{"id":2570,"date":"2024-11-05T04:27:15","date_gmt":"2024-11-05T04:27:15","guid":{"rendered":"https:\/\/everbluepartners.com\/?page_id=2570"},"modified":"2024-11-16T16:11:13","modified_gmt":"2024-11-16T16:11:13","slug":"why-finance-should-be-your-first-stop-on-the-erp-journey","status":"publish","type":"post","link":"https:\/\/everbluepartners.com\/pt\/2024\/11\/why-finance-should-be-your-first-stop-on-the-erp-journey\/","title":{"rendered":"Why Finance Should Be Your First Stop on the ERP Journey"},"content":{"rendered":"

[et_pb_section fb_built=”1″ admin_label=”Banner” _builder_version=”4.27.3″ _module_preset=”default” background_enable_mask_style=”on” background_mask_style=”diagonal-bars” background_mask_color=”#232262″ background_mask_transform=”flip_horizontal|invert” background_mask_size=”custom” background_mask_width=”100%” background_mask_height=”0%” background_mask_position=”top_center” background_mask_blend_mode=”overlay” custom_margin=”||||false” custom_padding=”20px|20px|10px|20px|false|true” hover_enabled=”0″ collapsed=”on” global_colors_info=”{}” background_enable_image=”off” sticky_enabled=”0″][et_pb_row _builder_version=”4.24.2″ _module_preset=”5138c454-be54-4233-bd3b-f8e6a8747976″ hover_enabled=”0″ locked=”off” global_colors_info=”{}” sticky_enabled=”0″][et_pb_column type=”4_4″ _builder_version=”4.23.1″ _module_preset=”73121f80-a3ef-4484-8763-c3f18e3c56d2″ global_colors_info=”{}”][et_pb_heading title=”Why Finance Leads the ERP Charge” _builder_version=”4.27.3″ _module_preset=”f0c675ea-2574-4d0e-b725-30f8550a8550″ title_level=”h2″ title_font=”IBM Plex Sans|–et_global_body_font_weight||on|||||” title_text_color=”#338373″ title_font_size=”18px” title_letter_spacing=”1px” title_line_height=”1.4em” custom_margin=”||10px||false|false” hover_enabled=”0″ title_font_size_tablet=”13px” title_font_size_phone=”13px” title_font_size_last_edited=”on|desktop” locked=”off” global_colors_info=”{%22#023047%22:%91%22title_text_color%22%93}” sticky_enabled=”0″][\/et_pb_heading][et_pb_heading title=”Why Finance Should Be Your First Stop on the ERP Journey” _builder_version=”4.27.3″ _module_preset=”ddeb8c09-9078-4424-bc15-2efb6572e28e” title_font=”IBM Plex Sans Condensed|IBM Plex Sans Condensed_weight|||||||” title_text_color=”#232262″ title_font_size=”72px” title_line_height=”1.15em” max_width=”84.2%” hover_enabled=”0″ title_font_size_tablet=”40px” title_font_size_phone=”24px” title_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}” sticky_enabled=”0″][\/et_pb_heading][et_pb_text quote_border_color=”#219ebc” _builder_version=”4.27.3″ _module_preset=”2c55a9c4-feed-423b-9edb-ae0b5b365cac” text_font=”IBM Plex Sans|IBM Plex Sans_weight|||||||” text_text_color=”rgba(0,0,0,0.64)” text_font_size=”17px” text_line_height=”1.75em” link_font=”|IBM Plex Sans_weight|||||||” link_text_color=”#023047″ quote_font=”IBM Plex Sans Condensed|IBM Plex Sans Condensed_weight|||||||” quote_text_color=”#111111″ header_font=”IBM Plex Sans Condensed|IBM Plex Sans Condensed_weight|||||||” header_text_color=”#111111″ header_font_size=”72px” header_line_height=”1.15em” header_2_font=”IBM Plex Sans Condensed|IBM Plex Sans Condensed_weight|||||||” header_2_text_color=”#111111″ header_2_font_size=”50px” header_2_line_height=”1.2em” header_3_font=”IBM Plex Sans Condensed|IBM Plex Sans Condensed_weight|||||||” header_3_text_color=”#111111″ header_3_font_size=”32px” header_3_line_height=”1.3em” header_4_font=”IBM Plex Sans Condensed|IBM Plex Sans Condensed_weight|||||||” header_4_text_color=”#111111″ header_4_font_size=”24px” header_4_line_height=”1.4em” header_5_font=”IBM Plex Sans Condensed|IBM Plex Sans Condensed_weight|||||||” header_5_text_color=”#111111″ header_5_font_size=”18px” header_5_line_height=”1.4em” header_6_font=”IBM Plex Sans Condensed|IBM Plex Sans Condensed_weight|||||||” header_6_text_color=”#111111″ header_6_line_height=”1.5em” width=”88.2%” custom_margin=”||||false|false” custom_padding=”|0px||||” hover_enabled=”0″ text_font_size_tablet=”15px” text_font_size_phone=”14px” text_font_size_last_edited=”on|phone” header_font_size_tablet=”40px” header_font_size_phone=”24px” header_font_size_last_edited=”on|desktop” header_2_font_size_tablet=”28px” header_2_font_size_phone=”20px” header_2_font_size_last_edited=”on|phone” header_3_font_size_tablet=”22px” header_3_font_size_phone=”17px” header_3_font_size_last_edited=”on|phone” header_4_font_size_tablet=”18px” header_4_font_size_phone=”15px” header_4_font_size_last_edited=”on|tablet” header_5_font_size_tablet=”15px” header_5_font_size_phone=”14px” header_5_font_size_last_edited=”on|desktop” header_6_font_size_tablet=”13px” header_6_font_size_phone=”13px” header_6_font_size_last_edited=”on|desktop” locked=”off” global_colors_info=”{}” sticky_enabled=”0″]<\/p>\n

