Selection of right ERP system for your company depends on a number of criteria. This includes functionality of potential ERP systems relative to your business requirements, cost-factor and your organization's need. It is also important to consider whether you would like to go for a short-term vs. longer-term costs. Ultimately this decision could be further narrowed down to two main variables: complexity and control.
Large companies with huge number of employees need to control their IT infrastructures because they view business technology as a competitive advantage. These companies are more likely to find that traditional on-premise ERP systems to meet their business needs. With their larger background these types of systems can provide the flexibility and control that these organizations are demanding.
On the other hand, most of the small and mid-sized companies consider the ERP function as a tool to excel in their day-to-day business process. They don't mind outsourcing by getting the facility from outside their compound wall. For these types of companies, Software as a Service or the Cloud ERP solutions often makes more sense.
Global presence of each company also varies depending on their strength and operations also their supply chain sophistication, diversified products, and customer interfaces that provide competitive advantages over their competitors. Companies with higher levels of complexity and sophistication can consider either on premise or hosted off-site (in the cloud).
It is also a fact that almost every midmarket ERP suite shares several common modules, the differences among solutions tend to be quite granular within these modules. Also, even if different packages offer the same feature - say, sales-order management - it might not be bundled in the same module; some vendors include sales-order management in their CRM suites while others package it in their SCM suites.
What is the taken in to account when evaluating an effective ERP system is that key to an ERP package is tight integration between modules, so that all of the core business modules are related.
As every company is different and has different business needs, so it is important to understand which types of ERP systems will work best in your situation. For more information and comprehensive evaluation of each variant, please write to us or call us today.