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What Every CFO Needs to Know About Evaluating a New ERP

Published January 24 2023
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As a CFO, you have a critical role in evaluating and selecting a new Enterprise Resource Planning (ERP) system for your organization. Here are some key considerations to keep in mind when evaluating ERP options:

  • Functionality: First and foremost, the ERP system should be able to support the specific needs and processes of your organization. This includes core financial and accounting functions, as well as other business processes such as supply chain management, human resources, and project management.
  • Scalability: The ERP system should be able to scale with your organization's growth and changing needs. This includes the ability to easily add or remove users, modules, or integrations as needed.
  • Integration: The ERP system should be able to seamlessly integrate with other systems and technologies that your organization uses, such as CRM, e-commerce, and data analytics tools.
  • Customization: The ERP system should offer some level of customization to fit your organization's unique business processes and workflow.
  • User experience: The ERP system should have a user-friendly interface that is intuitive and easy for employees to use.
  • Support and training: Look for an ERP vendor that offers comprehensive support and training to ensure a smooth implementation and transition process.
  • Total cost of ownership: In addition to the upfront cost of the ERP system, consider the ongoing costs of maintenance, updates, and support.

By considering these factors, you can choose an ERP system that meets the needs of your organization and provides a strong return on investment.

At Alithya our ERP consultants are professionals who specialize in helping companies implement and optimize enterprise resource planning (ERP) systems. Our ERP consultants have expertise in the unique needs and challenges and can help companies choose and customize an ERP system that is tailored to their specific needs and specific industry. We also provide training and support to help companies get the most out of their ERP system including conducting needs assessments, identifying key performance indicators, configuring and testing systems, and providing ongoing support and maintenance.