Your Cloud Partner

Are you looking for the right ERP package for your small to mid-sized business ?
There is plenty of information available on internet about ERP solution. However, there is little advice on the right strategy to evaluate good ERP software. This PPT is intended to provide some of that much-needed guidance.

The Real Challenge

Implementing an ERP system has grown to become a challenge for all organizations. Reason - rising instances of failed ERP implementations world-wide.

Is the problem worse for the SMBs?

Market reports suggest SMB owners have faced the maximum roadblocks when it comes to implementing enterprise applications; and ERP implementation is the leading one.

If the problem is alarming, is the solution available?

A tactical approach is what we suggest.

SMBs should discard the fact that any ERP package will work and their organization will simply conform to its functionality. Ideally, ERP should be a transformational business initiative providing key competitive advantages. And to achieve this, business decision makers need to invest time, discussing the 8 KEY POINTS.

1. Form the selection committee

Most companies do the mistake of equating software to just IT. Choosing ERP software is not an IT but a business decision. IT department should only be your support. Involve decision makers representing all departments of your organization. Ensure they have a deep knowledge and understanding of the industry and your business; and have the authority to bring change.

2. Plan the future goals

Do not develop a list of software features. Rather doing this, develop a list of what you want the company to achieve through the ERP system. Example

Provide my clients with precise delivery dates. Maintain 100% accurate inventory.

Achievements are more far-reaching. Choosing ERP package designed in accordance to your future goals will always be rewarding. It will transform your organizational culture in a positive way and will increase profitability.

3. Synchronize the goals

Prioritize the list items and select top 3-5 goals that your company needs to achieve NOW. Define and document your current business processes, pain points, and strengths. Group the goals by function (order entry, shipping, etc.) and level of importance. Differentiate the must-haves from the nice- to haves.

Remember the goals will eventually be used to evaluate different ERP packages.

4. Evaluate the Technical Fit

Although ERP is ideally a business initiative, be clear about how the software solution will align with your current infrastructure. Consider

Which database platform do you want to run the software on? Do you want an ERP package that runs on the platform you choose?

5. Understand the total cost

Harvard Business Review Cost overrun is one of the critical problems that SMBs face on choosing the wrong ERP software vendor. As per one of the studies, among1471 enterprise system projects, the average cost overrun is 27% (approx).

What we suggest:
Its a lot easier to accept potential costs early in the process than after getting committed to a particular solution. Businesses need to opt for total cost calculation before making the FINAL PLUNGE.

6. Parameters for cost calculation

Hardware cost Software cost

Training and change management cost

Cost involved in allocation of internal resources Cost due to business disruption

Application management costs

Integration costs.

Note: Divide the costs into one-time and recurring. Calculate the recurring costs considering the usable time of the software.

7. Reach out the vendors

Most companies choose a solution based on what competitors are doing. Result they fail to meet their own unique business requirements and sources of competitive advantage.

Instead of following-the-herd policy, organizations need to understand their business needs by considering

Business model (Make-to-order/Maketo-stock/Mixed model) Size of user base: Number of users who will be on the system (At this stage, you need only an estimated number of named and concurrent users) Frequency of use End-user profile.

8. Essentials of an ERP software solution

Ease of use and intuitiveness: An ERP system should be designed to help the user flow through the modules smoothly. Access to information: On demand ability to display relevant information on-screen. There should be options to drill down into detailed information instantly. Coherence: Uniform look and feel across various modules that enable consistency between functions. Customizability: Much-needed flexibility to customize the application without interfering with the core software.

9. Track the KPIs

Measure it to achieve it To gain the full potential of the ERP system, organizations need to keep track of KPIs, after the ERP goes live. Based on the success metrics, corrective action should be taken. . Note: KPIs measured should include customer and organizational benefits. Example Customer-side : Accurate order fulfillment Prompt delivery act High customer satisfaction score. Organizational-side: Low supply chain management expense Reduced outbound logistics costs Inventory days.

Get started with Corelynx Now !

Corelynx Inc. is a fast growing Silicon Valley based Enterprise Software Company, deploying world-class ERP package solutions for different industry verticals. We hold extensive experience in developing complex business applications, online commerce solutions and CRM systems. Our organized process, advanced technology and an efficient workforce have enabled us to achieve 200+ customers in a few years.

Its our clients who spread word about us!

Take a sneak peek into what our customers have stated about their Corelynx experience
Corelynx helped us improve critical business processes in an incredibly short amount of time. Corelynx provided the kind of services and support that I would expect in a true business partnership. Their devotion to quality and customer satisfaction is unsurpassed in the industry. I wouldnt hesitate to recommend Corelynx to any of my peers and I know and trust they will surpass all expectations. Thor Hiselberg, CEO, NorthPoint

Corelynx is a trusted vendor, but more importantly, Corelynx is a trusted partner. Developing software solutions requires a unique blend of technical expertise, business acumen and creativity. Corelynx excels in all of these areas. In today's fast-changing environment, every project requires numerous changes as it progresses from concept to implementation, and companies must adapt effortlessly and expediently in order to survive. This requirement is amplified when developing software. Corelynx has assisted ID Cuffs increase its competitive advantage by providing unique software solutions that adapt to these volatile conditions. Denis Kelly

Corelynxs THREE Engagement Models

Full-time Equivalent: Allocation of dedicated resources to a clients project.

Fixed Cost: Suited for short-term small and medium sized projects where the requirements are not likely to change in the development process.

Maintenance: Applicable for the post implementation phase to bring continuous improvement to the project.

Contact Us
Corelynx Inc 11501 Dublin Blvd, Suite 200 Dublin, CA 94568 510.790.3641 x 1101 Email: info@corelynx.com www.corelynx.com