Published on the 16/03/2015 | Written by Hayden McCall

Embarking on a journey to implement a new ERP system is a major challenge in any business. Hayden McCall spoke to three professionals with a combined 60 years of ERP evaluation and delivery experience across multiple projects, and presents an abridged version of the conversation…
With today’s reliance on technology, the consequences of getting a new ERP system wrong can ultimately determine future success or failure. ERP implementations are by their very nature lengthy and complex with significant risks that need mitigation. One of the strongest themes to come out of the discussion was the imperative to understand existing processes while also planning the desired or ‘could be’ future state. Businesses need to identify the intricacy of how things actually work in a day to day setting, versus how they should work, in order to better resolve how they could work. Such analysis lays the platform that subsequent success with software selection and project delivery relies upon. The other strong theme was the need for the whole organisation to have visibility over the project so individuals can understand the reasoning behind the change and embrace the project objectives long before go-live. Without seeking to be self-serving, the panel was in consensus that the input of experienced independent practitioners to guide the client through the justification, planning, analysis, selection and implementation phases is vital to success. I strongly recommend engaging specialists who really know the market, who deal with the vendors, deal with the partners all the time. That ‘warts and all’ knowledge is invaluable. Key insights: The panel: Read the full white paper An expert guide to selecting and implementing ERP solutions … What to expect for the future of payables… Manual processes can lead to error-prone data analysis… What is a Finance Department and Manager Level KPI?… One of the lessons learned from COVID-19 is that the old way of planning doesn’t work anymore… Free up your cash trapped in inefficient AP and AR processes…
The expert panel consisted of Jamon Johnston, director & owner of Solution Minds based in Perth, Barry Carruth, managing director of Probity Consulting in Auckland and Wellington, and Greg Thompson, succession of architecture director at Present Group, also based in Perth. Together they represent a combined 60 years of ERP selection and implementation experience across multiple industries and solutions.FURTHER READING
eBook: The new AP department
Whitepaper: Streamline your financial year-end close
KPIs and Metrics for Finance Departments in 2020
Making Financial Planning a continuous and popular activity
Whitepaper: How to make your cash work harder for you