The real value of an ERP system is only realised once the system starts to deliver strategic and operational intelligence through reporting to management.
The first important phase of ERP implementation is to establish financial functionality to enable reliable accounting of revenue and expenditure. Once completed, your business should have better control over revenue and expenses. This, however, is not enough in today’s competitive world, where making the right decisions are dependent on having access to information now, and being smart about the way you run a business could be the deciding factor whether the business grows or perishes.
To illustrate, we ask you to imagine yourself as the chief executive of a large organisation, and to think of six items that should be reported on and monitored to ensure the business is under control and growing. Deciding which items to include can be difficult, not to mention the difficulty obtaining timeous reports on these items.
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