Enterprise Resource Planning
  Home ERP Benefits Implementation Reviews Software Selection Vendor Selection Top 10 Software Books
 
ERP Guide
Change Management
Choosing Platforms
Cloud Computing Applications
Disadvantages
Effects on Strategy
Evolution
Executive Guide
Features and Functions
For Large Corporation
Functional Consultant
Functional vs. Technical
GAP Analysis
Goals and Objectives
Health Sector
History
HRMS
Implementation GAP Analysis
Implementation Guide
Implementation Methods
Improve Company ROI
Jewellery Software with POS
Latest Trends
Manufacturing Sector
Microsoft Dynamics
Open Source
Oracle E-Business Suite
Outsourcing Vendors
Reasons for Failure
Requirements for Consultant
Roles of Consultants
SAP Benefits
SCM Executive Guide
Software-as-a-Service
Tally 9 Features
Telecom Sector
When to Consider
Wireless Technology
 
Accounting Software
Accounts Payable
Best Practices
Buyer's Guide
Intacct Review
 

ERP Vendor Selection Criteria and Tips

SocialTwist Tell-a-Friend


Selecting the Right ERP Vendor for Your Company

After selecting the type of ERP software for an organization, one should compare the features of various vendors. Make a list of vendors who can provide the best services in the defined budget. Some vendors provide Generic Systems where the customers and resellers are more and the vendors can provide better support after the installation of ERP.

The second type of system is the industry specific, in which, the software can provide additional functionalities based on the need of the company, and the third type of sellers provide custom products, which can provide customizations as per the requirements of an organization.

Steps to make an analysis of the vendors

Know the background - Research on the background of various vendors to find out their reliability.

Know about the capabilities - One should see if the executive staff of the vendor is knowledgeable enough to deliver the software as per the requirements or not.

Issue Request for Proposal (RFP) - Find the list of ERP provider and issue a request for proposal. In the RFP, one can mention the queries related to the price, technology, and customer lists etc.

Request for demonstration of the software - The vendor should be aware of the critical success factors and the basic requirements of the organizations. After seeing the demonstrations, one can see which software best suits the need of the organization.



Compare the capabilities of the software teams. One can see if the team was able to answer the queries which were asked during demonstration or not. Can the supplier provide unique features or not?

Study the project management documents - Know about the technical support's experience and expertise in solving non-technical and technical bugs. The years of experience of the software providing company and the time when the product was released, should be known. The profits made by the company, its market presence and yearly headcount can be sought. The project teams should be reviewed and see if the implementation will provide profitability or not.

Review the product functionality - By assessing the overall requirements, menu structure, help files, customizations, complexities of the product, reports etc. one can see the product's functionalities.

Negotiate the contract with the provider - As the number of providers has increased in the market, one can get a competitive price for a software solution.

Allocate and compared budget - Buyer should make a list of expenses including the expense on staffs and time directed towards implementation of software. The cost includes license fees, support, implementation, hardware, technical costs, networking and communication. The costs should be compared with the implementation cost of services to software of organization of comparable sizes. The cost can vary depending on the vendor and other conditions.

Narrow down the list of software providers to get the ideal provider - Software implementation becomes an easy process when all the members of the organizations are allowed to give their views in the initial stage of client's selection. Depending on need of functionalities and ease of implementation, one can narrow down the list of software provider and request for a boardroom pilot of the final product.





 Read Related Articles

ERP SoftwareERP Software Selection Tips
ERP SystemEvolution of ERP Software
Enterprise SystemAn Executive's Guide to ERP Software
Enterprise SoftwareTally 9 Features and Advantages

  SocialTwist Tell-a-Friend
 
 
Subscribe to my feed
Join our Newsletter for FREE Entrepreneur Tips!
Enter your email address:

Review Section
Oracle  
SAP  
NetSuite  
Dynamics AX  
Dynamics CRM  
Dynamics GP  
Dynamics NAV  
Dynamics SL  
Sage  
Microsoft  
Infor  
Aplicor  
mySAP  
Epicor  
Sage MAS 90  
Sage X3  
SAP Business One  
Godrej eNcompass  
Ramco  
JD Edward  
Intacct  
Tally  
SAP Guide
Architecture  
Asset Management  
Certification Courses  
CRM Features  
Enterprise Portal  
Exchange Infrastructure  
For Mobile Business  
Knowledge Warehouse  
Manufacturing  
MDM  
PLM  
Web Application Server  
Solution Manager  
SEM Overview  
TEM Features  
xApps Features  
  Home ERP Benefits Implementation Reviews Software Selection Vendor Selection Top 10 Software Books
ERP Companies Consultant Job Training Directory
About Us Advertise with Us Sitemap XML (1, 2) Disclaimer


Copyright © ERPFacts.com All Rights Reserved.