The world of business has become more digitized and companies started focusing on innovative technologies that help them enhance processes and transactions, decrease cost. Nowadays companies are looking for a system that will handle massive workloads.
This is where resource planning systems come into effect. They integrate different subsystems into one huge system sharing one database. This process improves productivity, brings more profit if integrated.
Why develop an ERP software system?
Panorama Consulting Solutions developed the 2017 report highlighting ten reasons to implement the resource planning system into the business. Below we depicted the key reasons:
- 17% want to improve their performance in business by conducting and executing processes and transactions.
- 14% desire to automate reporting regulatory compliance operations.
- 14% tend to increase productivity by simplifying employees job.
- 13% are going to better integrate systems across multiple locations.
There was a 7% decrease in organizations wanting to replace old legacy systems, an 8% increase in organizations wanting to integrate systems across locations against that of last year.
Why is ERP software solution beneficial?
Overcoming the system inefficiencies, meeting business-specific goals are great ERP benefits. Below you can see some beneficial after-effects:
- Increases interaction and integration.
- Gives access to consistent real-time information.
- Enhances productivity and efficiency.
- Supports coordination across business functions/processes.
- Helps to make informed decisions.
- Reduces operation/labour cost.
Also, you can read: How to create HR CRM System for recruiters
How to develop an ERP software solution
Let’s consider the major steps that should be taken into account when thinking of resource planning software solution:
1. Start with the project vision
Any company thinking of resource planning system creation should start with a project vision that is the true north. Without the project vision, there is no direction and little chance to deliver a useful, working software product.
To select the right vision, stakeholders should ask themselves what positive change the system should bring, how it will shape an efficiency in the following modules: finance&accounting, production planning, administration, HR&payroll, sales and distribution, etc.
2. Determine the preliminary plan
Stakeholders/business leaders should clearly establish the preliminary plan of the system. This implies working out what they want to develop and how they are going to do it, identifying whether they are preparing a straightforward and simple project or a long-term project that will help to predict effective and successful system delivery.
3. Make an informed decision: out of the box or custom ERP product?
Stakeholders/business leaders should answer whether they want to select an out-of-the-box solution or use a customized software product. It is desirable to conduct a preliminary research online or just contact vendors of the resource planning systems when responding. This helps to identify a good fit.
4. Collaborate with the right team
DDI Development company strongly suggests to review the IT provider’s portfolio, then choose a dev team. Ideal dev team should meet the following:
- Greatly experienced in delivering products you are interested.
- Clearly understanding the requirements.
- Reasonable time for development.
- Great communication process and daily reporting.
5. Find out the price
Comparing and understanding the different systems price is a challenging task. Stakeholders/business leaders should keep in mind the project cost depends on a number of modules need to be built. The middle development price varies from $50 per hour to $250 per hour. To know the final cost, IT service provider should be asked for the exact cost based on the precise estimation.
In today’s connected world, any company requires flexible, user-friendly software product that supports crucial business strategies/processes. Delivering an ERP system is a highly complex process having some beneficial after-effects. We have provided an implementation results below, in which 70% respondent organizations characterize their implemented project as a success while 26% respondent organizations report about their project failure.
At DDI Development, we offer custom resource planning software solutions development that will help in planning, automating, collaborating, and executing operations within the company. When implemented, it enhances operations efficiency, simplifies processes, transactions, and makes employees life easier.