Implementing a new ERP system can feel like a massive project, especially in the fast-paced world of retail. But here’s a pro tip: always start with finance. It might not sound glamorous, but trust me, finance is where the magic happens. Let\u2019s break down why leading with finance in your ERP project is the smartest move for your retail business\u2014served with a side of fun.<\/span><\/p>\n

[\/et_pb_text][et_pb_button button_url=”https:\/\/everbluepartners.com\/contact-us\/” button_text=”Learn More” _builder_version=”4.27.2″ _module_preset=”1bffc0fc-42a0-49d1-bd9a-ae3ade2d7206″ custom_button=”on” button_text_size=”14px” button_text_color=”#FFFFFF” button_bg_color=”#1084bd” button_border_width=”0px” button_border_radius=”100px” button_font=”IBM Plex Sans|700|||||||” custom_padding=”12px|24px|12px|24px|true|true” locked=”off” global_colors_info=”{%22#219ebc%22:%91%22button_bg_color%22%93}” custom_padding__hover_enabled=”off|desktop” custom_padding__hover=”|28px||20px|true|false”][\/et_pb_button][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Blog” _builder_version=”4.27.2″ _module_preset=”default” custom_margin=”0px||||false|false” custom_padding=”0px||||false|false” locked=”off” collapsed=”on” global_colors_info=”{%22gcid-36fd78a7-34bc-404d-873c-dafa34efaae5%22:%91%22colorEnd%22%93}”][et_pb_row _builder_version=”4.18.0″ _module_preset=”5138c454-be54-4233-bd3b-f8e6a8747976″ global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.16″ _module_preset=”73121f80-a3ef-4484-8763-c3f18e3c56d2″ global_colors_info=”{}”][et_pb_heading title=”\u201cMoney Talks\u201d\u2014So Let\u2019s Listen” _builder_version=”4.27.2″ _module_preset=”c33f07d9-41e0-421a-8799-5799df695cce” title_level=”h2″ title_font=”IBM Plex Sans Condensed|IBM Plex Sans Condensed_weight|||||||” title_text_color=”#111111″ title_font_size=”50px” title_line_height=”1.2em” custom_margin=”||10px||false|false” title_font_size_tablet=”28px” title_font_size_phone=”20px” title_font_size_last_edited=”on|phone” locked=”off” global_colors_info=”{}”][\/et_pb_heading][et_pb_cta title=”Finance is the Heartbeat of Any Retail Operation” _builder_version=”4.27.2″ _module_preset=”default” body_font_size=”16px” box_shadow_style=”preset2″ box_shadow_horizontal=”16px” box_shadow_vertical=”18px” box_shadow_color=”rgba(106,202,226,0.69)” global_colors_info=”{}”]<\/p>\n

