Considerations for Midsized Companies Implementing an ERP System

While ERP, or enterprise resource planning, has historically been associated with manufacturing or large consulting firms, many small to medium businesses (SMBs) are already running their own home-grown versions of ERP. They might be using systems for staff scheduling, supply ordering or financial reporting – most companies use a combination of one or more of these systems in the course of their everyday operations.

ERP is simply a way to use resources efficiently in an effort to reduce overhead and increase productivity and profit margins. The move towards integrating disparate systems into a comprehensive ERP solution, like Microsoft Dynamics GP, is just one way that businesses can better position themselves to deal with the challenges of growth and development.

Moving to an integrated ERP system doesn’t require a wholesale replacement of your existing systems. Accountnet has achieved excellent results for its clients through the integration of best-of-breed solutions with existing technologies. A few key questions that mid-sized companies investing in a new ERP system should be asking vendors:

  • Does the software integrate with any existing system already in use on the site?
  • Can the system be easily expanded down the road? At what cost?
  • Will staff be able to submit time and expenses?
  • Is it possible to add document management or a web portal for project management?

There are many options to consider when selecting ERP vendor. Should you go with an in-house or cloud solution, that is, the Software as a Service (SaaS) model, which generally involve lower start-up costs, reduced implementation effort, and a lesser need for skilled IT staff to support the infrastructure.

Another key consideration is flexibility.  A “one-size-fits-all” approach may not adapt easily to the changes your business will face.  Most companies seek to maximize the value of their software investments by building on existing platforms; in this situation, the skills and capabilities of your software vendor is vital to your success. Very few mid-sized businesses have the necessary IT resources to maintain existing systems and simultaneously take advantage of new technologies. As a result, partnerships between companies and their value-added resellers are crucial to delivering an ERP system that provides a great return on investment.

Contact us at Accountnet if you’d like to learn more about Microsoft Dynamics GP.  We can help you implement an ERP system that will grow with your company and are happy to provide you with a free phone consultation and needs assessment.