ERP implementation refers to the rollout of enterprise resource planning software within a business. It typically takes extensive planning and a significant investment. The implementation of cloud-based ERP is often much more seamless and less costly though.
Delivering a successful ERP implementation project is not an easy task. Many companies struggle to strike a balance between real-time and batch integration and between external and internal ERP systems. Enterprise resource planning is a complex challenge, with many points to be considered before launching a new strategy.
According to Panorama Consulting's independent ERP research over the past five years, the average ERP implementation cost is approximately $6.1 million with an average duration of 15.7 months.
Eric Kimberling of Panorama Consulting is an independent ERP systems expert with over 20 years' experience advising clients around the world. He feels that ERP solutions have become easier to implement over the years. But even so, it's not a minor undertaking.
"You don't want to treat ERP as a small project. You want to make sure you have a dedicated focus on the people who are addressing organizational change management aspects," he says. "People always think end-user training when they think of organizational change, but there's so much more that needs to happen before end-user training in order for it to be successful."
As with most business pursuits, your success depends on the use of a systematic approach.
Make sure the entire ERP system implementation project has been divided into steps, and each stage has a specific timeline for completion. To guarantee seamless application, assign a team member to make sure deadlines are being met.
The ERP implementation process should be supported by documentation in order to minimize the risk of delays. Such pre-worked documentation shared by the ERP provider ensures that, as a business, you can hit the ground running and hone in on new opportunities.