Businesses are constantly looking at ways to increase efficiency and boost productivity, thus accelerating growth. One method that benefits different types of businesses across industries is enterprise resource planning or ERP.
ERP integrates business processes like human resources, customer relationship management, finance, and sales into one centralised system, thus increasing accuracy, reducing administrative costs, and encouraging collaboration between teams.
An enterprise resource planning software can benefit a business in several ways and a NetSuite partner in Singapore can assist a business with customising and deploying a cloud ERP system or a cloud CRM solution.
As important as implementing a software is, choosing the best cloud ERP is vital to getting the maximum benefit of the software. This is why it is important that a business follows these simple tips when implementing a cloud ERP system.
Speaking to a NetSuite partner in Sri Lanka, you may realise that ERP software should ideally be customised to meet the requirements of the business. NetSuite’s cloud ERP system, for instance, caters to the demands of start-ups, mid-sized businesses, and global enterprises in different ways. In addition to this, features are enhanced to meet the unique challenges of different industries, whether it is apparel, healthcare, media, or energy.
This is a vital feature of enterprise resource planning and customer relationship management software because it recognises that different businesses function in different ways. However, before the software can be implemented, key personnel of the business must consider the requirements of the business and their expectations from a cloud ERP system.
Having compiled a list of requirements, the key personnel can reach out to a NetSuite partner in Singapore to consider how the cloud ERP system or cloud CRM solution by NetSuite, for instance, can be used to improve efficiency and productivity within the organisation.
When choosing a cloud CRM solution or an ERP software, consider the vendor you will be working with. A reliable NetSuite partner in Sri Lanka, for instance, may offer you additional support services that will be immensely useful when implementing the software and adapting to it.
Inquire from the vendor about the additional services they support, whether it is maintenance and upgrades. You may also want to consider the other types of software they provide, like services resource planning, human capital management, and e-commerce. Consider how easily you can access these support services and the extent of the services offered.
One of the key benefits of enterprise resource planning is a reduction of administrative costs, facilitated by the automation of various tasks. Depending on the type of deployment, a business may not be required to allocate technical and physical resources for on premise infrastructure either.
However, ERP software comes at a cost, whether it is a one-time cost or a subscription. Maintenance, upgrades, and scaling may also add to the cost of enterprise resource planning or customer relationship management solutions.
While the software may be well worth the investment, a business will have to consider its financial capacity and limitations when choosing a cloud ERP system. What a business should keep in mind is that, while an ERP system may increase IT costs, the benefits it has for the business may far outweigh the cost.
Two factors to give serious thought to when choosing an ERP system are security and compliance. In terms of security, the cloud ERP solution should have a secure and stable security system in place, to ensure the data stored in the system is protected. This is vital, especially if sensitive information about your business and your customers will be stored in the ERP software.
Data protection is something most enterprise resource planning solutions guarantee, but it is important to speak with a vendor, for instance, a NetSuite partner in Singapore, to study the safety and backup systems in place.
In addition to this, a business should also consider compliance with regulations when choosing a cloud ERP system. This is regarding data protection as well as regulations applicable to business operations and functions.
A multinational company, for instance, can implement global ERP for increased efficiency within the organisation. However, it must also make sure the software complies with regulations applicable in different regions.
Non-compliance can result in penalties and fines, which is why it is important that the software adheres to data protection and corporate regulations.