ERP software: Pros and cons
The best way to stand out from competition could be as simple as implementing an enterprise resource planning (ERP) software. Though “simple” may not be the best way to describe the nature of ERP. While an ERP solution can provide plenty of functionalities, including traceability, quality control capabilities, and management of formulas, there are difficult things to consider such as high cost, confusing selection process, risks of failure, and careful implementation. An article on azbigmedia.com weighs the pros and cons of implementing an ERP software for your business. Here is a bulleted version of the list, with a full description of each option in the original article (link below):
Pros
- It Allows Businesses to Focus IT Costs on a Single System
- Every Data is Easy to Access
- Effective Reporting and Planning
- Flexible Modularity
- Achieve a Good Level of Efficiency
Cons
- It’s Costly
- Implementation of Maintenance Requires Extra Expenses
- The Customization Process is Complex
- It May not be Beginner-Friendly
- Data Migration is Not Simple
While the decision may not be easy, any business who has successfully implemented an ERP system has seen vast improvements to their organization.
