Many companies adopt ERP for the first time when they realize their entry-level accounting software lacks core functionality, scalability and just isn’t giving them the visibility they need. But ERP software systems help you manage much more than financials.
An ERP system is developed in a modular way, with applications covering such diverse areas as Trading & Service Management, manufacturing management, distribution logistics, CRM, order management, e-commerce, product lifecycle and engineering control, scheduling, and inventory and warehouse management.

When it comes to change, pain is a great motivator. Maybe it’s taking longer every month to reconcile your financials or you’re increasingly basing forecasts on guesswork. You have no real idea how much stock you have on hand, so it’s hard to be demand-driven. Increasing compliance regulations are tying you in knots.

Here are five common signs we see from companies ready to consider a new ERP software system:

• Decision time has doubled. Time spent looking for information has increased dramatically.
• Working capital has increased. Too much money is tied up in inventory and inefficient processes.
• Redundant, disconnected software programs. You need to reduce IT complexity and unify your various front- and back-end systems with a single database – and get to one version of the truth.
• Customer experience is suffering. If you can’t deliver what customers want, as fast as they want, to the right locations, you could lose to competitors. The right ERP system can provide visibility and agility to be more customer responsive and reduce errors.
• Growth and expansion. If your current system can’t scale up, handle global needs, or support new business lines, it’s time to consider a change.

The implementation timeframe varies depending on the modules being implemented. In our experience, we can implement as early as one month for an accounting module. This is based on the assumption that the user or the company already knows what to expect and have necessary data available right away.

There are implementations that take a year or more especially if the organization has growing requirements, incomplete or incorrect data provided and/or management changes. But this can be shortened by having a strong collaboration between the internal steering committee and the solutions provider. Both should have strong background and experience in implementing ERP.

Data migration and historical data transfer is typically agreed upon during our pre-selling stage. In Vertics, we can commit to migrating master list of data such as users, customer & supplier master with opening balance, chart of accounts & inventory items..