How to make Finance ERP Implementation right?
The in-depth understanding of the finance and accounting process, its integration with other functions, and
matching it with the right financial ERP software
Finance is a business-critical function and implementing the Finance ERP module is a complex technical process that requires knowledge of the latest financial processes to overcome any challenges in its implementation. The Finance functional module has inter-linkages with all the modules in the ERP system that consolidates all the financial information to manage the day to day finance operations and generate a richer level of financial reporting to support business decisions
Why does Finance ERP implementation fail?
The misfit leads to Finance Implementation failure and should be avoided. ERP implementation firm does not perform its due diligence to the company, especially as it related to its financial processes and system. At the same time, the company does not perform its due diligence on the implementation firm to make sure that the company has expertise about their finance business processes