ERP Due Diligence Private Equity Investors Playbook
March 24, 2022
The aim of this playbook is to provide some insights into how to undertake ERP due diligence, how to execute a successful ERP transformation program, what the key warning signs are in a potential acquisition target and provide some intrusive, probing questions that you, as a private equity investor, can ask to expose any issues or concerns within the enterprise operating system. To download a copy of this report, please complete the form below.
In every digital transformation project we undertake, there is always a question regarding whether or not we should proceed with the go-live phase. Typically, towards the end of a project, there is a milestone called the "Go/No-Go decision." This serves as the final checkpoint to ensure that everything is ready, or at the very least, that we are comfortable with the risk involved in going live. However, there are instances even earlier in a project where it becomes evident that something is amiss, and we are off track. In such cases, the predetermined go-live milestone in our plan may pose too much risk.
The beauty of growing a business today lies in the availability of numerous technologies and software that can aid in its expansion. However, it is important to understand the various types of technologies that are at your disposal. This is what I aim to discuss in this article.
During our clients' digital transformation journeys, one of the initial questions we often receive is regarding the suitable technology options available in the market. They inquire about the different software types and which one is the best fit for their organization. Ultimately, they want to know which software will enable their business growth most effectively. Today, I would like to discuss the top 10 types of business software that you should consider and understand as part of your digital transformation journey.
When guiding clients through their digital strategies and transformation journeys, one of the initial questions that arises is whether to build or buy software. Before delving into the discussion, I would like to acknowledge that most individuals hold strong opinions on this matter, particularly those with extensive industry experience. For instance, those working for software vendors tend to lean towards the buy option, while individuals employed by custom development shops or developers themselves often favor the build option due to their areas of expertise. However, it is important to transcend these biases and objectively examine the two distinct paths available in the digital transformation journey.
In the realm of digital transformation, I believe we can learn from our childhood curiosity. We should embrace the habit of asking questions, challenging the status quo, and questioning the current practices. For example, we should question why we are conducting projects in a certain way, why we rely on external vendors to dictate our project execution, or why we tend to mismanage project scopes. Today, I will discuss the importance of asking these "why" questions and identifying the areas that require such inquiries.
Third Stage Consulting Group is a global thought leader in business transformation, ERP software systems, operational change management, and business advisory. Let us take your organization’s digital transformation to the Third Stage.
