Hi Everyone, I am currently working in a Chartered
Which ERP software is more useful for medium sized enterprise.
Answers
There is no "one' best. Each system is best for a particular business becuase of multiple reasons.
I suggest you take a look at this resource:
https://www.proformative.com/resources/buying-accountingerpcrm-system
I concur with Wayne. Every situation is unique. I recently went through the selection and implementation process for my company and found the engagement of a 3rd party consultant (with no profit depending on the system selected) invaluable. The consultant's experience with the implementation of many systems in many situations gave her the perspective to guide us in our selection. If given the opportunity to select/implement another ERP, I'd never do it without this kind of consultative guidance.
Make sure you start by capturing your own company's requirements in writing before you contact any vendors. Like Julie, we engaged an unbiased consultant to lead several workshops that elicited requirements, built cross-functional awareness, and united the team.
A common mistake is to focus on what vendors have to offer rather than what your company needs. Salespeople are very good at extolling their product's strengths and avoiding discussion of its weaknesses. Pinpoint any requirements that are unique to your company, document them in fact-filled use cases, and mandate that vendors demonstrate how their product can respond to them.
On top of the advice stated in terms of assessing true needs and use case in your situation (for example, a mid sized
In addition to some of the traditional players you have listed, I've come across both Netsuite and Intacct as newer players. You can find many guides and resources on the strengths and weaknesses on all these solutions.
The most important aspect is to ensure that you make sure every cross section of your staff are engaged in the discussion. Several years ago I was involved in an ERP roll out for a company that operated globally, the consultants had only spoken to the US finance team and had produced a "Gold" version of how they thought the software should look. When myself and some colleagues from the European finance team were invited over for "testing" we found that the developed solution had absolutely no functionality for the European side of the business and reported European performance in USD, had little to no FX functionality and had nothing established for charging or accounting for VAT.
Suffice to say the roll out that was scheduled for two months time was delayed a further four months whilst the European business requirements were scheduled, a new version developed and then picked apart and redeveloped and finally rolled out on time (second time) but probably distinctly over budget.