Without a good understanding of your financial health, it\u2019s hard to make solid business decisions. By implementing the finance module first, you get a real-time view of cash flow, profit margins, and operational costs across all your stores and channels. According to a 2022 Gartner report, businesses that lead with finance in ERP implementations are more likely to see immediate improvements in financial transparency, which is crucial during those high-stakes periods like holiday sales. No more guessing games when it comes to pricing strategies or figuring out where your money is going!<\/span><\/p>\n

[\/et_pb_cta][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”The \u201cGlue\u201d That Holds It All Together” image=”https:\/\/everbluepartners.com\/wp-content\/uploads\/2024\/11\/DALL\u00b7E-2024-11-04-22.29.54-A-modern-semi-abstract-image-representing-the-concept-of-the-glue-that-keeps-things-together-in-a-financial-setting.-The-image-includes-a-diverse-g.webp” icon_placement=”left” image_icon_width=”200px” content_max_width=”1100px” _builder_version=”4.27.2″ _module_preset=”default” header_text_color=”#232262″ header_font_size=”26px” body_font_size=”16px” global_colors_info=”{}”]<\/p>\n

Finance isn\u2019t just about numbers\u2014it\u2019s the glue that connects everything in your business. It touches inventory costs, supplier payments, payroll, and every single transaction at the point of sale. By putting finance first, you set the foundation for everything else. This makes rolling out future modules, like inventory management or sales tracking, so much smoother. Gartner also highlights that when finance is implemented first, subsequent ERP rollouts face fewer bottlenecks, as the groundwork for clean, standardized data is already laid. Without this solid base, things can quickly become chaotic\u2014think of it like trying to build a house without a blueprint. Not a great idea, right?<\/p>\n

[\/et_pb_blurb][et_pb_blurb title=”Keep It Compliant (and Stress-Free)” image=”https:\/\/everbluepartners.com\/wp-content\/uploads\/2024\/11\/Regulatory-Affairs.jpg” icon_placement=”left” image_icon_width=”200px” content_max_width=”1100px” _builder_version=”4.27.2″ _module_preset=”default” header_text_color=”#232262″ header_font_size=”26px” body_font_size=”16px” global_colors_info=”{}”]<\/p>\n

No one likes dealing with regulations and audits, but they\u2019re a part of life in retail. The good news? Starting with finance makes it a lot easier. A strong financial system ensures that your data is accurate and standardized from day one, making it easier to meet tax reporting requirements and sail through audits. Plus, as Gartner points out, a robust financial framework reduces the risk of errors in compliance and audit readiness, keeping things stress-free even when regulators come knocking.<\/span><\/p>\n

[\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_heading title=”Build for the Long Game” _builder_version=”4.27.2″ _module_preset=”default” title_level=”h2″ title_font=”IBM Plex Sans Condensed|IBM Plex Sans Condensed_weight|||||||” title_text_align=”center” title_text_color=”#111111″ title_font_size=”50px” title_line_height=”1.2em” custom_margin=”||10px||false|false” title_font_size_tablet=”28px” title_font_size_phone=”20px” title_font_size_last_edited=”on|phone” global_colors_info=”{}”][\/et_pb_heading][et_pb_text _builder_version=”4.27.2″ _module_preset=”default” text_font_size=”16px” global_colors_info=”{}”]<\/p>\n

Starting with finance isn\u2019t just about the short-term wins\u2014it\u2019s about setting your business up for long-term success. With finance as your foundation, integrating other functions like supply chain, POS systems, and customer management becomes a whole lot easier. And when you\u2019ve got that solid financial backbone in place, you\u2019re not just surviving\u2014you\u2019re thriving. As Gartner\u2019s research emphasizes, a finance-first ERP approach ultimately leads to smoother expansions into other business areas, ensuring sustainable growth and efficiency.<\/p>\n

