The comparison of generic and industry-specific pops up in your mind because of the availability of ERP software on the internet. You may need an ERP software or ERP System for your business. And you find different kinds of ERP Solutions some are cheap, some are reasonable and some are costly. And you also find out some ERP solutions are customizable and some are fixed. No customization is available. So, at this point, you are confused now about which one to choose? To persuade you of the difference of ERP software serving the purpose, pricing, and buying facts we write in this article for you specifically. Now we are moving to the disclosure of ERP solutions below.
For many people, these are ready, out-of-the-box solutions that are generally non-customizable. Made for all kinds of industries, they generally have little to no room for customization. However, one of the most obvious advantages of these “one fits all” solutions is their cost-effectiveness.
However, for the purpose of this article, we are going to assume that generic ERP is the opposite of a vertical-specific ERP system – a solution that doesn’t cater to one industry vertical in particular, irrespective of its functionality and customizability.
Industry-specific ERP solutions, on the other hand, are the ones that have been designed specifically for one industry – e.g., manufacturing ERP. These types of solutions have deeper functionality when it comes to the particular needs of the industry.
An ERP solution is a massive concept, to begin with. Besides the obvious challenge of uniting, automating, and streamlining enterprise-wide business processes, they also have to take into account things like specifics of each country, regulation systems associated with each industry, etc. As such, an ERP vendor that specializes in a particular vertical has an advantage over the competition in terms of experience, the functionality of their solutions, speed, and efficiency.
The downside of these specialized ERP solutions is that you may end up with a lot of functionality that you do not need and are never going to use.
Learn more: Top Features of ERP Software that Helps To Grow Businesses
It’s easy to get overwhelmed in the process of selecting an ERP solution for your company. Our experience in the industry has shown that it’s helpful to have certain guidelines when it comes to this complicated process. Here is a list of useful tips we have compiled:
These are the consequences of generic and industry-specific ERP solutions. The above discussion will definitely help you to understand the factors of consideration you need to choose one. But it highly depends on the business purpose, business management procedures, business scalability. So, generic and industry-specific ERP software is both solution providers of businesses. And it solely depends on business to choose one of them as per their business.
Would you like to know: The Best ERP Software for Small Businesses