ERP Requirements Gathering Template Checklist:

Speed up your ERP selection process, request for information (RFI) or request for proposal (RFP) by downloading our free ERP requirements list Excel template. Our ERP requirements Excel template provides you a structure and a list of functionality to build your own RFI or RFP requirements list to distribute to ERP vendors. 

The ERP requirements template from ERP Research covers:

  • Financial Management
  • Procurement
  • Inventory Management
  • Project management and accounting
  • Supply Chain 
  • Asset Management
  • Human Capital Management
  • Reporting & Analytics
  • Technology - information security and cloud hosting

This ERP requirements template is a free download which comes in Microsoft Excel format and it can be changed to create your own customised ERP requirements template suiting your specific business needs and used as an ERP RFP template. 

Download ERP Requirements Excel Template:

Enter correct contact details as it will be sent to your inbox.

ERP Requirements Template & ERP Requirements Gathering Checklist

What is an ERP Requirements Gathering Checklist?

An ERP requirements list, ERP RFI & RFP template or ERP selection template (as it is widely known) is a document which catalogues the requirements for an ERP project. The ERP template is used during request for information (RFI) and request for proposal (RFP) interactions between organisations and ERP suppliers.

The document outlines ERP vendor selection criterias and specifies the features and functions that a company needs it's enterprise resource planning solution to cover. It also acts as an ERP evaluation template and includes information on other topics that are important for an ERP evaluation, including data security, integration and user experience. The ERP requirements specification document should also provide an area for potential solution providers to give feedback on the functionality their solution provides including functionality, implementation, license and services costs.

We recommend that your ERP business requirements template provides as much detail as possible to potential ERP suppliers and vendors, so that they can accurately respond. It's also important that you have internal agreement amongst your ERP project team on what the ERP requirements template is asking for.

What is an ERP Requirements Template?

An ERP requirements list, ERP RFI template or ERP selection template (as it is widely known) is a document which catalogues the requirements for an ERP project. The ERP template is used during request for information (RFI) and request for proposal (RFP) interactions between organisations and ERP suppliers.

The document outlines ERP vendor selection criterias and specifies the features and functions that a company needs it's enterprise resource planning solution to cover. It also acts as an ERP evaluation template and includes information on other topics that are important for an ERP evaluation, including data security, integration and user experience. The ERP requirements specification document should also provide an area for potential solution providers to give feedback on the functionality their solution provides including functionality, implementation, license and services costs.

We recommend that your ERP business requirements template provides as much detail as possible to potential ERP suppliers and vendors, so that they can accurately respond. It's also important that you have internal agreement amongst your ERP project team on what the ERP requirements template is asking for.

How to Build an ERP Requirements List

Our ERP requirements template is the perfect place to start your ERP evaluation process.  Here are the recommended best practices for your ERP evaluation:

1.  Decide your ERP Deployment Model

Firstly it's important to consider whether you are purchasing and evaluating Cloud ERP or On-Premise ERP software. This is the starting point of your ERP requirements gathering process. Our ERP requirements template includes criteria for selecting both On-Premise and Cloud ERP software.

2. Finalise the scope of your ERP Project

Before evaluating ERP software, it's critical to ensure you have a firm understanding of your ERP project scope. This means you need to understand which ERP modules and features will be part of your ERP evaluation and requirements selection. Common ERP features can include the likes of:

Financial Management & Accounting

Accounts recievable, accounts payable, financial consolidation, cash management, treasury management, budgeting, multi-GAAP, invoicing, invoice automation, bank reconciliation, multiple legal entities, accounting localizations, expenses and travel management, approval processes, auditing.

Human Resources Management

Recruitment, applicant tracking (ATS), onboarding, compliance, learning and development, career progression, payroll, benefits, intranet, employee wellness and wellbeing.

Sales & Distribution

Invoicing, e-commerce and customer portals, sales and marketing automation.

Project Management & Professional Services Automation

Project and programme management, resourcing, expenses management

Stock & Inventory Management

Picking and packing, barcode scanning, RFID tracking, first in first out FIFO.

Manufacturing & Production

 

Robotic Process Automation & Artificial Intelligence

 

Analytics & Business Intelligence

Realtime business analytics and analysis, database, data management.

 

3. Document & Prioritise your ERP Requirements

It's important to document your ERP requirements and prioritise them properly using our ERP requirements template. This allows you to speed up your ERP selection process by ensuring your organization is aligned on the most important features and elements.

 

4. Distribute your ERP Requirements to ERP Vendors

Once you have tailored and finalised our ERP requirements template, it can be circulated to potential ERP vendors such as SAP, Oracle, Netsuite and Microsoft Dynamics.  Alternatively, you can also circulate your ERP requirements checklist to specialised partners depending on your organization. If you are a small or midsized business, you may prefer to work with a local ERP boutique partners.