ERP is the acronym for Enterprise Resource Planning. An ERP system is an all-purpose software with modules that manage the core functions of a business. It eliminates the need for integrating various types of systems in every department and basically automates the many back office functions that are related to services, human resources and technology. Simply put, it integrates all facets of an operation in a single database, application and user interface.
As attractive as this may seem, integrating an ERP system can be expensive and time consuming. The software often requires dedicated teams to customize and analyze the data as well as handle deployment and upgrades. The software is expensive because you have to purchase all the modules you need individually. It is important for a business to understand what it is getting into. You should also note that in spite of the huge investment, one-third of the systems don’t even go live.
At Inventrik we believe that every organization’s need is unique. Consequently, unless the IT department of an organization has a clear plan, it is advisable not to start the process of investing in ERP. There are 5 important things an organization needs to carry out internally prior to deciding on taking the big ERP plunge.