This will help to take correct ERP decisions and way forward

1. ERP** – Enterprise Resource Planning
An integrated business application
Presented by
Sanjiv Arora,
CISA, CISM, CGEIT, CHPSE
sa@tech-controls.com
Www.tech-controls.com
** Core Banking Solutions
(CBS), Hospital / Hotel
Management Systems (HMS),
Insurance Management
Systems or Industry specific
solutions are all ERP
equivalents

2. ERP : Why is it necessary?
Opinion #1
Businesses can not survive without
technology
A good business application can make or
break business
Correct ERP product selection depends on
unbiased consultants and vendors
You must ‘Service the Customer at any cost’
You must SURVIVE and be PROFITABLE

3. ERP : Why is it necessary?
Opinion #2
SME – Segment
Business complexities are not any
different from companies like
Fortune 500's
 Reliance, Wipro, Infosys, Tata’s
Excise, Taxation and returns
Regulatory compliance
Sox, PCI etc

4. ERP : Why is it necessary?
Opinion #3
Net worth of organizations is
evaluated on -
Information Assets (data,
know how, mature processes)
Physical Assets (Buildings,
cars, plant and machinery )
-As per Gartner
With timely information and
knowledge, take informed
decisions
85%
15%

5. ERP : Why is it necessary?
Opinion #4
Protect business from LARGEST growing
CRIME = White Collar crime
Manage confidentiality of information
Define procedures, processes and role
based authority
Verify the transaction through history trails
Monitor User activities
Manage productivity of factories and
Employees

6. ERP : Why is it necessary?
Opinion #5
IT Act 2000, Sox, PCI, ISO, HIPAA and
other Regulations, are in place
In India
RBI guidelines for banks, Financial and
Insurance companies
NSE for stock brokers
SEBI for public limited companies (clause
49)
Company Laws
Taxation
Business

7. ERP : Why is it necessary?
Opinion #6
IT is unavoidable, as…
IT Governance
(Well managed IT hardware, software
applications, Systems, Secure
Information)
Good internal controls
(Managed processes
and procedures)
Corporate Governance
(Well managed enterprise /
Managed Business Risk, IT is
Aligned)

8. ERP : Why is it necessary?
Opinion #7
Only CONSTANT in Business = Change
Plan, prepare and be ready to implement
changes with ease
Business Requires Solutions TODAY,
Long drawn ERP implementation are passe
Organization adapts to changing
Customer requirements
Global competition
Profitability Crunch = Profits are internal

9. ERP : Why is it necessary?
Opinion #8
Should Addresses 80% of business problems
Covers most business processes
Certain business functions perform best,
when kept manual
Lower your expectations
Keep complexities out of ERP, if volume is low
Only 80% of any software is usable which satisfies
only 80% of the users.
Derivative of Pareto principle

10. ERP : Why is it necessary?
Opinion #9
Ideal Business Solution
Easy, simple and user friendly
Reasonably priced
Understands diverse businesses
Low cost to procure, implement and Maintain

11. ERP : Why is it necessary?
Appropriate business decision
Consider Open source Open ERP, BI,
Database Solutions
After a detailed cost and justification
analysis.
Consult Experts / Risk Advisors / IT
Strategy Consultants – NOT ERP
VENDORS
After all it’s your business !