Post-modern ERP: the checklist
Just like the controls prior to the selection of a supplier, companies undertaking a digital or post-modern transition must approach the selection of their resources and tools with a structured approach, the appropriate support and tools, and a rigor commensurate with the stakes and risks. Post-modern ERP software is part of this process.
Strategy FINANCE
Commitment of sponsors to the program
As is often the case when a company makes decisions that impact the entire organization, a team of high-level sponsors must be involved.
As a variety of different systems need to be interfaced into an integrated solution, the managers of the different departments impacted need to be able to influence the prioritization of processes within their scope of responsibility.
Evaluation of the considered systems
Since the post-modern ERP concept involves the implementation of distinct solutions, a clear understanding of what each vendor offers (or does not offer) is imperative.
Contractual, warranty and SLA conditions must be well understood, especially if customizations and/or developments are envisaged and if their internal teams are able to handle incidents when they occur.
Finally, if significant changes occur in the SaaS solutions that are meticulously interfaced to the main solution, a new set of complex interfaces may become necessary.
Total cost of ownership analysis
The total cost of such an undertaking must be measured against alternatives that are more favorable to the balance sheet. The same is true for the comparison with the option to defer and “do nothing”.
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DAF AND DSI: HOW TO SUCCEED IN YOUR ERP FINANCE PROJECT?
Also read in our “ERP finance” file:
- What are the key challenges facing finance managers today?
- What are the key regulatory issues for CFOs in 2019?
- Digital transformation of the finance function : where do you stand?
- Digitization of the finance function: what should we expect in the future?
- What changes does dematerialisation bring to the finance function?
- Finance management: what technological tools are available to CFOs?
- ERP software definition: what is an ERP?
- What is the use of an ERP solution for the finance function?
- ERP finance: what do you need to know as a finance manager?
- CFO: what are the advantages of an ERP for the finance function?
- Finance software: which ERP to choose for your company?
- Postmodern ERP: the right choice for your company?
- Should you consider a Postmodern ERP solution?
- The challenges of a post modern ERP
- Post-modern ERP: the checklist
- Help in choosing ERP finance: why use a firm?