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Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals
10 Best Practices for Optimizing the Lifetime Value of your ERP Investment
• Understand how to avoid inherent barriers to ERP implementation success
• Discover actionable advice for the proper alignment of people and processes in executing an ERP implementation plan
• Understand how to build a partnership with your ERP vendor and consultants to maximize the lifetime value of an ERP investment
• Discover current and emerging trends in ERP solutions
Learning Objectives
After attending this event you will be able to:
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Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals
10 Best Practices for Optimizing the Lifetime Value of your ERP InvestmentMatt Kenney, Principal of the Technology Consulting Practice, McGladrey
Agenda for today
• Why managing ERP matters to your organization and your career
• Best Practices across ERP lifecycle– Choosing the right system– Implementing Successfully– Optimizing and Enhancing
Why managing ERP matters
Source: 2014 McGladrey Monitor Report
Why managing ERP matters
• ERP is increasingly the domain of finance rather than IT
• ERP is a key tool for improving performance– Must measure in order to manage– The right task at the right time by the right person– Automation drives efficiency and accuracy
• ERP presents inherent risks that must be managed– Obsolescence – Data Security– System Failure
• Managing ERP is integral to improving performance and minimizing risk for your organization
Choosing the right system
Best Practice #1 – Start with strategy• What is your business objective?
• What obstacles must be overcome?
• How can business applications help?
Choosing the right system
Best Practice #2 – Define scope
Choosing the right system
Best Practice #3 – Determine where you’re special – and where you’re not.• Which current business processes are
standard and which are unique to your organization?
• Why are processes not standardized? Competitive advantage or bad habit?
• Do you need an industry-specific solution?
Choosing the right systemP
RO
SC
ON
S
Vertical Solutions Horizontal Solutions
Functionality developed to meet your niche
Industry Expertise Implementers understand your
companies unique needs
Large install base Better Financial core More add-on vendors Usually more current technology Usually more consultants
available
Technology may be dated Smaller customer base to use to
make investments – Less R&D Less flexible solutions if your
company changes Typically have weaker financial
packages
Might not meet needs of your specific industry – need to rely on add-on solutions
Implementers may not be familiar with your industry
10 Best Practices for Optimizing the Lifetime Value of Your ERP Investment
Thank you for your interest in this presentation.
View the on-demand webinar or download the full presentation at:
www.Proformative.com