{"id":1678,"date":"2019-02-11T09:30:26","date_gmt":"2019-02-11T09:30:26","guid":{"rendered":"https:\/\/www.sphinx-solution.com\/blog\/?p=1678"},"modified":"2025-09-24T11:54:50","modified_gmt":"2025-09-24T11:54:50","slug":"erp-software-solution-for-your-business","status":"publish","type":"post","link":"https:\/\/www.sphinx-solution.com\/blog\/erp-software-solution-for-your-business\/","title":{"rendered":"ERP Software for Business: Tips to Pick The Right Strategy"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Looking to increase efficiency and promote collaboration in your organization? You need an <a href=\"https:\/\/www.sphinx-solution.com\/custom-software-development\/\"><strong>ERP software solution<\/strong><\/a> to bring about your goal. Here\u2019s the in and out of <strong>developing an ERP software<\/strong>. <\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">While 90\u2019s analyst foretold the demise of the <strong>ERP system<\/strong>, it has reinvented itself to offer more value. ERP was condemned for its complexity and difficulty to modify without expensive and time-consuming coding. However, the whole scenario has changed in a relatively short period. <\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">In case you want to revise its definition, here it is: <\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">According to Webopedia, \u201c<strong>Enterprise resource planning (ERP)<\/strong> is business process management software that allows an organization to use a system of integrated applications to manage the business and automate many back-office functions related to technology,&nbsp;services, and human resources.\u201d<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">With the advent of the technology revolution, the cloud-based and web-based ERP brings to the table more competitive advantages. &nbsp;<\/span><\/p>\n\n\n\n<div class=\"callout_box\">\n<p class=\"call_heading\">Looking for ERP Software Solutions?<\/p>\n<p>Scale Your Business with Our Comprehensive Range of ERP Software Solutions\n<div class=\"sec-btn\"><a href=\"https:\/\/www.sphinx-solution.com\/contact\/?utm_source=website&amp;utm_medium=blog-erp-software-solution-for-your-business-tips-to-pick-the-right-strategy&amp;utm_campaign=talk-to-expert\" target=\"_blank\" class=\"btn btn-green btn-pos hvr-ripple-out mb0 mt15 newsletter-green open-qouteform\" data-medium=\"B_1\" rel=\"noopener\">Talk to an Expert<\/a><\/div>\n<\/div>\n\n\n\n<h2 id=\"what-is-cloud-based-erp\" class=\"wp-block-heading\"><b>What is Cloud-based ERP? <\/b><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">It is a full suite solution with all the essential modules, where the enterprise pays as per the usage or a monthly fee for hardware and software used. In this case, the software and database reside on the vendor\u2019s servers or at a third-party infrastructure and the <strong><a href=\"https:\/\/nestorbird.com\/erp-selection-checklist\/\" title=\"\">ERP system<\/a><\/strong> is accessed from remote connections. Cloud-based ERP is best suited for small, medium and even large scale businesses. <\/span><\/p>\n\n\n\n<h2 id=\"what-is-web-based-erp\" class=\"wp-block-heading\"><b>What is Web-based ERP? <\/b><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">It provides access to the desired modules of an <strong>ERP software solution<\/strong> or the entire <strong>ERP solution<\/strong> over the internet. It doesn\u2019t require any kind of hardware or software at the client\u2019s end. The system is accessed within a web browser by HTTPS link through the username and password offered by the service provider. The <a href=\"https:\/\/www.sphinx-solution.com\/web-development\/\"><strong>web application<\/strong><\/a> and database can either be on-premise at the company\u2019s facility or at the vendor\u2019s data center. Any client can use the application from anywhere, by following the link, just like the web page. Web-based ERP is best suited for small and medium enterprises (SMEs).