Implementation of ERP System

Running head: IMPLEMENTATION OF ERP SYSTEM
IMPLEMENTATION OF ERP SYSTEM
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IMPLEMENTATION OF ERP SYSTEM1
Table of Contents
Introduction:...............................................................................................................................2
Benefits of ERP system:.............................................................................................................3
Comparison of different ERP vendors:......................................................................................4
Analysis of alternative solution to SAP for enterprise resource planning or ERP:...................7
Why NetSuite ERP is better than SAP ERP:...........................................................................11
Cost benefit analysis for implementing SAP:..........................................................................12
Working mechanism of ERP:...................................................................................................21
References:...............................................................................................................................22

IMPLEMENTATION OF ERP SYSTEM2
Introduction:
ERP or the enterprise resource planning is an integrated approach for the organizations to
integrate all of the business process through a single software system. It is important to
identify that as all of the business process is integrated within a single software system, it also
allows organizations to manage those process in an efficient method that enhances the
business process (Elbahri et al. 2019). However, the most important aspect of this ERP
system is that it automates the business process and therefore it is easier to manage the
activities related to business and consumer management (Holsapple et al. 2019). Along with
this ERP system provides various business related data that helps organizations to make
decision that are effective and efficient as well. Therefore, ERP system allows organizations
to make business strategies that ensures profitability and market performance as well which is
important for any business.
This report has analysed benefits of ERP system in details and also compared various ERP
vendors in terms of features and benefits that these ERP systems provide. In this context, two
popular ERP vendors SAP and NetSuite are compared along with the cost benefit analysis to
recommend an alternative ERP solution from different vendor other than SAP. This analysis
not only consider disadvantages of the SAP ERP system, but also consider what advantages
are provided by the NetSuite ERP for providing a comprehensive overview regarding the
recommendation of NetSuite ERP in this context.

IMPLEMENTATION OF ERP SYSTEM3
Benefits of ERP system:
 It does not require different IT system for managing different aspect of the business
and all of the business requirements are integrated within a single software system
and therefore it is not only easier to manage but enhance this process as well (Nowak
and Kurbel 2016)
 ERP system automates most of the business requirements and therefore provide a
context to reduce operational cost which requires significant investment in any
business (Venkatraman and Fahd 2016).
 ERP system provides organizations data regarding consumers which helps
organization to design strategies that ensure enhance consumer management and
when organizations ensure that the consumer management is efficient, it ensures that
the overall business process is effective and efficient as well (Sun, Alles and
Vasarhelyi 2015)
 ERP system allows organizations to analyse market performance and preference of
consumers for any particular products. Therefore, it is easier for the organizations to
identify how the product or service will perform in the market even before it is
introduced in the market for the consumers (Lee, Wong and Hoo 2017)
Therefore, organizations are considering to invest in ERP system to automate business
process and ensure profitability along with enhanced market performance. That is why the
company should also consider in investing for implementing ERP system.

IMPLEMENTATION OF ERP SYSTEM4
ERP vendors Features
SAP ERP It provides ERP solution to manage entire
business process. It includes features such
as financials, sales, customer relationships,
and operations
NetSuite It provides extensive features required for
managing financial aspect of the business.
However, it is different from traditional
accounting software and it integrates
operations throughout the business process.
Along with this this provides real time data
regarding business process and consumer
management which enhances business
process
Infor M3 It is a comprehensive solution for
enterprise resource planning or ERP. With
this ERP solution companies are capable to
manage transaction across the organization
which include national and global
transaction. It also include manufacturing
process and supply chain process as well.
SYSPRO It is an ERP software that offers on-
premise and cloud implementation as well.
It provides organizations context to control
planning and management related to

IMPLEMENTATION OF ERP SYSTEM5
business process. Along with this, it also
offers visibility, agility, and control in
business process
PeopleSoft Enterprise It is designed according to the Pure
Internet Architecture and it offers
flexibility in configuration, and also allows
open as well integration from different
vendors which is an advantage of this ERP
solution
K8 It is a fully-integrated ERP solution. It
offers quotation management along with
sales order processing which consider
business intelligence, inventory
forecasting, and financial reporting for
providing ERP solution
Fidelio It is designed according to the Microsoft
technologies which include Quebec. It is
designed for wholesalers, distributors,
retailers and manufacturers. It offers
flexibility along with competitive
advantage for enhancing business process
Infor LN It is a cross-platform ERP solution and also
integrates effectively with other external
systems. These external system includes
the supply chain and the Web. This ERP