Choosing the right ERP tool is crucial. Mid-to later-stage companies that have been acquired by a PE firm or raised significant capital face numerous challenges, such as:
❌ Infrastructures that no longer meet their needs
❌ Poor data quality
❌ Poor transparency
❌ Hiring challenges
❌ Onboarding Logjams
❌ Inability to expand globally
These companies often have complex organizational structures and lofty growth objectives, which leaves little room for operational inefficiency. What they need at first is a strong financial foundation to maintain transparency and develop a base for which to expand with
Capabilities like financial management, item management, and the automation of procure-today and order-to-cash.
They need basic features such as dashboards for various roles for example:
🧑🏻💻 Controller
🧑🏻💻 Executive management
🧑🏻💻 Purchasing and accounts receivable
🧑🏻💻 Sales
🧑🏻💻 Inventory management and administration
They need common metrics such as:
📈 Revenue recognition
📊 Financial Reports
🎮 Process Controls
They need something that can support a growing footprint, with more locations and larger numbers of customers now, while preparing for localization and multi-currency needs, as well as other functionality to support global expansion.
