Visual learners start here!
Prefer to read? Can’t watch the video on your office computer?No problem! Keep reading for a written explanation of what you need to know to make the most of this popular ERP vendor comparison tool. When you open the Nucleus Research Value Matrix, one of the first things you’ll notice is a scatterplot that shows each of the ERP systems the report covers ranked on usability and functionality. This scatterplot serves two purposes. Its big picture purpose is to give you an idea of how ERP vendors are positioned in the market. But, it’s more important purpose, especially when being used to create a vendor shortlist for your ERP buying decision is to help you home in on the vendors which are likely to be a good fit for your business. To do this, you need to first decide which quadrant of the scatterplot best describes your business. It’s an easy mistake to assume that those in the upper right-hand corner (Leaders) are the best ERP solutions out there. However, that is not true for every business. For example, if you are a startup just buying your first ERP, it is very unlikely you will need all the features included in the “Leader” programs. In fact, they would probably just overwhelm your staff and slow things down, rather than helping to improve productivity as intended. On the other hand, if you are in a highly regulated industry, or one with very specific needs, you will most likely be looking for an ERP in the “Expert” category. Although these systems may take a little more time for users to learn, they offer functionality others do not.
Click to downloadOnce you’ve decided which quadrant you fall into, your ERP vendor shortlist is done! Now all that’s left to do is find the one that is the best fit for your needs and budget. Ready to explore some of the most popular ERP solutions available today?