[\/et_pb_text][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,1_3,1_3″ _builder_version=”4.27.2″ _module_preset=”default” animation_style=”fade” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.27.2″ _module_preset=”default” global_colors_info=”{}”][et_pb_blurb title=”Strong Foundation” use_icon=”on” font_icon=”||fa||400″ _builder_version=”4.27.2″ _module_preset=”default” header_level=”h2″ header_font=”|700|||||||” header_text_align=”center” global_colors_info=”{}”][\/et_pb_blurb][et_pb_blurb title=”Enhanced Financial Transparency” use_icon=”on” font_icon=”||divi||400″ icon_color=”#338373″ _builder_version=”4.27.2″ _module_preset=”212b201d-2c34-41bd-936c-851b7357d08b” header_level=”h2″ header_font=”|700|||||||” header_text_align=”center” locked=”off” global_colors_info=”{%22#3c3a47%22:%91%22body_text_color%22,%22body_text_color%22%93,%22#0e0c19%22:%91%22header_text_color%22,%22header_text_color%22%93}”][\/et_pb_blurb][\/et_pb_column][et_pb_column 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_builder_version=”4.27.2″ _module_preset=”default” header_level=”h2″ header_font=”|700|||||||” header_text_align=”center” global_colors_info=”{}”][\/et_pb_blurb][et_pb_blurb title=”Robust Compliance and Audit Readiness” use_icon=”on” font_icon=”||fa||900″ icon_color=”#aa00ad” _builder_version=”4.27.2″ _module_preset=”212b201d-2c34-41bd-936c-851b7357d08b” header_level=”h2″ header_font=”|700|||||||” header_text_align=”center” locked=”off” global_colors_info=”{%22#3c3a47%22:%91%22body_text_color%22,%22body_text_color%22%93,%22#0e0c19%22:%91%22header_text_color%22,%22header_text_color%22%93}”][\/et_pb_blurb][\/et_pb_column][\/et_pb_row][et_pb_row column_structure=”1_3,1_3,1_3″ _builder_version=”4.18.0″ _module_preset=”5138c454-be54-4233-bd3b-f8e6a8747976″ max_width=”900px” module_alignment=”center” custom_margin=”|830px||auto||” global_colors_info=”{}”][et_pb_column type=”1_3″ _builder_version=”4.16″ _module_preset=”73121f80-a3ef-4484-8763-c3f18e3c56d2″ global_colors_info=”{}”][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.16″ _module_preset=”73121f80-a3ef-4484-8763-c3f18e3c56d2″ global_colors_info=”{}”][et_pb_button button_url=”https:\/\/www.sap.com\/products\/financial-management.html” button_text=”Discover More from SAP” button_alignment=”center” _builder_version=”4.27.2″ _module_preset=”1bffc0fc-42a0-49d1-bd9a-ae3ade2d7206″ custom_button=”on” button_text_size=”18px” button_text_color=”#FFFFFF” button_bg_color=”#1084bd” button_border_width=”0px” button_border_radius=”100px” button_font=”IBM Plex Sans|700|||||||” custom_padding=”12px|24px|12px|24px|true|true” locked=”off” global_colors_info=”{%22#219ebc%22:%91%22button_bg_color%22%93}” custom_padding__hover_enabled=”off|desktop” custom_padding__hover=”|28px||20px|true|false”][\/et_pb_button][\/et_pb_column][et_pb_column type=”1_3″ _builder_version=”4.16″ _module_preset=”73121f80-a3ef-4484-8763-c3f18e3c56d2″ global_colors_info=”{}”][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ admin_label=”Features” _builder_version=”4.27.2″ _module_preset=”default” custom_margin=”-200px||||false|false” locked=”off” collapsed=”on” global_colors_info=”{}”][et_pb_row custom_padding_last_edited=”on|phone” _builder_version=”4.27.2″ _module_preset=”5138c454-be54-4233-bd3b-f8e6a8747976″ background_color=”RGBA(255,255,255,0)” custom_margin=”8vw||||false|false” custom_padding=”30px|30px|30px|30px|true|true” custom_padding_tablet=”30px|30px|30px|30px|true|true” custom_padding_phone=”20px|20px|20px|20px|true|true” border_radii=”on|6px|6px|6px|6px” locked=”off” global_colors_info=”{%22#023047%22:%91%22background_color%22%93}”][et_pb_column type=”4_4″ _builder_version=”4.16.0″ _module_preset=”73121f80-a3ef-4484-8763-c3f18e3c56d2″ global_colors_info=”{}”][et_pb_cta title=”Conclusion” _builder_version=”4.27.2″ _module_preset=”default” body_font_size=”16px” box_shadow_style=”preset2″ box_shadow_horizontal=”16px” box_shadow_vertical=”18px” box_shadow_color=”rgba(106,202,226,0.69)” global_colors_info=”{}”]<\/p>\n

