The way some people talk about their ERP implementations is flat out ridiculous. They have the most wildly unrealistic expectations on what an ERP system is going to do for them (and that’s only partially fuelled by the ERP vendors themselves). To make matters worse, it usually takes years before they realize that a big expensive ERP system isn’t the silver bullet they were hoping for (because that’s how long it takes to implement an ERP).
I’m not saying you shouldn’t implement an ERP system. But I am saying the problems you’re trying to solve with an ERP can’t wait years to be resolved. One of those problems is contract management.
In this week’s video, we’re kicking off an entire series on ERP and contract management. You’ll learn why it takes so long to get an ERP system up and running, what makes ERP implementations so complicated, and how you can close the contract management gap while you’re waiting.
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ERP systems are fantastic. They can do everything!
Not only can you run your financials through an ERP system, but it’ll track your assets, create requisitions, issue POs, even manage your contracts. And when you use an ERP system, your business will auto-magically become successful.
Food tastes better. The air smells sweeter. I’ve even heard that using an ERP system will give you a thicker head of hair.
Which is why any organization that doesn’t have an ERP system desperately wants to get one.
And those organizations that are already using one, well they just wanna replace it with another one.
Now I know that sounds ridiculous, but that’s what’s running through my head when I’m sitting in front of a client who’s trying to justify spending a million dollars on an ERP system because they can’t find their contracts.
Now, I’m not saying that an ERP system isn’t what your organization needs. In fact, when the time is right, it’s probably exactly what you need.
But as a complementary piece to your existing business, not as a core piece of technology that you then try to build your business processes around.
And certainly not as Ginsu knife that’s gonna do it all for you.
But that’s what the big ERP suppliers pedal. And it’s one of the biggest reasons why it takes years to implement a proper ERP system.
The trouble is, when it comes to contract management, you don’t have years — or even months! — to wait while your organization gets to implementing an ERP system.
In the next few weeks, we’ll look at some of the reasons why it takes so long to get an ERP system up and running.
We’ll talk about the lengthy RFP process using to select an ERP supplier. The complicated supplier implementations that seem to go on forever. The political minefield you have to walk through just to get buy-in from the entire organization.
We’ll take a look at why doing nothing is probably the worst thing you can do. And we’ll show you how you can implement an interim solution while you wait for your ERP.
Thanks for watching and keep an eye out for the next video.