- What is an ERP system?
The ERP system is an integrated software solution that supports the business by automating, standardizing, and optimizing key business processes such as production, finance, accounting, delivery, sales, service, marketing, etc. Through the platform, you manage all business documentation, improve the work efficiency of your employees, and enhance the quality of your services.
2. What does our organization need to prepare when we implement ERP?
The first step would be a concrete business process. Your company’s organizational chart should be well-defined with the different roles of each function and the process documentation. You will figure out exactly which apps your company needs based on that.
Afterward, you will need to establish a steering committee to manage the project. It can be internal, but that’s not mandatory, as their role will be to connect the management, end-users, and solutions provider.
The steering committee will also oversee customer listing, SKU, vendor listing, reports, etc. Finally, the team will also handle the test-to-production milestone.
3. What is the timeframe for implementing an ERP?
It depends on the modules (apps) being implemented. For example, time spent implementing an accounting module may be around one month, based on the assumption that the company knows what to expect and has data available right away. However, it’s important to have realistic expectations – sometimes it may take more than a year, even more, if the company has growing requirements, incomplete, incorrect data, or it is going through management changes. Each implementation requires strong collaboration between the client and the solution provider.
4. How do I consolidate financial data and operations of several companies?
A suitable ERP system can consolidate the financial data of several companies. Microsoft’s solution for small and medium enterprises is Dynamics 365 Business Central, while for large companies and holding – МS Dynamics 365 Finance & Operations. The second now exists in the form of apps that could be combined to best suit your company’s needs.
5. Is it possible to implement an ERP app without accounting because we already have an accounting structure?
Yes, although one of the core ERP functionalities is effective financial management. The integration of the financial operations into an ERP system will contribute to the faster and easier accomplishment of processes in many locations, currencies, legal entities, and companies. Additionally, it will support the accounting activities control and provide comprehensive information on the financial results.