What Does a Best-in-Class ERP Solution Include?
An ERP system is an interlinking process which is at the very core of a business and has a major financial impact. Almost all the typical application systems could be considered simply data manipulation tools. Each module within an ERP system stores data, processes and presents them in the appropriate form whenever requested by the user. An ERP software system overcomes the problem where there is no link between the application systems being used by different departments as it will integrate every user to have a Single Source of the Truth.
Even though there are hundreds of such data tables which store data generated as a result of diverse transactions, these tools are integrated for efficient, quick and accurate results required by multiple users, purposes. sites, and at multiple times.
Therefore, an ERP solution includes:
Support best business practices:
It must have a collection of modules and tools to support the best business processes which can be applied worldwide.
Flexible:A best in class ERP system will have a modular application architecture. In other words, various functionalities are logically integrated into different business process and structured into a module which can be interfaced or detached whenever required. This can be done without affecting the other modules.
An best in class ERP system will be able to support variety of functions within an organization. It will also be suitable for a wide range of business organizations and able to adapt well to the needs of the people on the team.
A best in class ERP system will not not be limited to organizational boundaries. It will also support the on-line connectivity to the other business entities of the organization.
A best in class ERP system will provide businesses with the tools necessary to streamline business processes which make transactions manageable, and improve employee efficiency and accuracy.
Once in place, the best ERP software includes accounting and more:
- All systems integrated
- All systems implemented
- All systems failover w/o triage decisions
- All systems w/no single point of failure
- A sustainable environment for:
- Operating systems
- Client connections
- Mobile Connectivity
- Backup and Restore
- Unified communications
- Business continuity
- Accounts payable
- Accounts receivable
- Bank Reconciliation
- Bill of Materials
- Budget Management
- Credit Card Process
- Financial Modules
- Fixed assets
- FRx Forecaster
- General Ledger
- Multi Currency
- Project accounting
- Reporting/analytics/business intelligence/key performance indicators KPIs
- Remote access
- Web portals customer/supplier/management
- Dashboards – quick analysis and presentation of KPIs to executives
The process can seem overwhelming but with over 24 years of experience, Santa Clarita Consultants helps small businesses with integrating ERP software systems with a "service first" approach..
A first step will be ask a few questions about ERP. Download the checklist: What questions to ask before buying ERP software.