So, when you\u2019re kicking off your ERP transformation, don\u2019t overlook finance. It might not be flashy, but it\u2019s the key to making sure everything else in your retail business runs like clockwork. Start with finance, and everything else will follow smoothly (and maybe even a little more fun).<\/p>\n

[\/et_pb_cta][\/et_pb_column][\/et_pb_row][\/et_pb_section][et_pb_section fb_built=”1″ _builder_version=”4.22.0″ _module_preset=”default” background_enable_color=”off” background_image=”https:\/\/everbluepartners.com\/wp-content\/uploads\/2023\/08\/gradient-dark-blue-futuristic-digital-grid-background-scaled.jpg” min_height=”437.8px” custom_padding=”2px||10px|||” border_width_all=”2px” border_color_all=”#1084bd” global_colors_info=”{}”][et_pb_row column_structure=”2_5,3_5″ _builder_version=”4.22.0″ _module_preset=”default” custom_padding=”0px|||||” global_colors_info=”{}”][et_pb_column type=”2_5″ _builder_version=”4.22.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_team_member name=”Kurt Ramcharan” position=”Managing Partner” image_url=”https:\/\/everbluepartners.com\/wp-content\/uploads\/2024\/10\/Kurt-Ramcharan.jpeg” linkedin_url=”https:\/\/www.linkedin.com\/in\/kurt-ramcharan\/” _builder_version=”4.27.2″ _module_preset=”default” header_text_color=”#FFFFFF” position_text_color=”#FFFFFF” position_font_size=”16px” width=”100%” custom_padding=”30px|0px||||” header_text_shadow_style=”preset3″ global_colors_info=”{}”][\/et_pb_team_member][\/et_pb_column][et_pb_column type=”3_5″ _builder_version=”4.22.0″ _module_preset=”default” global_colors_info=”{}”][et_pb_text _builder_version=”4.27.2″ _module_preset=”default” text_font=”||||||||” text_text_color=”#000000″ text_font_size=”20px” text_line_height=”130%” header_font=”|||||on|||” width=”100%” min_height=”232px” custom_margin=”55px|||0px|false|false” custom_padding=”8px|0px||0px||” text_text_shadow_style=”preset3″ text_text_shadow_vertical_length=”-0.06em” text_text_shadow_blur_strength=”0.54em” text_text_shadow_color=”#000000″ global_colors_info=”{}”]<\/p>\n

“Starting your ERP journey with finance might not sound glamorous, but it’s where the real magic happens. A finance-first approach provides the clarity, compliance, and cohesion your retail business needs to thrive. Think of it as building a solid foundation for everything else to run like clockwork.”<\/span><\/p>\n

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United States:<\/strong>
1160 Battery Street East, Suite 100,\u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0<\/span><\/span>San Francisco, California, 94111<\/span><\/span><\/p>\n

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One Dundas Street West, Suite 2500, Toronto, Ontario, M5G 1Z3<\/span><\/span><\/p>\n

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Implementing a new ERP system can feel like a massive project, especially in the fast-paced world of retail. But here’s a pro tip: always start with finance. It might not sound glamorous, but trust me, finance is where the magic happens. Let\u2019s break down why leading with finance in your ERP project is the smartest […]<\/p>\n","protected":false},"author":7,"featured_media":2582,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2570","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"aioseo_notices":[],"yoast_head":"\nWhy Finance Should Be Your First Stop on the ERP Journey<\/title>\n<meta name=\"robots\" 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