<\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Do you know 81% of organizations are implementing or have implemented ERP?<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"720\" height=\"432\" src=\"https:\/\/www.sphinx-solution.com\/blog\/wp-content\/uploads\/2019\/02\/erp-software-development-company.webp\" alt=\"erp-software-development-company\" class=\"wp-image-5444\" srcset=\"https:\/\/www.sphinx-solution.com\/blog\/wp-content\/uploads\/2019\/02\/erp-software-development-company.webp 720w, https:\/\/www.sphinx-solution.com\/blog\/wp-content\/uploads\/2019\/02\/erp-software-development-company-300x180.webp 300w, https:\/\/www.sphinx-solution.com\/blog\/wp-content\/uploads\/2019\/02\/erp-software-development-company-390x234.webp 390w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/><\/figure>\n\n\n\n<h2 id=\"top-3-benefits-of-erp-software-solutions-for-the-enterprises\" class=\"wp-block-heading\"><b>Top 3 Benefits of ERP Software Solutions for The Enterprises<\/b><\/h2>\n\n\n\n<div class=\"bullet-new-box\">\n<ul class=\"step\">\n \t<li>50% ease of use<\/li>\n\t<li>46% enhanced functionality<\/li>\n\t<li>43% savings in total cost of ownership<\/li>\n<\/ul>\n<\/div>\n\n\n\n<h2 id=\"top-erp-trends-companies-plan-to-adopt\" class=\"wp-block-heading\"><b>Top ERP Trends, Companies Plan to Adopt <\/b><\/h2>\n\n\n\n<div class=\"bullet-new-box\">\n<ul class=\"step\">\n \t<li>Cloud\/Saas<\/li>\n\t<li>Mobile<\/li>\n\t<li>Internet of Things\/ Smart tech<\/li>\n<\/ul>\n<\/div>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">A study by Panorama Consulting Solutions, LLC., in 2016 shows that organizations implement ERP for the following:<\/span><\/p>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" width=\"720\" height=\"432\" src=\"https:\/\/www.sphinx-solution.com\/blog\/wp-content\/uploads\/2019\/02\/erp-software-development.webp\" alt=\"erp-software-development\" class=\"wp-image-5443\" srcset=\"https:\/\/www.sphinx-solution.com\/blog\/wp-content\/uploads\/2019\/02\/erp-software-development.webp 720w, https:\/\/www.sphinx-solution.com\/blog\/wp-content\/uploads\/2019\/02\/erp-software-development-300x180.webp 300w, https:\/\/www.sphinx-solution.com\/blog\/wp-content\/uploads\/2019\/02\/erp-software-development-390x234.webp 390w\" sizes=\"(max-width: 720px) 100vw, 720px\" \/><\/figure>\n\n\n\n<p class=\"has-text-align-center wp-block-paragraph\"><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Shifting from the traditional management model to a customized ERP software solution may appear worrisome in the short term, but it\u2019s a faithful choice from a long-term perspective. For this, you need an organized, step-by-step approach to accomplish your&nbsp;<strong><a href=\"https:\/\/www.manystrategy.com\/odoo-development-guide\/\" target=\"_blank\" rel=\"noreferrer noopener\">Odoo development<\/a><\/strong>&nbsp;process. <\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">It is seen despite spending huge capital, many of the ERP projects fail poorly. <\/span><\/p>\n\n\n\n<h2 id=\"top-reasons-for-failure\" class=\"wp-block-heading\"><b>Top Reasons for Failure: <\/b><\/h2>\n\n\n\n<div class=\"bullet-new-box\">\n<ul class=\"step\">\n \t<li>Poor strategic planning<\/li>\n\t<li>Lack of comprehensive training<\/li>\n\t<li>Lack of dedication by top management<\/li>\n\t<li>Poor change management<\/li>\n        <li>Underestimating Data Migration<\/li>\n        <li>Fear of taking risk<\/li>\n<\/ul>\n<\/div>\n\n\n\n<h2 id=\"factors-to-consider-while-choosing-erp-software\" class=\"wp-block-heading\"><b>Factors to Consider While Choosing ERP Software?<\/b><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\">The need for upgrade or replacement of <strong>ERP software<\/strong> depends on the industry trends. Remember, every company has different goals. As per your company requirement examine if you need a new <strong>ERP software<\/strong> or just an upgrade. The modern-time <strong>ERP software solutions<\/strong> are modularized so, you can simply integrate a module as per your company goal. But if your ERP system is quite old, we recommend you to replace it.