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ERP Software Selection Checklist
If you are planning to implement an ERP system, these are the areas to consider:

IS THE SOFTWARE EASY AND COST EFFICIENT TO MODIFY AND MAINTAIN AND DOES IT ENABLE STEPWISE IMPLEMENTATION?
The software must enable you to tailor it to fit your special needs over time in a way that doesn’t impede upgrading to the latest release to benefit from new innovations available in the core product. Implementing an enterprise resource Planning (ERP) system can be expensive and disruptive to your business, and carry a lot of risk. To avoid this, choose software built on components that allow you choose only the ones you need, and add new ones as you progress.

CAN THE SOFTWARE BE IMPLEMENTED AS A GLOBAL, SINGLE-INSTANCE APPLICATION?
You can achieve major benefits from running your business on a single application, preferably in the same global single instance of that application. This reduces complexity and cost while providing insights and analysis at much faster speed. It also enables you to manage employees around the world, regardless of location or reporting structure.

CAN THE SOFTWARE BE EXTENDED AS BUSINESS DEMANDS CHANGE?
An ERP system is a platform for business innovation over time. Following the upgrade path ensures that you will benefit more from your existing investment as new product features are continuously developed and made available through the product maintenance fee. The system should also facilitate business development without business disruption so you can introduce new components without affecting existing ones. Depending on the level of modification complexity, you should be able to decide whether you would like to make the change yourself or with help from the vendor or its partners.

DOES THE SOFTWARE PROVIDE DIFFERENT DEPLOYMENT OPTIONS?
Single instance, on-premise enterprise systems are rapidly being transformed into cloud deployment models, or hybrid models that are a combination of cloud and on-premise solutions from multiple vendors. You should consider your need for a software solution that enables full-suite deployment or deployment as either the backbone or point solution for key processes in a two-tier application strategy.

DOES THE ERP VENDOR’S R&D ORGANIZATION INCLUDE A WORKSPACE TO DRIVE DISRUPTIVE INNOVATION?
Ask the software vendor how they work with the innovation selection and development process, and also how you as the customer can influence product development to secure future versions of the software that will help you retain your competitive edge? It is important to request customer reference calls and site visits to learn from other customers’ experiences of implementing and using the software, and to verify their experiences of collaborating with the vendor’s implementation staff, product development department, and partners.

ERP is a technology strategy that integrates a set of business functions, such as finance, HR, and purchasing, with operational aspects, such as manufacturing or distribution, through tight linkages from operational business transactions to financial records.

To find out how IFS Applications prepares you for what’s next, visit IFSworld.com

About IFS
IFS  develops  and  delivers  enterprise  software  for  customers  around  the  world  who  manufacture  and  distribute  goods, maintain assets, and manage service-focused operations. The industry expertise of our people and solutions, together with commitment to our customers, has made us a recognized leader and the most recommended supplier in our sector. Our team of 3,500 employees supports more than one million users worldwide from a network of local offices and through our growing ecosystem of partners.