Cloud ERP Systems – How to choose the best?

Finding the perfect cloud ERP for your business needs is almost like finding the perfect spouse. There are several elements that you look for while choosing an ERP and once you find the one that is tailor made for you, it can pave the way for a successful relationship. In short, choosing the right cloud ERP is not just about the fulfillment of a short term requirement. There are several factors that should be taken into account before finalizing on your cloud ERP. Here are a few questions that you need an answer on while you are on the lookout.

Will the system support your existing services and manufacturing processes?

Your business needs may be unique and different from others. Mostly, ERP services can be categorized broadly into two major divisions – ERP for manufacturing and ERP for services. Under each category, the requirements are several and can be further sub categorized. For instance, under services, you will have verticals like healthcare, non-profit, mining etc and under manufacturing, you may have discrete, process and mixed mode. Depending on your business, the ERP service you choose should be compatible to your existing needs. Simply put, you need to find out whether the cloud ERP will fit your business or not.

Is the solution modifiable to suit your specific business requirements?

It is almost impossible to find an ERP system that is tailor made for you and will meet all your needs. However, most of them come with built-in options that can be customized to suit your requirements and your organizational needs. Unlike on premise ERP systems, cloud ERP systems are constantly updated by the provider and hence you will most often be using the most advanced version of the specific software. Additionally, look out for end user tools that can be easily used for modification and customizable purposes.

Will the system bring together all your requirements under one umbrella?

The more services your ERP system provides, the better it is for enhancing the business. If your ERP system can unify your entire organizational operations like production facilities, sales, human resources and other such verticals regardless of the discrepancies found in various departments and different geographical locations. If your supply chain is mobile and global, your ERP system also has to be the same and should be compatible across all users.

Although, this may not be a major criterion while choosing an ERP system, the accessibility and the scalability it offers sure is an additional benefit for your business.

How cost efficient is the ERP system?

Higher costs need not always mean a high quality service and vice versa. The clever thing would be to check on the background of the provider and if satisfied with it, move forward with the offer. However, do not overlook at one of the most important criteria while finalizing on the deal – pricing protection. It depends on whether the service offered is on a subscription basis or on a license model. Ensure that there will not be any catastrophic increase in the price during the time of renewal. These concerns can be easily addressed by the provider and will also bring a better credibility regarding the services.

Transparency and trust are extremely important in every relation and this holds true even in business relationships. Address these queries with your ERP vendor and raise your concerns. Get clarity on the vendor’s serving history in the industry and understand whether they can serve your needs perfectly.

Reach out to our ERP Experts today!