1- Needs Assessment and Vendor Selection

• First Investment Company should start by conducting a thorough needs assessment of the company’s current software system and business processes to identify the gaps and inefficiencies.
• Based on the needs assessment, First Investment Company should create a list of requirements for the new ERP system, including functional, technical, and budgetary requirements.
• First Investment Company can then assist the company in identifying potential vendors that meet the requirements and provide a shortlist of the best options.
• First Investment Company can facilitate the vendor selection process, including reviewing proposals, conducting demos, and negotiating contracts.

2- Project Planning and Management

• Once the vendor is selected, First Investment Company can develop a project plan that outlines the implementation timeline, budget, and key milestones.
• First Investment Company can provide project management support to ensure the project stays on track and within budget, and identify and manage any risks or issues that arise during implementation.

3. ERP System Configuration and Testing

• First Investment Company can work with the vendor to configure the ERP system based on the company’s requirements.
• First Investment Company can also assist with data migration from the legacy system to the new ERP system.
• First Investment Company should develop a comprehensive testing plan to ensure the system functions as expected and meets the company’s needs. This can include unit testing, system testing, and user acceptance testing.