Step 2: Determine requirements & estimate costs

Step 2: Determine requirements & estimate costs

This step, like all others on the roadmap to your optimal ERP solution, is critical. Too many companies hit the go button before truly understanding the costs of the project, which can lead to all kinds of fiscal instability. Working in the dark on costs can and should be avoided. And while estimating costs isn’t an exact science, if you are working with the right tools, you will have a good ballpark understanding.

What do we mean by the right tools? Well, you need a way to estimate costs, and you need to have a reliable way of scoping your company’s actual business software needs. And you MUST decide whether your company’s best solution is on-premise or in the cloud. Guidance and recommendations on these things are included in the tools for this step.

Step 2 includes:

Bonus Tool: Total Cost of Ownership Estimator

  • See your ERP Evaluation Kit welcome email for a link to this Excel document.

– Checklist: Business Requirements Questionnaire

Article: Tackling the Cloud vs. On-premise conundrum

– Article: 3 Critical Success Factors for Performing Your Own ERP Assessment

After reviewing the above tips and tools, you’re ready for Step 3!



About Stoneridge
Stoneridge Software is a unique Microsoft Gold Partner, with emphasis on partner. With specialties in Microsoft Dynamics 365, Microsoft Dynamics AX, Microsoft Dynamics NAV, Microsoft Dynamics GP and Microsoft Dynamics CRM, we focus on attracting the most knowledgeable experts in the field to our team, and prioritize delivering stellar solutions with maximum impact for your business. At Stoneridge, we are deeply committed to your results. Each engagement is met with a dedicated team, ready to provide thorough, tailored, and expert service. Based in Minnesota, we intentionally “step into your shoes,” wherever you are. We focus on what you care about, and develop trusting, long-term relationships with our clients.

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