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">As different departments have different priorities and culture, create a list of business requirements and changes you want to see. It would be a logical move to look for a customized solution. Additionally, localized dashboards and configurable workflows will help you achieve the goals. <\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">Discuss with colleagues from other organizations who are already using modern-day ERP solutions. For instance, Microsoft Dynamics is a popular option, and exploring Microsoft Dynamics pricing can help you better understand the investment required while comparing features that can adapt to your evolving business needs.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">&nbsp;To make the <strong>ERP software solutions<\/strong> work with your existing business applications you need to consider various integration points. System-to-system, module-to-system and file transfer capabilities are the major integration points that offer flexible workflow with the existing infrastructure.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\">ERP is complicated than most business solutions. It requires proper setup and training. Make sure that your team gets the proper training on how to implement the solution with the existing work structure.<\/span> <a href=\"https:\/\/webisoft.com\/enterprise-software\/erpnext\" target=\"_blank\" rel=\"noreferrer noopener\">ERPNext services<\/a> offer a lot of flexibility, making it easy for businesses to customize the system to fit their unique needs. This means you don\u2019t have to depend too much on outside software to get things working smoothly.<\/li>\n<\/ul>\n\n\n\n<h2 id=\"how-to-strategize-an-erp-system-for-your-organization\" class=\"wp-block-heading\"><b>How to Strategize an ERP System for Your Organization?<\/b><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Depending on your company, you can reasonably plan a customized ERP system instead of an <a href=\"https:\/\/www.sphinx-solution.com\/blog\/how-to-scale-agile-in-offshore-software-development\/\"><strong>off-the-shelf solution<\/strong><\/a>. However, for a <strong>successful software development<\/strong> process, here are some of the major checklist for you.<\/span><\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li><span style=\"font-weight: 400;\"> &nbsp;<\/span> <span style=\"font-weight: 400;\">Define and document the project vision to plan your IT strategy.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\"> &nbsp;<\/span> <span style=\"font-weight: 400;\">Meet with department managers to identify the project scope for short-term or long-term.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\"> &nbsp;<\/span> <span style=\"font-weight: 400;\">Create a list of required features for effective system delivery.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\"> &nbsp;<\/span> <span style=\"font-weight: 400;\">Check both off-the-shelf and <a href=\"https:\/\/www.sphinx-solution.com\/blog\/software-development-guide\/\"><strong>customized software solution<\/strong><\/a> and discuss which fits according to your budget and needs.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\"> &nbsp;<\/span> <span style=\"font-weight: 400;\">Talk with the <strong>software development team<\/strong> about hosting the server.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\"> &nbsp;<\/span> <span style=\"font-weight: 400;\">Find out the required time and cost to build the <strong>ERP software solution<\/strong>. The time and cost depend on the number of modules necessary to <strong>build the desired solution<\/strong>.<\/span><\/li>\n\n\n\n<li><span style=\"font-weight: 400;\"> &nbsp;<\/span> <span style=\"font-weight: 400;\">Check the daily reporting and test how well it interfaces with your business processes.<\/span><\/li>\n<\/ol>\n\n\n\n<div class=\"callout_box\">\n<p class=\"call_heading\">Want to Hire Software Developers?