Whether you are a large chain of companies or a small business, the right ERP system can do wonders in improving your business. Which might be why you are planning to introduce an ERP system to your business or to upgrade your existing one. 

Either way, most of the times, the problem is not which one to choose but how to choose it.

In this post, we share the best practices in comparing ERP software between various vendors below.

Step 1 - Company needs 

Understanding the needs of your company is the first step in finding the right ERP system for your organization. Consider your strengths, weaknesses, challenges, and struggles of today and tomorrow before starting your quest to find the best ERP system.

Once you have a clear idea of what your company needs right now and to achieve your future business goals, things will be easier and less complicated during your ERP system comparison process. 

Step 2- Start comparing 

Next, start comparing your ERP vendor list. Below is a list of 9 factors you should pay attention to, during the process.

  • Modules 
    Functionality is the number one feature to tick off from your ERP comparison checklist. Take into account the key features and functionalities of different ERP systems that core to your success.

  • Scalability
    Can it scale as your business grows? Does it have the elasticity to accommodate new employees, product lines, markets, advanced supply chain processes to meet your needs for the next few years?

  • Customization
    Every business is unique. So, it is important to compare your ERP software on customizability as you need a unique ERP solution for your business just as you are.

  • Customer support 
    ERP systems are not simple as plug and play in the most cases. Which is why you need to make sure you are purchasing from a vendor with a top-rated customer support from implementation, help desk to maintenance.

  • Vendors track record
    You should not measure the success of an ERP system solely based on the popularity of the vendor. Be sure to research their past projects and learn about their reputation for customer satisfaction.

  • Security 
    Security measures of the ERP system is another important factor to consider during your ERP vendor comparison process. Thus, asking your vendors about security encryptions in passwords and in third-party integrations is important.

  • Upgrades 
    Having a clear idea about the upgrades of an ERP system will help you avoid surprising costs and unpleasant time consumptions in the future. Be sure to compare your vendors based on frequency, ease and the costs of the upgrades so you can find the best bang for the buck.

  • Cost
    The fee of the system is one of the main concerns for most of the businesses. To get the maximum ROI make sure to ask vendors for clear details for costs, as there may be separate fees for training, implementation, maintenance, hardware, and support, apart from the product. 

  • Easy to use
    No matter what features come in the software, there won’t be any use if the system only makes things more complicated. So, check how easy it is to use before the purchase.

Follow the above two steps to make your ERP system comparisons process less complicated and less overwhelming. Also, make sure to add our ERP software TigernixERP, an all-in-one ERP system to your comparisons list.