ENTERPRISE RESOURCE PLANNING (ERP)ORACLE / NETSUITE
Enterprise Resource Planning (ERP) software is the cornerstone of any complex organization’s suite of tools and digital transformation ecosystem. Tracking accounts receivable, accounts payable, general ledger and billing along with a host of other crucial business information should be performed in the most efficient and accurate way possible.
Enterprise resource management solutions offer an integrated view of your core business functions from supply (manufacturing, operations, and personnel) to demand (sales, service and fulfillment). ERP software allows cross-department data visibility and ensures a single source of truth for business operations: orders, production, supplier and vendor management, and financial management.
The decision to pursue a new ERP system is typically driven by an increase in the overall complexity of the business (be it planned or unplanned, sudden or cumulative) that in turn exceeds the organization’s current system capabilities.
Critical indicators of the need for your organization to invest in a new ERP system include:
New functional requirements
A new ERP system can help you manage the new requirements driven by business growth, M&A activity, and new business models
New technical accounting requirements
If revenue recognition, amortization and depreciation method requirements can’t be met with your current financial solution, look to an ERP system.
New global operations
If your multi-currency, multi-language and/or multi-entity consolidation requirements exceed your current system capabilities, seek a flexible, dynamic ERP system.
System integration requirements
The use of relevant, industry-specific third party applications requires easy integration with your general ledger – a new ERP can deliver seamless integration with multiple systems.
SOX compliance requires role-driven permissions, configurable segregation of duties, audit trails and other IT controls a standard general ledger can’t provide.
Too many spreadsheets
When Excel spreadsheets are your system of record, auditors frown on it, management doesn’t trust it and teams waste too much time manipulating and managing data.
Protominds experts integrate with your organization to map your critical business processes and customize the ERP solution that will best meet your needs. Our teams of functional and technical experts work very closely with your teams and utilize their experience to ensure a smooth transition from your current system of record to a powerful, integrated ERP software solution. Contact us today to learn how we can customize a solution to meet your unique business needs and achieve your digital transformation goals.
Below are the preferred ERP software options recommended by our experts
A business solution that supports financial, operational and administrative processes of multi-entity, multi-location, enterprise organizations.
Fast, economical and versatile cloud-based accounting software. Connecting the many moving parts of your organization, giving you better visibility into and control over what’s going on in your business.