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ERP Selection

Header quotes The first Challenge of your Project Header quotes

Evaluate your
ERP Vendor's Prospects
for Continuity even better 10 Questions that will help you with this

The selection, commissioning and implementation of business software is always a long-term project, a project that is also associated with long-term investments. This is precisely why it is important not only to pay attention to the technological aspects when selecting ERP, but also to consider the market position of your preferred vendors. Specific questions ❓ will help you evaluate this. ⭐⭐⭐⭐

Technology is not the only Ingredient in your Recipe for Success

When selecting a new ERP solution, many companies tend to focus too much on functions and features. And on the technology. Of course, functionality is an important selection criterion, but you should also look a little further into the future.

To what extent are the vendors on your shortlist able to design their solution to meet your needs over a longer period of time? How good is their profit potential, enabling them to invest in Research and Development (R&D) on a sustained basis?

10 Relevant Questions to assess the Long-term Potential of ERP Vendors

Here are some important questions to help you assess the future viability of each ERP vendor on your shortlist.

  1. How many companies are currently actively using the ERP solution?
  2. How has this number developed in the last 12 months?
  3. In how many countries in the world does the vendor have customers?
  4. For how many countries in the world has the ERP solution been localized?
  5. In how many countries does the vendor have certified implementation partners?
  6. In how many countries does the vendor offer local helpdesk support (language, culture, time zones)?
  7. What is the annual R&D budget?
  8. Is there a publicly available roadmap for the product?
  9. Does it only offer ERP solutions? Or an IT platform with integrated ERP solution?
  10. What were the financial results in the last financial year?
Ranking
Does your ERP vendor have long-term potential?

The Market Position of your Vendor as a Solid Basis for Evaluation: what are the Future Prospects of your ERP System?

The answers to these questions will help you to assess the (future) market position of the vendor of your choice. Will it be able to survive financially for the next ten years?

On this basis, you can then much better assess the chances of a rosy ERP future with continuous support, renewal and groundbreaking innovations.

What good is the best solution if it is no longer developed shortly after go-live? Or if it no longer exists? After all, you’re not buying the new system to use it for just a few months, are you?