ERP Software

ERP Software

Widely utilized in the manufacturing industry, Enterprise Resource Planning Systems (ERP) are management information systems. ERPs help to handle day-to-day activities, such as shipping, invoicing, accounting, product planning, and distribution, as well as inventory management, delivery, billing, HR management, quality management, and sales.

Functionality

ERP software combines a company's functions and departments into one program that runs on a single database. This helps to speed up businesses processes and transactions, resulting in greater administrative and operations efficiency, improved customer service, inventory reduction, and more competitive positioning.

Whether a company chooses open source ERP software or commercial ERP software, there are many different software programs available. A few of the top ERP software vendors includes: Baan (Baan ERP), Best Software (MAS 500), Bowen and Groves (M1), Carillon (Carillon ERP), Cincom (Cincom ERP), Epicor (Epicor Vantage), Exact Software (Max ERP), LAMAR Software (info.NET ERP), Microsoft (Great Pains ERP), Navision (Navision ERP) and Syspro (Syspro ERP). There are also several open source ERPs, including Compiere and GNU Enterprise. In general, initial costs for open source ERPs tend to be less than commercial ERPs.

Cost

Approximate costs are tough to determine due to a variety of factors, including: installation, implementation, data migration, consulting fees, training, and more. Costs also depend on whether the company chooses a pre-packaged system or a customized system. In general, installing ERP software is a huge project with a huge price tag. It is not uncommon for ERP software to cost millions of dollars. Getting the system up and running can take years, depending on the size of the company. It can also take years for employees to master a new system.

Selecting ERP Software

Before a company decides to switch to an ERP system, there are a few things to consider. It is a good idea to get ERP counseling as many companies attempt to make the switch without really understanding what the project or process entails and the extent of costs involved. A company might also want to consider opting for a “fit to business” solution rather than buying based on brand recognition. In addition, for large savings, companies should consider a suite from one vendor rather than rely on several vendors.

The planning and research involved in selecting ERP Software is extensive. While the Internet is a decent place to find information about ERP software during the very early stages of the process, it is still best to hire an ERP counselor or consultant to help you through the decision making process and beyond.

By Michelle Burton           


Related Links:

  • Intuitive ERP
    ERP software company. Includes general information and frequently asked questions about ERP software systems.


 

 

 

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