Implementing an ERP system is big moment for any business. It signifies that the business has been growing and is ready to take the next step. A successful implementation can set a solid operational foundation to focus on growth for many years to come. At the same time, an unsuccessful one can lead to major delays, inefficiencies and costs.
Because of the impact that an ERP implementation project can have, it’s important to ensure that best practices are followed while planning and executing an implementation. Here are 6 of them:
1. Your project team is the no.1 factor
Numerous case studies show that having a good implementation team is the most influential factor in a successful implementation. Typically, a good team has members who understand business processes well, work well with members across departments and have executive support.
2. Find an experienced ERP partner
Most internal project teams need help from experts during the process. Find a partner with adequate experience with the ERP system you’re going to install, shareable references and the ability to understand your business processes.
3. Create an exhaustive plan of action
Begin the implementation process by gathering requirements, setting goals and making an exhaustive list of action items. Typically, your ERP partner takes responsibility for creating the plan of action and making sure that it is followed.
4. Define KPIs to measure impact
Having determined project requirements, it will be possible to define important KPIs, which will measure the success of your ERP implementation. For example, these KPIs can include total sales, average purchase price, conversion rate, turnover times, etc.
5. Schedule and project management
An ERP implementation can take anywhere between 3 months and 1+ years. It’s important to schedule hours accurately and then to manage the project accordingly. Align the project with high-level business needs and make sure senior managers and key stakeholders are able to provide input within the time frame.
6. Plan data migration meticulously
ERP implementations usually involve consolidating data from a variety of applications. Plan the different phases of your data migration to avoid losing or corrupting data. Again, your ERP partner should help you with this.
If you’re looking for a partner to help you plan and execute an ERP implementation, contact us! SoftArt helps businesses through ERP selection, implementation and ongoing support.