Implementing a new ERP solution can be a company-changing decision, so it is vital to get it right. Our current series of articles has been designed to work in tandem with our ERP Evaluation Checklist to help businesses make this important decision. Previous articles have looked at the ERP aspects Technology, Functionality, and Productivity. Today we look at Value.
THE BOTTOM LINE- TOTAL COST OF OWNERSHIP
The Total Cost of Ownership (TCO) is a measure of how much investment will be required to power the solution for the expected lifetime of the platform. This includes upgrades, licenses, support, and hardware. While keeping costs low is naturally a concern, the cost to value relationship should be carefully considered. A modern, agile solution will be cloud-based, eliminating the need for on-site servers, preserving capital for other business needs. Top of the line solutions also offer flexible licensing options, creating additional financial freedom.
FLEXIBILITY IS KEY
As in many of our other considerations, a solution’s adaptability and flexibility are of major concern. A top-line solution will offer scalability, allowing for easy growth while still saving money because companies will not be paying for more than they need. This flexibility should also extend to deployment options. Top-tier solutions, such as Acumatica, offer businesses a choice in how your solution will be housed: on site, public cloud, or private cloud.
PAY FOR WHAT YOU USE
The best solutions will charge businesses on the resources they use, not on the total number of users. This eliminates unneeded stress on businesses, as they no longer have to pick and choose who can have access without breaking the bank. It also allows businesses to empower their employees by ensuring everyone has access to the top of the line tools to ensure quality work.
For more considerations check out our PREVIOUS ARTICLES, and for a downloadable checklist of how different solutions stack up visit https://info.nexvue.com/checklist/, and stay tuned for our final article of the series where we examine Risk.