A two-part series, Part 1 covered what it takes to mobilize the organization and lay the groundwork for implementing a planning system.
Continuing in the series, we look at the choice of tools to help get the job done. In addition to the software vendor, you will likely hire an implementation consultant team to configure and deploy the system. Establishing an informed, effective partnership with both of these players is critical to delivering a useful system.
For the finance professional, software vendor selection rarely is a core competency. This is a cross-functional project that includes multiple goals across different stakeholders is added on top of our daily duties.
In Part 2 of this series, we cover how to structure the process, understand the interactions among the various players, and negotiate the contract.