Making a Business Case for ERP Software is probably the most important step in your digital transformation journey.
Businesses today operate under immense pressure. The market is more competitive than ever and customer demands keep rising. To succeed, businesses need to be agile and flexible, and be able to quickly and accurately respond to changes and opportunities.
Everyone knows that ERP Software can be really beneficial for running a business, but pitching this to stakeholders is another thing altogether.
We have shared this blog to help you understand how to approach business stakeholders and build a strong case for ERP and digital transformation.
The key to winning support from senior management is to be able to show that the software will add value to your business.
In order to successfully make a case for adopting an ERP system, you need to follow a clear path.
Here’s a quick guide on how to make a business case for ERP software.
Step 1: Make the Business Case to Yourself
The first thing you need to do is decide why you want to invest in an ERP system in the first place.
With the fast changing business environments, most traditional ERP software are not able to meet the current expectations of the business.
You want to invest in an ERP software because you need to streamline and improve your business processes.
And you want your business data to be available to all your colleagues anywhere and anytime.
And you want to build your business intelligence function and make informed decisions rather than rely on unreliable old data.
Investing in an ERP Software and other business software is something that most people are not sure of. They only do so when they find out that they are losing money in their business or they are not able to keep up with the growth in business.
The question that they ask is why would I invest in an ERP software, if I already have a working solution in my business.
The answer is not always straight-forward. The reason why you want to invest in an ERP software is because you are looking for areas of improvement in your business. These areas of improvement may be cost, data analysis, productivity, compliance management, agility, errors, duplication, process automation and many more.
On most occasions, you end up investing in an ERP software because you want to increase productivity, reduce costs and automate processes that are currently manual.
Back in the day, a business owner used a business technique to do their economic analysis. They kept a ledger, a literal book of records to keep track of transactions. Then accounting evolved with the birth of the mainframe and later desktop computers.
Since start of the new millennium, ERP software entered the mainstream and now it is offered as a cloud solution too.
Step 2: Identify the Business Benefits
Next, think about what you need the ERP software for.
ERP software offers many benefits to any business running an efficient business. However, ERP software is not a magical solution to all your business problems, but it does make day-to-day business operations far easier. It is one of the most important software applications for businesses of all sizes.
Businesses can harness the power of ERP software to boost their productivity, efficiency, and ensure they meet the changing business requirements.
ERP software enables businesses to undertake digital transformation.
Modular ERP software is a complete suite or pack that comprises many different modules. Each of these modules has their respective functionality that helps in the overall smooth functioning of the business.
The advantage of using modular software is that it can be implemented in stages, which allows businesses to choose specifically what they would want to upgrade their existing system with.
With a modular Cloud based ERP solution in place, you can reduce your IT costs, have 24/7 access to your business information, improve your business processes, track changes in inventory levels, manage employees more effectively, manage your cash flow, and keep track of your customer relationships.
ZEST Cloudsuite has been designed to be modular, agile, simple and tailored to fit small and medium sized businesses in all industry sectors. This makes it simple for SMEs to understand and implement the software without unnecessary delays and costs.
If you want to discuss how ERP software from ZEST I/O can help your business, please get in touch with our team.