Often times, business executives will forego the formality of analysis when it comes to “just do” projects, regardles of the effect on ERP ROI. Outdated machinery, legacy technology and other intuitively obvious investments need to be maintained and replaced or upgraded in order to maintain business viability. Regardless of the obvious investment, a proper business case should be conducted to ensure the investment is well defined, budgeted, and aligned to the company objectives. Equally important is to ensure the investment is maximizing your ERP ROI, or return on investment, and delivering the expected results.
The Importance of a Transformation Roadmap
Ultra’s Business Process Mapping deliverables provide confidence and credibility to ensure the investments are well defined, aligned to the company’s long-term objectives, and poised to deliver to established expectations. The benefits are also clearly defined with milestone expectations to ensure the project team members and vendor solution providers have the required accountability to get the job done with speed and success.
Realizing Your ERP ROI
Ultra’s experience in delivering several hundred successful projects typically sees accelerated paybacks of less than 12 months for the several hundred thousand dollar investments typically made in ERP and business transformation projects. With Ultra, these benefits are quantified and road-mapped to ensure everyone understands what is expected and how to deliver it. There are certain major areas you can realize your ERP ROI, including inventory, supply chain management, product development, and more.
A Successful Team Structure
However, guaranteeing your ERP ROI isn’t fully dependent on your software solution. The people involved in the project are also important for enabling change and maximizing profit. Through our experience, we have learned a specific team structure works best for business transformations. This team includes:
- Executive Steering Members
- Project Management Office
- Core Team
- Subject Matter Experts
- Technology Team
The Benefits of an Independent Consultant
Employing an independent ERP consultant provides the necessary experience of successfully completing hundreds of projects similar to yours. They provide the experienced view of progress against expectations, risk visibility, and issue resolution along with an unbiased perspective on who is performing to expectation and what changes should be considered to further the progress. A truly independent consulting firm brings a broad scope of experiences working with multiple vendor platforms/solutions, and has a proven track-record of success in delivering across a variety of businesses in your vertical and across multiple other verticals.
To receive more detail on the ways you can maximize your ERP ROI throughout your business transformation, read our whitepaper: Maximizing ROI in Your ERP Enabled Business Transformation.