Updated on Jan 2, 2024
Implementing an ERP system can significantly improve your business operations. Here are seven strategies to help Singaporean businesses see ROI from their ERP investment sooner.
When scoping an ERP solution, choose software tailored to your business needs and industry. Consider current pain points and issues. Engage your team for input and prioritise impact areas. Consult with your ERP provider to understand their offerings and how they can address your needs.
To learn how NetSuite ERP implementation can provide strong financial returns, explore the Financial Brilliance Behind NetSuite ERP Implementation. For more on unlocking the ROI potential from your ERP implementation, check out our guide on Unveiling the ROI Secrets of Investing in NetSuite ERP.
Successful ERP implementations require dedicated time, planning, and training. Ensure your team is well-prepared and supported throughout the process. Invest in a cloud-based ERP provider that offers comprehensive training and a knowledge base for ongoing support.
1. Identify your requirements
When scoping an ERP solution, choose software tailored to your business needs and industry. Consider current pain points and issues. Engage your team for input and prioritise impact areas. Consult with your ERP provider to understand their offerings and how they can address your needs.
To learn how NetSuite ERP implementation can provide strong financial returns, explore the Financial Brilliance Behind NetSuite ERP Implementation. For more on unlocking the ROI potential from your ERP implementation, check out our guide on Unveiling the ROI Secrets of Investing in NetSuite ERP.
2. Customised or standardised?
Decide between a standardised ERP implementation, which can provide quick ROI, or a customised solution that meets specific requirements but may take longer and cost more. Work with your ERP provider to determine the best approach for your business.3. Choose the right ERP implementation for your business
Understand the differences between on-premise and cloud-based ERP systems. On-premise solutions require significant upfront investment and ongoing maintenance, while cloud-based systems offer easier implementation and maintenance, often resulting in quicker ROI.4. Factor in change management and organise training
Successful ERP implementations require dedicated time, planning, and training. Ensure your team is well-prepared and supported throughout the process. Invest in a cloud-based ERP provider that offers comprehensive training and a knowledge base for ongoing support.
