expected
65% of implementation budgets are exceeded due to modifications for improved usability
64% of all ERP implementations end up going over budget due to poor planning or selection of the wrong software system for the business
Manufacturers save an average of 22% on administrative costs through ERP
Manufacturers save an average of 23% on operational costs through ERP
ERP systems increase on-time delivery by 24%
A 2018 Oracle study reported that 76% of businesses have already transferred processes to the cloud
58% of businesses have already integrated AI into ERP or are planning to do so

Small- and midsize businesses (SMBs) often work within tighter budgetary restraints, requiring more precision and discipline for implementation compared to enterprises with larger budgets.
Following steps cans be taken to ensure that the implementation results in the expected benefits -
Obtain full implementation support from the business owners, C-level executives, department heads, and managers first.
Define your business objectives, business processes, and the IT requirements that support your business goals.
Outline the expected business benefits to be derived from the ERP.
Ensure that incoming ERP is compatible with any existing systems that will remain in place.
Train staff on the new system before full implementation takes place.
Facilitate communication within and between teams and departments.
Focus on quick, short-term wins before attempting larger victories.