Did you know the global ERP market is expected to hit $86.3 billion by 2027?
Because the ERP market is growing at such a rapid pace, there are lots of companies moving into this market. If you want to invest in ERP, this can make things tricky, as you now have lots of different ERP vendors to choose from.
This post will provide you with some tips on how you can find the best ERP company for your business. Whether you run a big or small business, these tips will help you find the right vendor.
Generalist or Specialist?
When it comes to ERP software, you’ll find that vendors can be split into two categories.
On one side, you have vendors that offer general ERP software that caters to all sorts of firms. On the other side, you have vendors that cater to specific niches.
If you want to do a good job when selecting ERP vendors, you should try to find a company that produces software for your niche.
This is important because a specialist company will have a good understanding of your needs. As a result, their software will actually be able to help you with the unique problems that are associated with your industry.
How Seriously Do They Take Their Business?
When performing research, you might find a promising ERP firm that looks as though it will be a good fit for you.
However, if this firm is relatively new, you will need to consider whether they’re actually going to be around for a long time.
After all, you don’t want to invest a lot of money on ERP implementation, only for the vendor to shut down after a few years.
One way you can determine the plans of an ERP vendor is by looking at how much they’re investing in marketing.
Generally, if a firm is investing a lot of money into marketing, they’re likely planning on sticking around and building a brand that people trust.
Plus, if the firm is focusing on marketing, it means they’ll have enough customers to actually stay in business.
A lot of the time, if an ERP vendor publishes a lot of content on their blog, it is a sign that they’re focusing on marketing.
If you’d like to learn more about what this might look like, you can read this blog post that covers ERP lead generation.
Look at Reviews
When looking at different ERP firms, you should always take a moment to look at reviews.
Reviews will help you understand how good the vendor is and if their product performs as it should. Reviews will also help you understand how easy the overall implementation process is, in regards to a particular solution.
Ready to Look at Some ERP Vendors?
Finding the best ERP vendors can be a tricky task, but these tips should make things easier.
Before you settle on a certain product, you should always request a demo. This demo will help you understand how the software works and whether it is actually suitable for your needs.
Would you like to read some more content? Please visit our blog to see some of the new posts we’ve published this month!