What is an ERP System? 

ERP stands for Enterprise Resource Planning. It refers to a type of software that organisations use to manage their day-to-day activities. This includes a range of processes such as accounting, procurement, project management, risk management, compliance, manufacturing and more. 

The goal of ERP software is to streamline these processes and information across the organisation to facilitate better decision-making and efficiency. ERP systems often integrate various facets of an organisation's business processes into one unified platform, providing a centralised database and a common set of tools. 

Which ERP system you chose will largely depend on the type of business you have and what your business needs are. 

Here are some of the factors you should consider when choosing an ERP:

• Define your business needs 

• Set a budget 

• Scalability – chose a product that can grow with your business 

• Industry specifics – is there an ERP that is already tailored to your industry? 

• Cloud vs. On Premise 

• Integration capabilities 

• Is it easy to use? 

• Vendor reputation and support 

• Compliance and security 

• Customisation 

• Demo and trial 

• Total cost – not just implementation but maintenance, upgrades and ongoing support 

By carefully considering these factors, you can make a more informed decision when choosing an ERP system that aligns with your organisation's needs and objectives. Additionally, involving key stakeholders and users in the selection process can contribute to a smoother implementation and higher user satisfaction. 

Common systems that are used in the UK are: 

• SAP 

• Oracle 

• Microsoft Dynamics 365 

• Netsuite 

• Infor ERP 

• Epicor ERP 

• Sage ERP 

• IFS Applications 

• Unit4 ERP 

• Syspro 

At Source & Connect, we provide advisory resource to evaluate your organisation professionally and advise on the best ERP to suit your needs. 

If you would like to have a discussion, please get in contact with Sarah Moody on 02381 850 001.