Defining Success: Getting the Best Value out of your ERP Solution
It is common business practice to invest in enterprise resource planning (ERP) to help accelerate business processes and stimulate financial growth. Companies use it globally to improve efficiency, to streamline daily initiatives, to heighten profitability, and to enhance productivity. Whether you have recently invested in ERP software or are just having trouble maximizing the use of it and achieving the goals set out for it when it was purchased, you are not alone.
If you are unsure if your use or implementation of ERP is filled with mistakes or not, visit here for more information and for tips in avoiding common mistakes that lead to failure. If you are having difficulty reaching the anticipated level of success in implementing the software or obtaining true business value through your ERP solution, you need to know that it was and still is worth the investment. If you are looking to find ERP software to meet your company’s needs either for the first time or in response to ongoing challenges with your old ERP solution, Mindover Software offers ERP solutions to meet those needs.
All you need to do is put in the required time and effort to achieve true success. This starts by defining what ERP success means for your business. How do you define it? Is true success meeting a list of improvements by a certain deadline for your organization? Does success mean the finalization of a project? Understanding what success means to your business and its needs prior to implementing your ERP solution will help you better utilize the software. In turn, it will also help you know what to measure in terms of the return on investment (ROI).
How do you define true ERP success? Here are is a guide for doing that for your business:
- Determine Desired Goals, and Be Specific
Defining your goals for your ERP project will better equip you to measure your success. If you know what you are looking for, you can ensure that you are measuring the right variables and getting the right questions answered or the right answers to your questions.
- Determine Desired ROI, but Be Realistic
Traditionally, success is thought to be achieved through a quick and enormous profitable return on investment. Don’t expect your ERP solution to save your company millions of dollars in returns overnight because that just won’t be the case. Be realistic about your goals and remember that even a few dollars is a substantial amount of savings. Write down your financial savings expectations so you can measure your progress.
- Determine Desired Benefits, and Acknowledge them
Beyond financial benefits, consider how the ERP solution is having a positive impact on the company overall. Are your employees less stressed (and happier) with the new software? Are your operations running more smoothly? Is your efficiency improving? When combined with a significant financial return on investment, all of these things are indicators of an ERP’s success.
Remember that defining success means something different to every individual and company. Give yourself – and your software – time to get acclimated. Look at the project as a marathon rather than a sprint, and treat every step with care. This attention to detail will ensure that your ERP software implementation and use is a true success for years to come. If you feel you are in need of a new ERP solution, Mindover Software is here to help. Sage 300 ERP could be just what you need. If you need support with using Sage 300 ERP, we are here to help as well. Please call us at 866-990-3994 to learn more about our services and for additional assistance.