<\/p>\n<p>We offer scalable custom software development services to meet all your business needs.<\/p>\n<div class=\"sec-btn\"><a href=\"https:\/\/calendly.com\/sphinx-solutions\/30min?utm_source=website&amp;utm_medium=blog-erp-software-solution-for-your-business-tips-to-pick-the-right-strategy&amp;utm_campaign=book-an-appointment&amp;month=2024-01\" target=\"_blank\" class=\"btn btn-green btn-pos hvr-ripple-out mb0 mt15 newsletter-green open-qouteform\" data-medium=\"B_1\" rel=\"noopener\">Book an Appointment<\/a><\/div>\n<\/div>\n\n\n\n<h3 id=\"wrapping-up\" class=\"wp-block-heading\"><b>Wrapping Up <\/b><\/h3>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">97% of organizations improved few or all of their business process with the help of the <strong>ERP software solution<\/strong>. To fruitfully utilize the <a href=\"https:\/\/www.sphinx-solution.com\/custom-software-development\/\"><strong>software solution<\/strong><\/a> ensure you understand why you are implementing ERP. You must get full top management support to work on your business processes and needs. <\/span><\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><span style=\"font-weight: 400;\">Certainly, the <strong>cost of developing a custom ERP solution<\/strong> can be high but remember it is designed to optimize your business processes. Also, you can begin from small and include essential features as you grow. According to Panorama consulting solutions, 89% of organizations reported software satisfaction. For software satisfaction not only you need a reliable <a href=\"https:\/\/www.sphinx-solution.com\/\"><strong>ERP<\/strong> <strong>software development company<\/strong><\/a>, but also you have to ensure sufficient training and management.<\/span><\/p>\n\n\n\n<h2 id=\"faqs\" class=\"wp-block-heading\">FAQ&#8217;s<\/h2>\n\n\n<div class=\"wp-block-ub-content-toggle wp-block-ub-content-toggle-block\" id=\"ub-content-toggle-block-37e76ff3-ad70-4398-a56e-f43521695f5d\" data-mobilecollapse=\"false\" data-desktopcollapse=\"false\" data-preventcollapse=\"false\" data-showonlyone=\"false\">\n<div class=\"wp-block-ub-content-toggle-accordion\" style=\"border-color: #f1f1f1;\" id=\"ub-content-toggle-panel-block-\">\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" style=\"background-color: #f1f1f1;\" aria-controls=\"ub-content-toggle-panel-0-37e76ff3-ad70-4398-a56e-f43521695f5d\" tabindex=\"0\">\n\t\t\t<p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-37e76ff3-ad70-4398-a56e-f43521695f5d\" style=\"color: #000000; \"><strong>What is ERP in software?<\/strong><\/p>\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\" style=\"color: #000000;\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down open\"><\/span><\/div>\n\t\t<\/div>\n\t\t\t<div role=\"region\" aria-expanded=\"true\" class=\"wp-block-ub-content-toggle-accordion-content-wrap\" id=\"ub-content-toggle-panel-0-37e76ff3-ad70-4398-a56e-f43521695f5d\">\n\n<p class=\"wp-block-paragraph\">ERP (Enterprise resource planning) refers to a software solution that allows you to run your business, support automation &amp; manage workflows in diverse industry domains such as finance, supply chain, services, procurement, manufacturing, human resources, and more. This software system is mindfully designed to streamline business operations, boost efficiency, and give high visibility into several business activities.<\/p>\n\n<\/div>\n\t\t<\/div>\n\n<div class=\"wp-block-ub-content-toggle-accordion\" style=\"border-color: #f1f1f1;\" id=\"ub-content-toggle-panel-block-\">\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" style=\"background-color: #f1f1f1;\" aria-controls=\"ub-content-toggle-panel-1-37e76ff3-ad70-4398-a56e-f43521695f5d\" tabindex=\"0\">\n\t\t\t<p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-37e76ff3-ad70-4398-a56e-f43521695f5d\" style=\"color: #000000; \"><strong>What are the 3 common types of ERP?