10 TIPS TO GET THE MOST OF YOUR ERP SOLUTION
Posted by: RAMAN on  20th November 2017
10 TIPS TO GET THE MOST OF YOUR ACCOUNTING/ERP SOLUTION
1.REVIEW YOUR CURRENT SOFTWARE SOLUTION
Evaluate the functionality, capabilities and ROI of your current solution and how it fits with the direction of the business and its growth goals.
2. DEFINE A PURPOSE
Clearly define the purpose of having an accounting or ERP solution to ensure the business gets the most out of the investment. Ask yourself 3 questions?
“What do we want to achieve by having an accounting/ERP solution?”
“What are our business goals?”
“What issues can be solved by implementing an accounting/ERP solution?”
3. ASSIGN A SOLUTION CHAMPION
Assign a solution champion: To promote quality control and consistency, assign a solution champion that oversees and controls all aspects of the accounting/ERP solution and interfaces with the implementation partner.
4. QUALITY DATA IS THE BEST DATA
Customer, supplier, distributor and employee data is the most valuable asset to any business. Ensure that all data entered into the solution is accurate, relevant, up-to-date, easy to decipher and value-added.
5. KEEP YOUR PROCESSES SIMPLE
Use descriptive and accurate labeling, field values, categorization and reporting principles so that entering, retrieving and exporting data is streamlined and easy to perform.
6. LEVERAGE YOUR INVESTMENT WITH CUSTOMIZED SOLUTIONS
Most accounting/ERP solutions are developed as a one-size fits all solution and lack the functionality to meet the businesses industry-specific needs. Look to implement customizations such as integration with other solutions, e-commerce platforms and customer self-service portals to meet the unique needs of your business
7. LOOK TO THE FUTURE
Grow with your accounting/ERP solution; keep it in line with your business’s growth strategy. Keep your solution updated to the latest version, extend functionality further by integrating with an ecommerce solution, implement a customer self-service-portal, or seek customizations to leverage the value in your investment
8. TRAINING, TRAINING, TRAINING
Get your employees involved with your accounting/ERP solution to improve the adoption rate by offering training opportunities such as training webinars, live class-room sessions, demonstration videos, product release reports, newsletters and in-office training sessions.
9. EVALUATE THE ROI OF YOUR SOLUTION
Evaluate the amount of time, effort, manpower and cost required to maintain your solution and then identify the main areas that are costing your business the most and develop a plan to lower those costs.
10. KEEP IT CLEAN
Analyzing and scrubbing your data is essential for keeping your solution optimized, efficient and running smoothly. Keep your solution free of junk data by performing daily, weekly, or monthly audits and remove any data that doesn’t add value to the solution or your business.
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