Project
ERP Replacement Selection and Business Case
Project Trigger
The client's business was not growing past a certain revenue threshold and the directors were keen to define a 'breakthrough' to significantly grow revenue and profitability.
Our Scope
To define the requirements and develop an RFP that will lead to a shortlist, demonstrations and final selection of a preferred software, and implementation partner.
Project Outcomes
- Following our proven process, delivered a comprehensive requirements document which was used to support the RFP process.
- Market scan to find the best software platform and implementation partner and provided shortlist recommendations.
- Detailed cost analysis and comparison of the different solutions proposed, culminating in a final business case sign-off.
Our Value
- Developed a business case showing that the replacement of their ERP platform would result in efficiency gains of up to 15%. The business case demonstrated a positive IRR (12%) as well as an estimated payback period of 3.5 years.
- Replacing their ERP platform will also allow the client to migrate to the cloud and eliminates the requirements for on-premises hardware and the related maintenance fees.
Top 3 Tips
Clients that require to replace an existing ERP platform should:
- Get external help that can keep a close eye on market trends and remain current with the latest development in this field.
- Ensure Management have buy-in as it is critical for a successful ERP implementation.
- An ERP implementation project needs to be a high priority. If you make the choice to go through with the replacement of your ERP system, it is very unlikely the business will be able to take on another big project at the same time.