Enterprises that intend to implement Microsoft Dynamics 365 for Finance and Operations Enterprise edition pursue a variety of common benefits from ERP, but in most projects there are no well-defined benefits that the organization's management agreed on, and no roadmap to help them accomplish those intentions. It is vital to plan an ERP implementation carefully. In the sections that follow, we will look at the key objectives of ERP implementation.
An organization can have a legacy system and manual business processes, and they need to be unified by one single integrated application to manage, operate, and control the business areas and deliver reports to management, as shown in the following diagram:
Enterprises that have decided to implement ERP should be coordinating together with a consulting partner specializing in Microsoft Dynamics 365 for Finance and Operations. The customer and partner should plainly outline the objectives of the ERP solution as early as possible in the diagnostic phase. They can replace the legacy system and reduce manual business processes by automating the business processes using the ERP solution in organization departments. Samples of ERP implementation intentions are as follows:
- Business process: This comprises the following:
- Business process automation
- Streamlined business process in cross-function operations
- Unified business process across holdings and subsidiaries
- Single point of contact for reducing redundant data within departments
- Controlling: This comprises the following:
- Segregation of duties and data access privileges
- Advanced workflow and approval matrix ceiling
- Tracking the actual costs against budgeted
- Inventory tracking and cost control
- Decision support: This comprises the following:
- Real-time and ad hoc reports for all organization levels
- Dynamic and dimensional reports
- Key Performance Indicators and indicator dashboard