ERP is an industry acronym for Enterprise Resource Planning. Broadly speaking, ERP refers to automation and integration of a company’s core business to help them focus on effectiveness & simplified success.
One immediate impact of implementing an ERP solution is the systematic and uniform flow of business data and information across all departments in an organization. Being provided this real-time information allows you to make better business decisions and ensures you that all the information and data is completely up to date and precise. Many business organizations get a step ahead in real-time analysis with complete access to standardized and reliable data
The implementation timeframe varies depending on the modules being implemented. In our experience, we can implement as early as one month for an accounting module. This is based on the assumption that the user or the company already knows what to expect and have necessary data available right away.
There are implementations that take a year or more especially if the organization has growing requirements, incomplete or incorrect data provided and/or management changes.
But this can be shortened by having a strong collaboration between the internal steering committee and the solutions provider. Both should have strong background and experience in implementing ERP.
Enterprise systems are beneficial to companies regardless of size or industry. In recent years, small- to mid-sized companies have fueled most of the growth in the ERP industry. While large enterprises dominated ERP usage in the past, niche solutions have made it possible for smaller businesses to implement an ERP system.
Companies pursuing digital transformation often implement software to enable their digital strategies. These companies use technology to enable digital operations and create new business and operating models. Some of the goals they hope to achieve by implementing new technology is improving data insights and improving the customer experience.