What is the Myths Vs Reality during ERP Software Selection in your Business either it is Micro,Small and Medium Business understand with simple steps and examples

There are many things to take into consideration while making a decision to invest in any solution for business. Some of these selection criteria may be wrong for SMEs.Here is a list of these myths followed by a list of things to really consider while selecting a solution for businesses.

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Myths & Reality during ERP Software Selection in your Business

Myth 1- You can't go wrong with SAP or Oracle

Being a small fish in a big pond is no fun!

Tier One software companies like SAP and Oracle would like you to believe that choosing their solutions is the only safe company and career decision.

 This is not true. SAP and Oracle use system integrators to implement their systems. These companies may have no experience in your specific line of business.

 Also, most of the modules present in these ERPs may not be useful for your business at all. These solutions are also quite expensive and difficult to operate.

 Finding a solution with the functionality that supports your industry, out of the box, is key to a successful and on-budget implementation.

Myth 2: Understanding your Business needs is not necessary

Q. Why are you thinking of switching to an ERP?

Q. How many needs is ERP going to fulfill for your business?

Q. Are all ERP modules useful for your team?

 

Q.Will your team be able to switch to a complex ERP? 

Q.Is there a better & affordable solution available?

 

These are some questions you should know an answer for before switching to any solution.

Myths 3: All digital solutions are of same kind

This is one of the most common myths that SME owners have towards digitisation. 

There are many solutions available in the market.

 Just like different businesses have different needs, there are different solutions that can cater your needs.

For example a retail shop owner and a small manufacturing enterprise owner may both be thinking of digitizaton of their business processes, but both of them will have different needs thus different solution.

While searching for ERP Software , Micro , Small and Medium Business business owners should keep in mind the following things 

Make a List Of Requirements-

Make a list of things that you want to benefit from any Software that you’ll be using. Make a list of requirements that your business has, the number of departments, and their necessities.

Look at all the options- 

There are numerous digital solutions in the market, therefore do not limit yourself with just the ones everyone else is using. Read their reviews find out what kind of companies should use which software.

Professionalism- 

The digital solution you will be opting for will act as a partner in your business as it will be taking part in the entire business. The right platform for your business should have solid customer support that will help you in on-boarding and will be available when you or your team faces any trouble.

Intelligence- 

All products are intelligent but not all of them share the same amount of intelligence. Examine the intelligence of the solutions that you have shortlisted and how far can it support the growth of your business.

User Friendly-

Read and scrutinize deeply about its flexibility. When you purchase a product you would want to use it as fast as possible and hence make sure that it is user-friendly and your employees can adapt to it quickly.

Budget- 

 Budget is a factor you should consider while shortlisting software for selection as you cannot just go ahead with software that claims to be on the top of the market and have a shortage in the budget for your business.