After ERP costs and benefits have been compiled throughout the project, the Panorama team works with the client to validate and finalize the business case for the overall ERP implementation.
Elements of a Business Case
- Final software and implementation cost estimates, including customization, licensing, hardware upgrade, contingency and hidden costs
- Quantified business benefits, including labor, non-labor and capital benefit opportunities, as well as a benefits realization plan outlining specifically how the client will achieve those benefits
- Projected cashflow, return on investment, payback period, and rate of return for the ERP investment
In addition, Panorama defines the specific functional and departmental areas where the client will achieve business benefits. The purpose of this task is to provide a justification for the ERP implementation, as well as to identify actions that the client should implement to optimize business benefits.