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INDUSTRY SPOTLIGHT: Retail Resolving the software pain points in a retail business can span a large range of purchasing and selling channel-focused software solutions. At their core, retailers must have an order management system. Customer service phone representatives, sales reps in the field, and internet customers all need to have insight into inventory availability. The online store itself is a software puzzle that can take a bit of decoding — is it for consumers only? Other businesses? Channel partners, distributors, or some other combination, requiring different item catalogs with different prices and discounts across sales channels? The ease with which an order can be entered or moved to fulfillment becomes a key point for automation as a retailer grows. And with so many channels and distribution points, purchasing and warehouse management software must elegantly tie into the software ecosystem. ERP Advisors Group can help your retail company strategize and implement a roadmap for these types of software initiatives.
Is there a way to guarantee ERP implementation success? When it’s time to go live, there’s no turning back. You just spent a lot of money on new enterprise software systems, so they better work. As we say goodbye to 2020 in this holiday season, find out what you can do to give yourself the gift of a successful go-live.
Give Yourself the Gift of a Successful Go-Live
INDUSTRY SPOTLIGHT: Real Estate and Construction https://www.erpadvisorsgroup.com/industries When we meet real estate companies, we immediately know we are dealing with a very different set of requirements than most commercial organizations. Construction, property developers, property managers, REITs and similar companies who are replacing legacy best-of-breed software should carefully vet the software and implementation resources before committing to a contract. Real estate-specific requirements do not natively come with most out-of-the-box ERPs. Requirements like work orders, progress billings, construction in progress, or job purchasing should be carefully checked. We can prevent mistakes made during the ERP selection process with our advisory approach where we define your unique business requirements. We will ensure that not only is the software vendor capable of handling your requirements, but we will also ensure the implementation partner is experienced in your industry before we will let you sign any contracts.
INDUSTRY SPOTLIGHT: Private Equity We help private equity firms with a variety of software advisory services. We perform pre-purchase analysis of the acquisition's ERP system for feedback and costs needed to update the systems, as well as helping with negotiations. Additionally, when PE firms make new acquisitions, the acquired company may need new systems. We work collaboratively with the operating company to find the best solution for their strategy. This could include evaluating a stand-alone system or assist with a roll-up strategy into the holding company’s existing systems. We can also help negotiate software deals with vendors that cater directly to Private Equity firms, thus saving our clients significant recurring fees.
Industries We Serve
INDUSTRY SPOTLIGHT: Nonprofit The only constant among nonprofits is that they do not operate for profit! Some nonprofits require Fund Accounting or Donor Management, while others do not. For some nonprofits, the least important software is their general ledger and financials — while for others, the financials and budgeting & planning are their most important applications. Still others have complex donor management and reporting requirements. And even others need help implementing the back office admin necessary to keep all of their programs running. ERP Advisors Group has worked in all of these and many other scenarios. Our past nonprofit experience will help us get your organization the best software package, preserving more of your organization’s bottom line for its mission-driven programs.
INDUSTRY SPOTLIGHT: Mining The software dilemma for Mining companies is to balance high software costs during the exploration phase — when capital is tight while only using half of the software functionality — with the need for full ERP functionality once they hit production. Legacy mining software applications require expensive technical resources for maintenance, taking capital away from the operations where it really needs to go. Miners also have complex international accounting, remote connectivity, and localization issues to take into consideration with their software purchase. Finding the right balance of implementing enough software to handle the exploration requirements while providing a platform for future operations is the sweet spot that miners want to find. ERP Advisors Group has done this for start-up and established mining companies.
New article now live on our website: While expensive ERP failures can make for sensational news, we like to look at what can be learned from such stories, with a focus on ERP implementation success.
Learning from the Most Expensive ERP Implementation Failures in History
Industry Spotlight: FINANCIAL SERVICES Financial Services may only need a modern flexible general ledger to relieve back-office staff from manual processes and consolidations. Other times, they may need intricate reporting and analytics to pull together information across multiple lines of business applications; and still other times they may need a tool for customers to access their account, statements and documents. We can help your FinServ company to find the right tool without overbuying software you won’t need or use.
Industry Spotlight: ENERGY Having the right software to handle large capital projects, complex international accounting, regulatory compliance, and intricate asset management is a major differentiator for energy companies. Energy companies are looking to replace manual processes in the field and in their operational process with software solutions that can provide faster insights into actual costs. This allows management to make better and faster decisions, especially in rapidly-changing commodities markets. ERP Advisors Group can help energy companies differentiate the rich functionality of best-of-breed industry solutions against general ERP solutions that provide more of a platform play for the future.
Industry spotlight: AGRICULTURE Agriculture companies frequently find themselves outgrowing their industry best-of-breed software and relying on maintaining many spreadsheets outside of the system. Additionally, they are typically using on-premise software that is not accessible to remote offices or staff, which in turn leads to concerns about remote connectivity and disaster recovery. While some Agriculture companies must utilize industry-specific software, we have also found that a general software approach often works for back-office procedures that are common across most industries. We have helped livestock and agriculture companies evaluate and implement such solutions that provide a platform for growth using the most modern technology and security, without abandoning what is unique to their industry’s business processes.