Oracle Cloud ERP system gives you the business models that make operations smoother and streamline processes to reduce expenses and increase productivity. However, confusion or issues arise while selecting from the product modules, the best solution that will complement your business requirements. In this blog, we will give you the top ten criteria to consider in your ERP Implementation.
Top 10 Criteria for ERP Implementation
1. Business requirement
The most important criterion is to list down your business requirements. It could be done by talking to the employees. They will be using the system, and they face issues because of the lack of resources. Take as many opinions as possible. If need be, talk to the customers, suppliers, or the ex-employees to get a better idea of the requirements. We suggest you make a priority list with the most crucial requirements at the top and the least important at the bottom. This way, it will be easier for you to take things forward with the integration partner, and they will be able to give you the combination of the best-suited solution.
2. Budget and resources
Choose the Oracle Integration Cloud ERP product module based on the organization’s requirements and the available budget. While calculating the budget, do not forget to include the training, customization, and implementation costs.
Moreover, along with the budget, list out the available internal and external resources and the ones you will need to get. ERP implementation usually requires a technical team and a regular maintenance cost. Your implementation partner can guide you in making the best package. Try to loosen your pocket a bit to get the best ERP solution. It’s a long-term commitment, and you won’t want to compromise on the quality
3. Integration with existing systems
There is a possibility that your company already has software being used to date, which has some functions that come along with the integration cloud Oracle ERP system as well. It is essential to talk to the implementation partner and know the integration capabilities of the Cloud ERP solution you are opting for, especially if you don’t want to get rid of the old ones. A carefully planned implementation can make your system fully automated.
4. Dependability of the Oracle partner
Selecting a dependable integrator is a significant factor that affects the overall implementation process. Look at their experience, and the industries they have served, and have an honest conversation about your vision for the business. Ask for the deployment options and the technology used for the implementation. We suggest you set up a demo and see what fits best for your company. Once again, the earlier you engage the Oracle Business Partner, the better off you will be in the long run.
5. User support
At the end of the day, the successful implementation of the ERP integration cloud solution depends on the users. Employees from all the departments will use the software and would need to collaborate and be transparent with the other departments as the ERP system will be one platform to share information. Earn their trust, and get support by knowing and adding their requirement to the list while selecting from the modules. After the implementation of the ERP system and with user support, your company will get the best results.
6. Features of the ERP
Every business has different requirements. Thus, it needs a specific set of module(s). ERP system suite has a lot of product modules with various functionalities. They are designed according to the requirements of different industries and organizations. Analyzing the features required to have all the functions run smoother is vital to choosing the best combination.
7. Will it be beneficial in the long term?
The reasons organizations opt for an Oracle Integrated Cloud ERP solution are to either manage the business’s existing functions or prepare for future growth. The answer to “Will it be beneficial in the long term?” is yes! ERP systems usually take time to show results but prove to be one of the best choices. ERP system also helps in initiating sustainable business growth. Just keep up with the trends and technology.
8. Return on Investment
You will incur the main cost while buying and implementing the ERP system. Other expenses will include the training expenses and the expenses of customization and maintenance. However, what you will get in return is increased efficiency in the workflow. The employees’ productivity will boost the functions, and the sales will rise. While the time consumption will be reduced and your resources will generate more revenue.
To sum up, if you keep the total cost of implementation and ownership against the return on investment over time, you will witness some great numbers.
9. Industry experience
Oracle implementation experts who have experience with several industries will be able to cater to your needs better as compared to the others for obvious reasons. We, at Tangenz have been in this service for 14+ years and have served 100+ successful Oracle projects. It has been recognized by Inc 5000 as one of the fastest-growing US Private Companies. Book a consultation call with them if you are planning to get Oracle software for your organization.
10. Customization and the maintenance
After the selection and implementation of the ERP system, it is possible that you might need to make specific customizations based on the new requirements or due to a miscalculation while listing the organization’s needs. Also, your ERP system will require regular maintenance in terms of technical assistance and training for the new employees. An exemplary implementation partner will provide these services to you.
Thorough research is the key to successful ERP solution implementation. We listed the top ten Criteria that will assist you in making a selection and narrowing down your options. Additionally, if you go for Oracle Cloud EPM or Cloud HCM along with an ERP system, it will fetch even better results, and your business growth will enhance even more.
If you are still unsure what to do or want to decide on the ERP modules, book a consultation call with our Oracle Experts at Tangenz IT System Integration today!
