Help in choosing ERP finance: why use a firm?

Verifying the accuracy of financial data is one of the priorities of a company’s financial manager. This can be a particularly difficult task, since in addition to the internal data flows from various departments, there are also data flows from subsidiary companies or, in the case of groups, from subsidiaries. However, it is imperative that these checks be done. The integration of an ERP finance within the company’s information system is therefore essential. Choosing a solution from among the many management software packages, and then implementing it, is a complex operation. Using an outside firm to help select ERP software is usually the easiest solution.

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Implications of choosing an ERP finance solution

While there are many solutions on the market, choosing the one that will best suit your business is not easy. Criteria such as company size, industry, operating system used for internal computing, national or international reach, and functionality requirements should be taken into account.

An ERP project is often an opportunity to audit the company’s internal processes and functional needs. A specification can then be written and validated. It will help to select the best ERP solution for the company.

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The obligation of a rigorous methodology

The selection and integration of an ERP solution that replaces other management software must be subject to a rigorous methodology. If it doesn’t cover all of the company’s needs, or if it can’t be integrated or adapted as planned, the entire business is at risk.

The implementation of the ERP solution is broken down into several distinct phases, including

  • Needs analysis,
  • Design,
  • Realization,
  • Deployment.

Theneeds analysis will determine the functional scope of the ERP project. Once the objectives have been correctly identified, it will be possible to precisely frame the project.

Then comes the design of the solution. This phase will allow to define the processes, the data flows and the complementary developments to be carried out so that the management software package meets the identified needs exactly. The study of the recovery of existing data is also carried out during this phase.

Once all these elements are gathered, it’s time for the realization itself. The solution is installed, configured and further developments are made. A prototype is usually presented to validate the choices made and adjustments are made. The acceptance phase allows us to validate the solution and to detect any anomalies to be corrected or functionalities to be modified.

Finally, the last step is the deployment of the solution in production. The new ERP finance replaces the old tools. The personnel is trained and accompanied during the handling of the software package.

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    ERP finance selection assistance: the contribution of an external viewpoint

    The implementation of an ERP solution requires a deep knowledge of the company’s processes and data flows, a real competence in project management and a lot of rigor.

    The intervention of a specialized firm will improve the quality of the audit of the company’s operations thanks to its external and objective view, supported by its experience in business processes. The firm’s experts will be able to make a complete and reliable diagnosis and thus better define the specifications. This knowledge and expertise willhelp you choose an ERP finance solution.

    For more information, please contact our consultants who can assist you in evaluating the costs and opportunities related to your situation.

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