Whether you’re a small business, multinational company, a team of tech-savvy millennials, or more old school professionals – it can be overwhelming to narrow down all of the ERP options available to find the software solution that will best help you meet customer needs, compete efficiently and maintain steady growth. The first step in the ERP selection process is establishing a list of your core requirements in an ERP software, before implementation. This week, we’ve curated a list of a few of the must-read articles on the most critical requirements to keep in mind when selecting an ERP solution in 2019.
5 Features Millennials Want in an ERP Software Solution
According to the Pew Research Center, millennials make up the largest generation in the labour force today. If you’re currently considering implementing a new ERP software solution, keeping your millennial demographic is critical in ensuring a streamlined implementation process and subsequent user adoption.
The cloud and mobility
Cloud ERP solutions are fully mobile, which means the applications can be accessed by users in the office, out in the field, from home, or while on vacation – at any time. This constant connection resonates with millennials who tend to value variable working conditions and flexibility.
Millennials have grown up with innovative and user-friendly technology. As a result, usability in an ERP solution is important to them. They expect a cloud ERP solution with an efficient, easily navigated and configurable interface.
Another way personal technology has affected millennials and the cloud ERP space is the new expectation that they should be able to use a system without days of training. They are used to technology to be ready to use right out of the box. If it isn’t, user adoption will most likely be more challenging.
With personal devices giving them constant access to information, millennials have no patience for sifting through spreadsheets and KPI reports. They expect their ERP solution to provide them with easy access to reporting and analytics that provide large amounts of data in real-time.
Texting and instant messaging have opened the door to communicating without lag time. The cloud ERP solution you choose should encourage integrated and collaborative interaction between users.
Most Important ERP Software Solution Requirements for a Small Business
The most important requirements to look for in an ERP solution depend on the particular business it will be applied to. For example, a distributor will most likely look for a distribution management solution with supply chain management capabilities. While another company that provides a service might be unconcerned with inventory management modules. Here are a few of the requirements that every small business should keep in mind when looking for an ERP software solution, no matter their industry.
Ease of use
You might be tired of hearing the term usability, but it is a requirement that all businesses will agree on. Given that most companies opt for an ERP solution to increase efficiency and gain greater functionality – having a system that is easy to use is a must.
Small businesses that plan to grow must look beyond today’s immediate needs and select an ERP that will satisfy tomorrow’s needs too. Your ERP solution should be ready to use now and scale over time to provide the needs of the larger version of your business.
Every business has requirements for compliance with environmental and tax laws, and many have customer requirements and trade association rules to comply with as well. Be sure that the ERP you choose for your small business helps meet those requirements.
Case Study: Acumatica Cloud ERP Exceed’s ProPharma Distribution’s Requirements & Expectations
ProPharma Distribution is an independent wholesaler that provides medications to the surgical care industry. Their emphasis on service includes cultivating supply chain partner relationships to ensure competitive distribution services. Due to the nature of their services, ProPharma needed a solution with complex order processing measures and government-regulated tracking and compliance requirements. They also needed a modern, cloud-based ERP system that could streamline their business management needs, and scale with them as they grew. When ProPharma implemented Acumatica they shaved off hours of labour and reduced the stress of manual processing. With Acumatica, ProPharma has not only streamlined and automated their business management processes but is almost to the point of making their FDA Pedigree tracking fully digital, thanks to their partner’s custom-crafted software using Acumatica’s powerful cloud xRP platform.
“Acumatica has provided a consistent, up-and-running environment with no downtime, which translates into our ability to focus on the business. We now have one environment and one database that we can access from anywhere.”
– Charles Snyder, Head of IT, ProPharma Distribution
Interested in how Acumatica meets YOUR ERP software solution requirements? Contact our team today to learn about our cloud ERP solution, which was rated highest in Usability by Nucleus Research and the recipient of the 2018 SIIA CODiE Award for Best Cloud ERP Solution and Best Manufacturing Solution in 2018.