The types of ERP systems on the market today can be confusing. This post will help you pick the right one for your business.
Enterprise resource planning (ERP) software seeks to combine all the basic functions in a business, from sales and marketing, HR, accounting and finance, operations, and supply chain, into one integrated system. When considering the types of ERP systems, first consider your business needs.
CIO says you should “Make a clear and extensive list of requirements before you start looking at vendors.” Think about where you are now, where you want to be in the future, and how an ERP can help you get there. Allowing the end goal to dictate the types of ERP systems is a smart way to help you pick between a wide field of strong competitors.
Your first decision when choosing an ERP is whether you want an on-premise or in-the-cloud ERP solution. Not all ERP vendors offer both. The biggest benefit of cloud applications is the cost, scalability, and ease of access on any digital device. However, an on-premise solution may be most appropriate for your company if you have strong compliance regulations that govern your work, such as in healthcare or the government.
ERP systems are designed primarily into three categories:
Discerning the types of ERP systems can feel like finding the needle in the haystack. But if you’ve mapped out why you’re seeking the product and the end goal, it will help you weed through the sales pitches that promise you the moon and the stars. Here are some questions to hone your search:
IES is available to show you how Microsoft Dynamics 365 ERP can help your business. Contact our knowledgeable service team and find out how Microsoft is right for your business.