Payroll year end checklist: Here's what your business needs to do
Payroll year end is approaching but don't panic, there’s still time to get your requirements sorted. Here's what you need to do.
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Enterprise Resource Planning, or ERP, brings together all your critical business data into one central location. Whether your business operates nationally or internationally, ERP solutions let you access everything you need to make decisions in real-time and to plan for the long term.
ERP software implementation has many benefits. It can improve business performance, data integrity, organisational compliance and interaction between your projects, teams and offices. But it also requires investment - in both time and money. Preparing well means you’re more likely to reap the full benefits of that investment.
The first phase of ERP implementation involves choosing the right ERP software provider. The next steps may involve installing some, or all, of the solution onsite, configuring the system to match your user and process needs, migrating all your data and, finally, training the end-users.
Many companies struggle with the organisational change that ERP implementation needs. Success can be complex and expensive. According to independent ERP research by Panorama Consulting, the average cost of an ERP system implementation in 2016 was approximately $1.3 million with an average ERP implementation life cycle of 16.9 months.
A strong starting point as a management team for ERP implementation strategies is to consider:
It may be helpful to consider the following questions when planning your ERP implementation strategy:
When your business has outgrown accounting software, upgrade to ERP solutions for agile enterprise management. Sage X3 offers all the control you need at a fraction of the cost and complexity of traditional ERP implementation.
There are many reasons for ERP implementation failures. But there are also plenty of ways to overcome these challenges.
Panorama Consulting’s research suggests you’ll save time and money by investing in organisational change management from the start. Check your business processes are efficient today before you migrate them. And put a clear business case together so you have accurate benchmarks to measure improvements against.
Taking time to create your ERP system implementation project plan, following a systematic approach to ERP integration and choosing the right software partner should see you realise all the benefits of your ERP deployment.
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