How to Build a Business Case for a New ERP Solution
"Beyond the most basic, the choice to implement a new ERP solution requires expertise." Today's post-modern ERP Software solutions are more prosperous and more adaptable – and provide ROI in various direct and indirect ways. For many firms, the problem is going through the mass of information available, combining current operational data, estimating future performance indicators, calculating ROI, and then building the business case using that understanding. Isn't it challenging to work on? But working is vital. No ERP program should proceed without a thorough analysis to verify that its scope is well-defined, its budget is precise and complete, and its goals connect with its objectives. And no clearance should be granted unless the ROI and payback period has been determined and understood. Nonetheless, many firms forego developing a comprehensive business case because they see it as merely an investment in technology. Steps to Building a Business Case 1. Ident...