9 Best Strategies To Compare ERP Software From Different Vendors

The correct ERP system may significantly boost your company’s performance, whether you run a small operation or a huge chain of businesses. This may be the reason you intend to upgrade or implement an ERP system for your company.

In either case, choosing one is typically easier than choosing how to select.

Below, we provide the best strategies to compare ERP software from different vendors.

Step 1 – Company’s needs 

Finding the ideal ERP system for your business requires first understanding its requirements. Before beginning your search for the best ERP system, take into account your advantages, disadvantages, difficulties, and problems of the present and the future.

It will be simpler and less challenging to compare ERP systems once you have a clear understanding of what your organization requires today and in the future to fulfill its objectives.

Step 2- Start comparing 

Start by comparing the vendors on your ERP vendor list. You should consider the 9 items on the list below as you go through the process.

Modules 

The most important aspect to check off on your ERP comparison checklist is functionality. Consider the basic capabilities and characteristics of several ERP systems that are essential to your business.

Customization

Every company is different. Therefore, it’s crucial to assess the degree of customization offered by your ERP software because your company demands a specifically tailored ERP solution.

Customer support 

Most of the time, ERP systems are not plug-and-play simple. For this reason, you must ensure that the vendor you choose offers excellent customer assistance, from implementation to maintenance.

Scalability

Can it grow with your company as it expands? Does it possess the adaptability necessary to satisfy your needs for the foreseeable future in terms of new workers, markets, product lines, and advanced supply chain techniques?

Security 

Another crucial aspect to take into account when comparing ERP vendor offerings is the security features of the ERP system. Therefore, it’s crucial to inquire about password security encryptions and third-party integrations from your vendors.

Vendors track record

An ERP system’s performance shouldn’t be evaluated exclusively on the basis of the vendor’s standing. Make sure to look into their prior work and discover whether they have a good track record with clients.

Upgrades 

You can avoid unexpected charges and uncomfortable time demands in the future by having a comprehensive understanding of the upgrades to an ERP system. To get the best value for your money, make sure to compare your vendors based on the frequency, simplicity, and cost of the upgrades.

Easy to use

No matter how many features are included in the software, they are useless if the system merely serves to confuse matters. So, before making a purchase, consider how simple it is to use.

Cost

One of the biggest issues for the majority of firms is the system’s cost. To achieve the best return on investment, make sure to get accurate pricing information from vendors. In addition to the product, there may be additional expenditures for hardware, support, implementation, maintenance, and training.

To make the process of comparing ERP systems less difficult and daunting, follow the two steps above. Also, remember to include our all-in-one ERP system, REXOERP, in your comparison list.

We hope this article serves as a valuable resource to you and your organization when exploring ERP projects. Other articles you might find of interest or use in your ERP research include:
Mobile ERP And Top 10 Reasons To Implement it!
What Should A Company Expect From Their First ERP Implementation
7 Astonishing Ways Small Businesses Benefit From ERP

If you’re ready to learn more, contact REXO ERP or Techlene

REXO ERP offers customers a personalized, full-service experience by implementing business management technology. With a hands-on approach, REXO ERP helps companies get the most out of their software system through a hands-on approach. The team provides training, implementation, and customization. Headquartered in India and also in Australia, For more information, book a demo or reach us at info@techlene.com.