As we move closer to the year 2023, the world of enterprise resource planning systems has grown in leaps and bounds in recent years, with new systems being released on an almost weekly basis. 

However, with so many options to choose from, it can be difficult to decide which one is the best choice for your company’s needs. To help you find the ideal solution for your business needs, we’ve put together this handy guide to choosing the best erp system in Australia.

Step 1: Define your business requirements

Before you start looking at different ERP systems, it’s important that you first take the time to understand your business requirements. This will ensure that you choose a system that’s right for your business. 

To do this, sit down with key stakeholders from different departments within your company and ask them what they need from an ERP system. Make sure to get input from both operational and non-operational staff, as they will have different requirements. Once you have a good understanding of what your business needs, you can start looking at different ERP systems.

Step 2: Assess your current business processes

To select the best ERP system for your business, you first need to understand how your business currently operates. This means taking a close look at each of your core business processes and understanding how they work. Once you have a good understanding of your current processes, you can start to look at how an ERP system could help improve them.

Step 3: Evaluate how much investment required

It is important to first calculate how much investment is required to set up an ERP system in Australia. This will help you determine whether the system is affordable and also give you a realistic idea about payback periods. Additionally, you should consider how the system will be financed- whether through equity or debt. 

Generally, an ERP system requires a high initial investment but offers long-term benefits such as increased efficiency and profitability. Once you have decided on the amount of investment required, you should then evaluate different ERP systems available on the market. There are many different providers of ERP systems, each with its own unique offerings. It is important to compare these offerings and select the one that best meets your business needs.

Step 4: Do you really need an ERP system?

If you answered yes, then you may benefit from an ERP system. But before you start looking for an ERP system, it’s important to understand what they are and how they can help your business. 

An ERP system is software that helps businesses manage their day-to-day operations, such as accounting, human resources, customer relationship management (CRM), and supply chain management. 

ERP systems are used by businesses of all sizes, from small businesses to large enterprises. In fact, according to a study by Grand View Research, the global ERP market is expected to expand throughout the coming years.

Step 5: Select an IT solution provider based on experience, expertise, and integrity

When you’re ready to take your business to the next level, it’s important to choose an IT solution provider that has a strong understanding of what you need and can offer comprehensive support. Look for a provider with extensive experience in deploying ERP systems in Australia. 

They should also have a team of experts who are familiar with all aspects of the software and can offer support and advice when needed. Furthermore, they should be a company that you can trust and that has a good reputation.

Step 6: Prepare a clear communication strategy with your IT partner 

The decision to implement an ERP system is a big one and not one that should be taken lightly. There are a lot of factors to consider when selecting an ERP system, and it’s important to partner with an IT provider who can help guide you through the process.   

The best time to switch systems is when your current system has reached its full potential. How many years has your current system been running? Have there been any major updates or improvements made over the years? Does your organization have significant growth plans for the future? If so, it may be time to start looking at new systems. 

Another consideration is how well integrated your business processes are with each other. What type of data do you need to input into your CRM/ERP? How much manual data entry will be required after transitioning from legacy systems?

Step 7: Find a suitable cloud platform that meets your requirements

In order to find the best ERP system in Australia, you’ll need to identify a cloud platform that meets your specific business requirements. To do this, consider factors such as scalability, security, and customization. Once you’ve found a platform that checks all of your boxes, it’s time to start researching specific ERP solutions. 

It can be difficult to get an idea of which one will work best for your company, so we’ve provided some questions below that may help: 

  • What type of businesses are they targeting? 
  • What level of customization is needed? 
  • What size company will this product work well with? 
  • How is customer service handled? 
  • What are their strengths and weaknesses?

Step 8. Create digital assets 

The process of choosing an ERP system can be daunting, but it doesn’t have to be. Here are steps you can take to ensure you choose the best ERP system for your business in Australia. 

  •  Define your business requirements. 
  •  Research your options. 
  •  Consider ease of use and scalability. 
  •  Compare features and pricing. 
  •  Get expert input. 
  •  Make a shortlist of vendors. 
  •  Request demos and free trials

Conclusion

No matter what size your business is, or what industry you’re in, an ERP system in Australia can bring you a lot of benefits. But with so many different options on the market, it can be hard to know which one is right for you.  As long as you follow these guidelines and take into account all of the factors that are important to your business, then you should be able to find a great solution that will meet all of your needs.