Selecting the right Cloud Enterprise Resource Planning Software can be confusing, costly, and downright frustrating. For this reason, Roghnu held an informational breakfast detailing ways to leverage Cloud-based ERP’s and select the right accounting software. Roghnu (pronounced Rog-new) is an IT Advisory consulting firm based in Tampa, FL. Roghnu is a Gaelic term for “select” or “choice”. While assisting companies through the IT advisory perspective, the team works to “select” the most efficient and appropriate enterprise software for their clients.
Roghnu’s primary focus is to help grow small and medium-size businesses that struggle with financial accounting and reporting, along with management of disparate systems and systems integration. The company was formed around a passion for working with and developing small to mid-market companies in need of pragmatic solutions that will quickly deliver ROI, scalability, and profitability.
During the informational session, Judd Trayling, Managing Director at Roghnu, shared traditional problems associated with ERPs and alternatives along with software selection, strategies, and tips. Many of these problems include the inability to create a timely report for banks and investors, manual reconciliation and consolidations, disconnected systems/duplicate data entry, switching costs to scale, high IT consulting and service costs, and many more.
With a traditional on-premise model, a company can license software and run it on its own servers. When considering this model, it is important to account for the capital and operating expenses associated with deployment, operations, support, customization, integration, maintenance, and upgrades. While these costs can be too great for small and mid-sized organizations to sustain, on-premise solutions remain a viable option for some larger companies.
In addition to discussing how to select an ERP, Judd also provided many software selection strategies and tips. These tips included: gathering requirements, identifying top priorities and challenges, creating a Request for Information (RFI)/Request for Proposal (RFP), research your options, try a demo, focus on product fit, and check for references. It is vital to gather requirements and to define or document your needs. This includes identifying top priorities and challenges; however, it is important to keep in mind that no system meets every need for every user.
The next step would be to determine whether or not your company is going to create an RFI/RFP listing your needs, expectations, and parameters. From there, it is important to compare competing offers and search through independent research and reviews. Last but not least, it is vital to check references, score the offers, carefully screening vendor references, and ultimately selecting the best option.
Cloud computing solutions are applications used to offer many benefits such as direct, always-on access to solutions and are typically paid for on a per-user/per-month subscription basis. These solutions are multitenant, which means you can unlock only your own data, yet work from a shared system. An advantage is that there are no upfront fees, capital investments, or long-term commitments because you do not buy, license, or manage the underlying hardware, software, or networking infrastructure. Upgrades are performed at no cost to the company. If you make extensive changes to the system, your customizations “roll over” to work with the new upgrade.
Throughout their experience within this industry, the Roghnu team has learned why projects fail or succeed, which ultimately led to them to become an Intacct partner. Roghnu has over a decade of Fortune 2000 IT Consulting, Software Selection and Enterprise Project Assessment experience. Intacct allows for companies to always remain connected within a rapidly changing world to achieve financial software solutions that harness the power of the cloud to provide instant access to financial data. Because choosing and implementing a new accounting system can be a challenging decision to make, Roghnu has chosen Intacct due to its unparalleled features and customer satisfaction.
Intacct is built for finance, growth, the cloud, public companies, and as a result, customers on average achieve a 250% ROI in less than 6-months. If you are unsure whether or not your company is in need of an accounting solution, Roghnu provides the tools necessary for you to perform comprehensive ROI and TCO evaluation to help determine whether an upgrade is right for your business. The team can also provide their ROI and TCO tool for you to perform the evaluation on your own.
The Tampa Bay Region has been rising and competing on the forefront of innovation, technology, and growth. In order to remain ahead of the curve and maintain a competitive advantage, companies must make changes to their infrastructure based on the advancement of information technology and efficient reporting. As a result of readily obtaining information needed to cut resources, businesses can use this all-encompassing Cloud Enterprise Resource Planning Software to reach targeted markets more effectively.
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This post was written by Elevate, Inc.