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You’ll be glad you crunched the numbers. 

Because calculating the Total Cost of Ownership (TCO) of the ERP systems you’re eying will do the following for you:  

• Define the company-wide impact of the project 

• Attach a number to the capital and resource investment you need to plan for

• Identify progress toward your ERP ROI.

Now that you’ve taken the smart step of accelerating your digital transformation with an ERP system, you may be asking yourself a big question: “Do I really want to do this by myself?”

You wish you could simulate the ERP implementation process. 

A simulation, like the demos of the ERP systems you’re evaluating, would provide a valuable walk-through for the actual experience. After all, the implementation’s big investment of time, money, and energy makes it the riskiest part of an ERP project.

Raw data bombards you all day.

As the financial leader of your small or medium-size manufacturing business, part of your job is to make sense of it, transform it into actionable insight for your executive team, and help all your colleagues make better decisions.

When you’re shortlisting ERPs for your food processing business, what key features should you look for?

Your team, of course, is consulting your list of requirements. But remember, as a food processing business, you have special operational requirements. So you want to make sure your shortlisted ERPs have the particular features essential to supporting and simplifying growth in your industry.

Your company president sees the cloud ERP implementation you propose as a cost, an expenditure that will reduce the SME’s bottom line.

But as the financial leader of the company, you clearly see it as an investment, an outlay of capital and labour whose ROI will significantly increase the productivity and value of the business.

So to move the company forward, you need to build a business case for your boss. The following discussion offers a broad outline of the areas to look at in your business when building your case.