Best ERP System – Eliminate Business Risks

When asked what’s the very best ERP System in Malaysia, experts respond with a list of six solutions that serve various organizations in a variety of ways. The top 3 systems are Retail Management Software, Web Solutions for Retail, and Customer Relationship Management Software. Of these, the first two applications systems are more prevalent in the retail sector while the third system, CRM, is more prevalent in the fiscal or business-to-business sector. The lack of a standard ERP methodology in Malaysia has created an IT landscape that seems much like a jigsaw puzzle where each piece is needed but none exist. This leads to the following challenges.

Organizations have different needs when it comes to ERP implementations. Retailers, for instance, may look for ERP solutions that will automate order fulfillment, reduce inventory, provide data analysis, supply real-time tracking, and integrate with customer and employee databases. Web-based solutions would enable e-commerce sites to update product information in real time and do inventory. Web-based applications may also be used to keep tabs on vendors, negotiate contract provisions, and manage internal resources. The listing for Web-based ERP software goes on, however, the point is that it is imperative for any ERP system to address the needs of different industries. The issue lies in choosing the right ERP system that would fit each organization’s unique needs.

Another major challenge is the lack of inter-function transparency and communication in ERP software. Most companies, for instance, fail to fully understand the nuances of integration with existing systems and find it difficult to determine which systems have to be implemented first and which may be phased out. There is also the issue of integrating ERP modules with applications that have already been deployed. Typically, companies need the assistance of consultants to create ERP integration tasks simpler and more compact.

Another limitation for ERP implementation in Malaysia is its price. Bigger companies would surely have the ability to afford ERP software as its licensing prices are already within reach of most companies. However, small and medium-sized companies would find it difficult to buy, install and integrate ERP applications due to its steep price tags. Additionally, maintaining an ERP system would demand plenty of resources, which could seriously dent to the provider’s capital.

Regardless of these constraints, some companies have been able to design robust ERP systems that feature all of the functions required for a strong ERP system. Cogentrix, for instance, is one such ERP solution. This company designs and implements customized ERP systems that address the unique needs of companies. To be exact, Cogentrix has more than two hundred components that can be mixed and matched to create different scenarios for companies. Each scenario represents a normal business process that would have to be implemented in order to provide clients with the most up-to-date and accurate results. A normal Cogentrix ERP module would include Customer Management, Supply Chain Decision Support, and other modules that would complement and improve upon each other.

Small and medium-sized companies cannot afford to be complacent when it comes to ERP systems. Even if their budget isn’t that high, they ought to still invest in a good ERP system. The reason behind this is the fact that ERP systems are designed to facilitate and streamline procedures, which would in return translate to improved customer service, productivity and profitability. To make certain that ERP systems work for a company, it is necessary that you have a thorough evaluation and analysis done on a regular basis. This way, businesses can make certain that their ERP systems have been modified and updated to match the changing market trends and requirements. This way, companies can be assured that their ERP system works well and will continue to serve the purpose for which it was created.

Another way to ensure that you get a top-notch ERP system is by hiring only the best ERP consultants and technicians. There are numerous firms that claim to provide ERP systems and although they may be experts in the market, it would still be sensible to look at the quality of their services and the results they’ve produced for previous clients. You may want to think about referrals from clients or companies that have used the services of these consultants or technicians before making your final decision. Additionally, you could always do more research about the company, its history, technology and how it caters to your business’ unique needs and requirements. By doing so, you can make sure that your company will get the most from your ERP system.

Overall, picking a top up system would require you to do a lot of homework. Researching on the different ERP systems available today and the details about their features, function and modules would be very helpful in deciding on the right one. With the data that you gathered, you can then assess your needs and identify which one is best for your organization.