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Five steps to implementing modern finance

Moon Won, VP Applications ASEAN, Oracle | Feb. 19, 2016
Moon Won of Oracle talks about steps involved to ensure Cloud ERP implementation success.

4.    Cloud ERP integration

Being a midsize business doesn't necessarily mean a lack of complexity. You may have systems, both cloud and on-premise, which handle customer-facing processes such as ensuring that customer orders are properly processed, fulfilled, invoiced, and accounted for. You may have procurement systems that need to reconcile purchase orders with vendor invoices in accounts payable. You may have specialised systems that manage interactions with your banks. Combined, these systems form the backbone of your business and connect your company to customers, suppliers, and other trading partners. They need to be carefully considered in the implementation plan.

5.    User adoption and training

Often overlooked but critical to realising fast time to value is ensuring your users are trained properly to take full advantage of the system's capabilities. Modern Cloud ERP accelerates time to value through their intuitive, easy-to-use user interfaces which help your people become productive quickly. However, for knowledge workers who perform more complex work, their inclusion on the implementation team is critical to getting them up the learning curve.

Modern Cloud ERP offers many advantages over legacy on-premise systems. They also feature quicker implementation times that enable faster time to value. However, midsize companies still need to carefully plan and manage your implementation to ensure critical business requirements are taken into account in order to ensure maximum success at go live and well into the future.

 

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