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April 5, 2017 Business Technologies

Top 5 Reasons to Select an ERP: The Ultimate ERP Checklist

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By Sonja Fridell

In the market for an ERP?

With so many ERP companies, it can be difficult to find the ERP platform that fits your business. BrainSell can help. We’re hosting a free webinar on NetSuite vs. Intacct on Thursday, April 6th at 2:00 PM EDT. Register for the webinar and learn which cloud-based ERP platform is right for your finance team.

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The Ultimate ERP Checklist:

Here are a handful of financial features that will help you determine if an ERP platform is right for your business. Not all industries need every feature, but majority of companies will need the following functions addressed.

Mobile Functionality

ERP systems, like NetSuite and Intacct, allow for mobility. Employees don’t have to be in the office constantly. Your staff can now be productive from virtually anywhere on any device. This in turn, will improve the quality of service and the customer satisfaction ratings will increase greatly.

Financial Management

ERP systems have a strong financial component that allows you to meet financial reporting and tax requirements. In real-time managers can access information on department expenses and revenue contribution, which enhances your financial performance.

Human Capitol Management (HCM)

Your human resources team will manage the HR financial features of an ERP system, including payroll, commissions and insurance for the company. An ERP will give you an accounting view into payroll’s improvements and how to reduce waste. In turn, this will help you make better financial decisions in the future.

Supply Chain Management (SCM)

This helps cross-functional teams understand the supply chain process. An ERP system can balance the supply and demand. An ERP helps companies save time because it tracks your supply chain, vehicles, inventory, parts and human resources are all located in one system.

Reports and Analytics

Managers and executives have access to reporting and analytics to keep your teams updated and to prepare for challenges. The real-time data will help your business and financial decision-makers collaborate and develop action plans

The top cloud-based ERP competitors are NetSuite and Intacct, and in order for your business to succeed, you’ll need to invest in the system that fits your company best. For more information and to register for the webinar, please visit: NetSuite vs. Intacct

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Related TagsERP/Accounting

author bio

Sonja Fridell

Sonja is very active in architecting CRM, ERP and marketing automation solutions for clients across North America. As an ex-journalist, she is adept at exploring a client’s needs and coming up with cutting edge, elegant solutions that fit, drive adoption, and create real results.

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