What are the most common ERP myths that impact implementation success?

The most persistent ERP myths include believing that ERPs are simple to implement, that they can solve every business challenge, and that they’re one-time investments. These misconceptions often lead to unrealistic expectations, inadequate planning, and budget overruns that could be avoided with proper understanding of ERP capabilities and limitations.

How can finance leaders avoid common ERP implementation challenges?

Success starts with realistic planning and setting appropriate expectations. Focus on strong change management, involve your team in the process, plan for adequate training, and consider integrating specialized solutions for specific functions like accounts receivable rather than forcing your ERP to handle everything.

Can we integrate payment processing solutions with our current ERP system?

Yes, modern payment platforms are designed to integrate with major ERP systems through APIs and standard data exchanges. This allows you to accept multiple payment types, automate cash application, and maintain real-time synchronization with your ERP while gaining access to specialized payment functionality.