This is a sponsored post.
Recently, QM properties selected IFS Applications ERP for their next ERP solution. Based on a competitive selection process, QM Properties selected IFS because of their ability to configure solutions rapidly to their business needs.
QM Properties is one of Queensland’s largest property development company. Currently, the company runs about 25 property development projects. This includes canal, lakeside, medium density, commercial, industrial, as well as leisure and retail developments.
We’ll discuss ERP Development in depth by giving an in-depth definition of how it works and some factors to consider before using ERP software. Thus, you’ll have a great understanding of how it can help improve your business’ daily operations and help meet your organization’s long-term goals.
What is ERP Development?
To fully understand enterprise resource planning, you have to take a step back and think about the multiple departments that are needed to run a successful business. This includes accounting, inventory, human resources, and order management.
ERP development uses centralized databases to help businesses store, intERPret, manage, and collect data from multiple business units. ERP is used to streamline cross-departmental workflows and automate back-office tasks. Once it’s optimized, the solution can increase profitability, reduce costs and drive efficiency.
What Should I Consider When Getting Custom ERP Software?
Suppose you’ve already analyzed the cost-benefit ration of getting ERP development software and you’re convinced that it will increase the overall profitability. Here are some things you have to consider to optimize the software’s ROI:
Aside from making your ERP process meets your organization’s workflows, you have to look at your departments.
They have different culture and priorities, which can be contradictory. For instance, Production helps with business output, while Sales attempts to meet or exceed the monthly, and Marketing spends.
All of these departments lead to a multitude of workflows that don’t have a single solution. We suggest that you look for a custom ERP development solution that has localized dashboards, configurations, and customization tools, and other features that help departments create the ERP based on company parameters and define their goals.
Your ERP software should work with your organization’s existing applications. There is a myriad of integration points your team must consider from top to bottom. This can include module-to-system (ex: adding your ERP to an existing Human Resource Management System) or file transfer capabilities (example, importing/exporting JPG, PDF, CSV, DOC, files).
Having ERP software that has flexible integration can expand functionalities, or, replace it while ensuring smooth files migration and recording.
Replacement vs. Upgrade
First, you have to determine if you need an upgrade or a new ERP system. Most ERP solutions are modularized: this means that you can integrate modules such as payroll to your current applications. As a result, this helps you minimize costs and disruption.
However, if your custom ERP development system is 10 years or older, we suggest that you replace it. You can use today’s ERP solution for scalability, mobility, deployment options and integration. Besides, machine learning, advanced reporting, and predictive analysis are helping to push ERP development to the next level.
Remember, custom ERP development solutions are an asset to your business if chosen correctly. We suggest that you take the time to view your options and see which development solution is best for your business. Conclusively, continue to use ERP software to ensure that your company can complete projects, obtain longterm success, and have better management across multiple departments.
Do you have any questions about ERP development?
Tell us in the comments below!