The big question that comes up during the discussion on company wide ERP implementation is, when and how the return on investment can be realized. ERP vendors usually have a tough time convincing the senior management while answering the above questions.
While going for ERP implementation, it is very essential that the return on investment does not just imply in terms of financial gain. Of course yes, there are financial gains in the long run. But, let us see, what the other ways of realizing a significant return on investments are.
All the above-mentioned points ensure smooth processes across the organization. Smoother processes improve productivity, which in turn results in timely and consistent delivery. Consistency in operations and delivery will improve the credibility of the organization in the market and help become profitable in the long run. Therefore, implementation of ERP indirectly impacts the profitability and hence the return on investment can be significantly realized.