Leading a successful ERP implementation can be a career defining event for a finance leader. An ERP selection, implementation, or ERP system management gone wrong can negatively impact a company’s financial health in addition to derailing the careers of those who professional brands are tied to an ERP solution investment. The right ERP solution in the hands of the right professionals can fuel company growth and even offer a company competitive advantage. New platforms, including cloud-based technologies, enable companies to leverage the best technologies available—making ERP adoption more streamlined, less risky, and more cost-effective. Attend this webinar to discover 10 key best practices in developing and executing an ERP investment strategy that maximizes the ROI of an ERP solution investment from implementation through optimization. Matt Kenney, Principal, McGladrey will discuss the key components of successful ERP implementation, and how to optimize the value of an ERP solution through its lifecycle long after the initial implementation. Discover how to build and maintain successful relationships with, among, and between key internal and external stakeholders in an ERP investment to optimize its lifetime value.

1. Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals
10 Best Practices for
Optimizing the Lifetime Value
of your ERP Investment

2. Learning Objectives
After attending this event you will be able to:
• Understand how to avoid inherent barriers to ERP
implementation success
• Discover actionable advice for the proper alignment of people
and processes in executing an ERP implementation plan
• Understand how to build a partnership with your ERP vendor
and consultants to maximize the lifetime value of an ERP
investment
• Discover current and emerging trends in ERP solutions

3. Welcome to Proformative
Proformative is the largest and fastest growing online
resource for senior level corporate finance, treasury,
and accounting professionals.
A resource where corporate finance and related
professionals excel in their careers through:
• Uniquely valuable, online Peer Network
• Direct subject-matter-expert advice
• Valuable Features and Resources
All of it completely noise-free
Check it out at www.proformative.com

4. Ask, Share, Learn – Within the Largest Community of Corporate Finance Professionals
10 Best Practices for Optimizing the
Lifetime Value of your ERP Investment
Matt Kenney, Principal of the Technology
Consulting Practice, McGladrey

5. Agenda for today
• Why managing ERP matters to your
organization and your career
• Best Practices across ERP lifecycle
– Choosing the right system
– Implementing Successfully
– Optimizing and Enhancing

6. Why managing ERP matters
Source: 2014 McGladrey Monitor Report

7. Why managing ERP matters
• ERP is increasingly the domain of finance rather than IT
• ERP is a key tool for improving performance
– Must measure in order to manage
– The right task at the right time by the right person
– Automation drives efficiency and accuracy
• ERP presents inherent risks that must be managed
– Obsolescence
– Data Security
– System Failure
• Managing ERP is integral to improving performance and
minimizing risk for your organization

8. Choosing the right system
Best Practice #1 – Start with strategy
• What is your business objective?
• What obstacles must be overcome?
• How can business applications help?

9. Choosing the right system
Best Practice #2 – Define scope

10. Choosing the right system
Best Practice #3 – Determine where you’re
special – and where you’re not.
• Which current business processes are standard
and which are unique to your organization?
• Why are processes not standardized?
Competitive advantage or bad habit?
• Do you need an industry-specific solution?

11. Choosing the right system
CONS PROS
Vertical Solutions Horizontal Solutions
 Functionality developed to meet
your niche
 Industry Expertise
 Implementers understand your
companies unique needs
 Large install base
 Better Financial core
 More add-on vendors
 Usually more current technology
 Usually more consultants
available
 Technology may be dated
 Smaller customer base to use to
make investments – Less R&D
 Less flexible solutions if your
company changes
 Typically have weaker financial
packages
 Might not meet needs of your
specific industry – need to rely
on add-on solutions
 Implementers may not be
familiar with your industry

12. 10 Best Practices for Optimizing the Lifetime
Value of Your ERP Investment
Thank you for your interest in this presentation.
View the on-demand webinar or download the full
presentation at:
www.Proformative.com