FIN
Implementation
Finance Implementation Strategy
Functional Assessment Learn about new functionality and the impact it will have on your exiting processes and customizations
Technical Assessment Before your upgrade, make sure your current application architecture environment is ready
Supplemental Upgrade Staff Add temporary team members for an upgrade to prevent a drain on your resources
Remote Services Upgrade Our expert team will remotely access your environment to perform the upgrade
Additional Functionality Implementations When adding functionality or modules during an upgrade, our team will help you on site
Neufgroup consultants help clients focus on six areas when it comes to making an ERP software purchase decision.
ERP Features and Functionality
Ask yourself these questions. Does the ERP software meet not only today’s needs but the future needs of the business? Will your employees find the software intuitive and (therefore) easy-to-use? Does the software support specific functionality unique to your industry?
ERP Vendor Collaboration
No matter the choice, your ERP vendor will become a key business partner. Therefore, you will need to mesh. Find out answers to the following questions. Does the vendor understand the specifics of your business and industry? Is the vendor aligned with the specific requirements of your company?
ERP Product Viability
If we agree on point #1—that you need an ERP solution that fits today’s business needs and tomorrow’s, then you need to make sure that the ERP vendor will be around tomorrow. Ask yourself if the company that is running the demo is invested in this product? Are they at risk of being subsumed by another larger company and their product offering still being supported but not enhanced? Will the software be a part of its service offering for the long-term?
Integration and Alignment
Most companies have processes and systems in place already. They may not be the best; otherwise, you would not be looking to select an ERP product. Therefore, unless you are doing a “rip and replace” you need to figure out if the ERP product will integrate with your other systems (and remain stable). Does it fit within your planned technology roadmap? Find out what the vendor’s integration strategies are between not only solutions sets within ERP (financials, project management, expenses) but across other departments’ software packages (customer service, inventory, logistics, and even human resources).
Total Cost of Ownership and Return on Investment
Do you know what it will cost you to migrate to an ERP solution? If it is on-premises, do you know what licenses costs and what the support fees cover? If you want a cloud ERP solution, do you understand the subscription costs, and service and support fees (and possible integration costs)? Are they included in the subscription pricing?
Implementation Process and Go Live
Buying your new ERP solution is only half the job. Now you must install or implement and push it live. There are so many things to remember to do. Will a phased approach work best? Rip and replace? Or will you be transitioning from manual to automated and have to put workflows and hierarchies into place? And what about change management issues? Make sure that your vendor’s implementation methodology is flexible enough to align with your employee’s and your business needs. Review the project plan. Is it comprehensive with adequate detail? Issues will pop up. They always do. How will they be managed, and who will manage them?