If your business is looking to select and implement a new enterprise resource planning (ERP) system, you have a critical decision to make. Do you go with a generic ERP solution that comes with “one size fits all” functionality? Or do you look at industry-specific ERP software? While generic software can be cheaper up front, industry-specific solutions are an investment in your company’s future, offering all of the features that meet your needs.
To learn more about ERP software and the benefits it offers, see our introductory guide. In this post, we’ll compare the differences between generic and industry-specific ERP systems.
When it comes to searching for a new ERP software solution there is no one-size fits all. It is a critical decision that can be an extremely long and difficult process. One must consider many different factors (ex. functionality, fit, price, complexity etc.) before selecting a solution. It is very important that you take your time in evaluating your options as choosing the right solution as well as the right vendor is critical to the success of the project. To help ease the stress this process can cause we have broken down 5 key factors one should consider when evaluating various ERP software vendors.
Incorporating the right Enterprise Resource Planning (ERP) software solution is not just choosing the right product. It’s just as important to know how you will access the software. Today, there are various hosting models available in addition to having it on a local computer. Therefore, you should consider the hosting model that best fits your business. The following is a breakdown of the 3 basic hosting models for ERP software:
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