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7 key ERP implemantion challenges and risk

An ERP implementation is au00a0multi-phase projectu00a0that includes redesigning businesses processes to take advantage of the new systemu2019s capabilities, configuring the software, migrating the organizationu2019s data and training users.<br>The process typically takes a few months and can take up to a year at large organizations. <br>Itu2019s usually managed by au00a0project teamu00a0that includes stakeholders from all functional groups in the company.<br>

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7 key ERP implemantion challenges and risk

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  1. 7 Key ERP Implementation Challenges And Risks

  2. Introduction • An ERP implementation is a multi-phase project that includes redesigning businesses processes to take advantage of the new system’s capabilities, configuring the software, migrating the organization’s data and training users. • The process typically takes a few months and can take up to a year at large organizations. • It’s usually managed by a project team that includes stakeholders from all functional groups in the company.

  3. 7 Key ERP Implementation Challenges

  4. Project Management • ERP implementations entail multiple phases: • Discovery and planning, design, development, data migration, testing, deployment • Each phase brings critical tasks, and all elements need to stay on track, which requires meticulous project management.

  5. Project Planning • One of the most common causes of budget overruns is scope creep—when a business adds capabilities or features to the system that weren’t part of the original plan—and another is underestimating staffing needs. • A realistic project plan that acknowledges possible speed bumps and minor cost overruns and addresses them in advance will simplify that decision-making process and keep the project on track.

  6. Data Integration • One of the key advantages of ERP is that it provides a single, accurate source of data for the whole organization. • A key step in ERP implementation is data migration, which typically involves moving data from multiple older systems into the ERP database.

  7. Data Quality • Multiple departments interact with the same customers, products and orders, organizations often have duplicate of the same information in their systems. • The information may be stored in different formats; there may be inconsistencies,addresses or name spellings; some information may be inaccurate • Ensuring data quality can become a sizable project on its own, involving validating the data, cleaning out duplicates and adding missing values before migrating data to the ERP system

  8. Change Management

  9. Cost Overruns

  10. Continuous Improvement • An ERP implementation is not a one-off effort that ends when the new system goes live. • The solution must continue to evolve to support new business demands and technology. • Project team needs to continue to manage the project after deployment, fixing issues and supporting new requirements as they come up.

  11. Our Services • Don’t know where to start while deciding to shift to a more advanced ERP system? Confused about the customization capabilities of different ERP softwares? Not sure how to estimate the costs involved, and what to check in the product demo? • We’ll take the stress out of project managing your ERP implementation by: • Helping you pick a suitable ERP software (after assessing your business needs and requirements) • Negotiating license costs with the implementation vendor. • Preparing your team for change management (which is no joke). • Creating BRD and automating processes – you can rely on our expertise to implement the perfect ERP for your company. • Evaluate How to Optimize the Functionality & Cost of Your ERP with our ERP migration consultants, Book your FREE call Now at below link- https://contetra.com/erp-implementation-solutions/

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