3rd Party Software and ERP Systems in Business Network Operations

In the rapidly evolving digital era, businesses are continuously striving to leverage technology to optimize their operations. As a business owner, you may be considering whether you should integrate third-party software and Enterprise Resource Planning (ERP) systems into your business network operations. Below one of SkyViewTek’s experts discusses the complexities surrounding ERPs and third-party software for SMBs (small- and medium-sized businesses), outlining their differences, potential complications, and recommended implementation practices.

Enterprise Resource Planning (ERP) systems in business networks are integrated solutions designed to streamline and automate a company’s core business processes, from supply chain management to human resources to financial tracking. The key types of ERP systems include:

On-premise ERP systems are housed entirely within your own business premises. This classic approach offers unrivaled control over your data and system customization but necessitates significant upfront investment in hardware and the allocation of in-house IT resources for system maintenance.

Cloud-based or SaaS (Software as a Service) ERP systems are hosted on cloud services and accessed through the internet. Due to their nature, these solutions require less upfront investment and offer considerable flexibility in data access but may present concerns regarding data security or compliance.

Hybrid ERP systems combine aspects of both on-premise and cloud-based systems, giving you the best of both worlds—control over your mission-critical data and flexibility in operational processes.

Third-party software is a computer program created or developed by a different company than the one that developed the computer’s operating system.

For example, if you are operating a Windows computer system developed by Microsoft and integrate a Salesforce CRM system, Salesforce, in this scenario, is a third-party software, as it has been created by a different company than the producer of your computer’s operating system.

While third-party software may promise a solution to a specific problem, the coupling of these systems with your ERP could potentially cause problems. Potential system incompatibility, lack of seamless integration, and unexpected “hidden” costs can often ensue, leading to inefficiencies that contradict the benefits you sought to gain.

Before small and medium-sized business owners make technology decisions, speak to your go-to expert FIRST and BEFORE you sign any contracts with 3rd party vendors. SkyViewTek will help SMBs review vendor options based on their unique needs, current system requirements, and relate any additional associated costs, if any.

The decision to incorporate ERP Systems in business networks, or to add third-party software into your ERP environment should not be made lightly. Empowering yourself with accurate information is the first step to making decisions that will positively impact your business operations. Businesses can trust and rely on SkyViewTek for expert counsel and ongoing support as they navigate these significant operational decisions.

The right innovations can give your business a competitive edge and grow your business. If you need help implementing technology, especially related to business networks, cybersecurity, and IT support, contact SkyViewTek. Our team of experts offer the bench strength of an entire IT department but at a fraction of the cost. Contact us today to learn how we can help you manage your IT to grow your business.