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5 Reasons Why Your ERP Selection is Critical

Posted on 24 November 2016 by Louise Thompson

louise_5_reasons_why_your_erp_selection_is_critical.jpgLet’s face it: being a CFO these days is not what it used to be. The role of the chief finance function has evolved beyond the narrow financially-centric viewpoint. Today, it involves providing strategic visionary leadership alongside the CEO.

Financial tools that once worked are now falling short for meeting these changing needs, which now include deeper insights into business intelligence, metrics, reporting and analytics all in real time and at your fingertips.

So what are your options? Sound investment and selection of the right ERP solution is a game changer for this new brand of strategic CFO. It can provide a powerful way to gain sharper insights that drive both the company’s growth and bottom-line agenda.

Here are a few of the benefits that accrue from having the right ERP solution:

  1. End-to-end company visibility – Of all key fundamentals: financials, inventory, operations, sourcing/supplies, service/support obligations and statuses, etc.
  2. Decision-making support – Access to data, metrics and reporting provides the ability to act on all of this critical information quickly and with favourable profit and cost ramifications.
  3. Customer/market responsiveness – Trends, issues and/or sales or service opportunities are quickly identified and made actionable.
  4. Business Process Automation – removing manual processes and inserting standardized alerts on key performance indicators can be the difference between running in the black or the red.
  5. Auditable compliance with government/industry/financial/customer/partner regulations – This can range from legal regulatory reporting to product recalls and adherence to contract terms.

In these uncertain economic times, today’s financial heads are increasingly aware that their effectiveness is extremely compromised without a comprehensive and highly-integrated set of technology tools at their fingertips. A strong, integrated technology foundation that is created by the right choice of ERP can assist manufacturers and distributors to rise to the next level of growth.

 

Topics: Selecting ERP


Louise Thompson

Louise joined SYSPRO in 1985 and has been closely involved in the company’s product development as well as providing services to the six global SYSPRO offices. Her role in SYSPRO forms the link between development and the global marketplace with her goal to empower the SYSPRO offices, resellers and customers through the provision of the right service and support. Louise and her team are responsible for providing product support, training material, SYSPRO certification, and knowledge transfer to customers, either directly or through the SYSPRO offices and resellers.

Given the extensive nature of an ERP system Louise is of the strong belief that the support and services provided by SYSPRO must simplify the customer experience.

 

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