Risk Mitigation for SMEs Implementing ERPs
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Date
2019
Authors
Stewart, Tyler
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Journal ISSN
Volume Title
Publisher
University of Oregon
Abstract
ERP systems offer benefits to businesses through cost reductions, efficiencies, and building competitive advantages (Aversano, Di Brino, Guardabascio, Salerno, & Tortorella, 2015). However, research indicates ERP implementations have high failure rates (Saxena, Dempsey, & Mcdonagh, 2016; Iskanius, 2009). SMEs evaluating ERP adoption face risks different from larger enterprises (Stefanou, 2013). SMEs can make better decisions towards ERP implementations through risk management. This study presents information about ERP implementation risks for SMEs and risk mitigation approaches.
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Keywords
enterprise resource planning, ERP, small and medium enterprises, SME, small business, risk management, risk mitigation, open source ERP, ERP implementation failures, critical failure factors