<\/strong><\/p>\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\" style=\"color: #000000;\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down open\"><\/span><\/div>\n\t\t<\/div>\n\t\t\t<div role=\"region\" aria-expanded=\"true\" class=\"wp-block-ub-content-toggle-accordion-content-wrap\" id=\"ub-content-toggle-panel-1-37e76ff3-ad70-4398-a56e-f43521695f5d\">\n\n<p class=\"wp-block-paragraph\">From project management to risk mitigation, ERP software can streamline and automate diverse business activities successfully. 3 most common types of ERP software systems include:\u00a0<\/p>\n\n\n\n<ol class=\"wp-block-list\">\n<li>On-Premises ERP<\/li>\n\n\n\n<li>Cloud-based ERP<\/li>\n\n\n\n<li>Hybrid ERP<\/li>\n<\/ol>\n\n<\/div>\n\t\t<\/div>\n\n<div class=\"wp-block-ub-content-toggle-accordion\" style=\"border-color: #f1f1f1;\" id=\"ub-content-toggle-panel-block-\">\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" style=\"background-color: #f1f1f1;\" aria-controls=\"ub-content-toggle-panel-2-37e76ff3-ad70-4398-a56e-f43521695f5d\" tabindex=\"0\">\n\t\t\t<p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-37e76ff3-ad70-4398-a56e-f43521695f5d\" style=\"color: #000000; \"><strong>How much does ERP software development cost?<\/strong><\/p>\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\" style=\"color: #000000;\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down open\"><\/span><\/div>\n\t\t<\/div>\n\t\t\t<div role=\"region\" aria-expanded=\"true\" class=\"wp-block-ub-content-toggle-accordion-content-wrap\" id=\"ub-content-toggle-panel-2-37e76ff3-ad70-4398-a56e-f43521695f5d\">\n\n<p class=\"wp-block-paragraph\">The cost of making an ERP software usually starts from $40,000 and it goes up to $2,50,000 or more. Technically, this development cost varies depending on plenty of factors including project complexity levels, software features, add-ons or customization, software maintenance, development hours, developer\u2019s locations, technology additions, etc.<\/p>\n\n<\/div>\n\t\t<\/div>\n\n<div class=\"wp-block-ub-content-toggle-accordion\" style=\"border-color: #f1f1f1;\" id=\"ub-content-toggle-panel-block-\">\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-title-wrap\" style=\"background-color: #f1f1f1;\" aria-controls=\"ub-content-toggle-panel-3-37e76ff3-ad70-4398-a56e-f43521695f5d\" tabindex=\"0\">\n\t\t\t<p class=\"wp-block-ub-content-toggle-accordion-title ub-content-toggle-title-37e76ff3-ad70-4398-a56e-f43521695f5d\" style=\"color: #000000; \"><strong>Why is ERP software so expensive?<\/strong><\/p>\n\t\t\t<div class=\"wp-block-ub-content-toggle-accordion-toggle-wrap right\" style=\"color: #000000;\"><span class=\"wp-block-ub-content-toggle-accordion-state-indicator wp-block-ub-chevron-down open\"><\/span><\/div>\n\t\t<\/div>\n\t\t\t<div role=\"region\" aria-expanded=\"true\" class=\"wp-block-ub-content-toggle-accordion-content-wrap\" id=\"ub-content-toggle-panel-3-37e76ff3-ad70-4398-a56e-f43521695f5d\">\n\n<p class=\"wp-block-paragraph\">ERP software systems require a lot of hardware and infrastructure to work properly. This may include networking hardware, servers, storage units, etc. The requirement of hardware effectively increases the total cost of ERP software development. Moreover, customization options, technology additions, and licensing fees also make the system expensive.<\/p>\n\n<\/div>\n\t\t<\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"Looking to increase efficiency and promote collaboration in your organization? You need an ERP software solution to bring about your goal. Here\u2019s the in and out of developing an ERP&hellip;\n","protected":false},"author":13,"featured_media":6095,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"inline_featured_image":false,"ub_ctt_via":"","footnotes":""},"categories":[500],"tags":[],"class_list":["post-1678","post","type-post","status-publish","format-standard","has-post-thumbnail","category-software-development"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 4.9.9 - aioseo.com -->\n\t<meta name=\"description\" content=\"Willing to unify and standardize your business processes with ERP software solutions? 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