ERP Software: An Essential Catalyst For Growth
Introduction ERP Implementations are worldwide known for their inherent implementation challenges, technological complexities and soaring costs during implementation. Analysts often debate the benefits of ERP system over the amount of effort and cost that an ERP implementation demands. Despite a few odds against ERP, due to numerous tangible & intangible benefits of ERP software (even with the slightly high costs), not only large enterprises but even small & medium size companies invest in implementation of ERP system. This article explores the challenges that ERP software address and the benefits that organizations reap over the period after implementing ERP software. Managing Information – The New Challenge of Scaled Up Business Up to long time after their establishment, businesses usually work on the paper based management systems like books or registers, Microsoft Excel or in extreme cases some customized stand alone software developed locally, which often costs...