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First-time ERP buyers and salespeople without any implementation experience consider implementations as plug-and-play. But while you might be using someone else's product, you first need to understand the product at a deeper level and this learning might take the same amount of time as creating your ERP from scratch. So although off-the-shelf products reduce the implementation risks and success, they still require substantial time to go through the necessary phases of software development to avoid issues in the live system.

In today's episode, we invited a panel of cross-functional experts for a live interview on LinkedIn who brings significant expertise to discuss how to manage the digital budget. We covered many grounds in this episode, including the difference between budget risks for custom development and ERP projects. We also discussed the secret sauce for making digital projects successful and strategies to mitigate risks with vendors. Finally, we discussed how to vet the vendors that are being realistic with their estimates from the ones that may be low-balling to get a foot in the door.

For more information on growth strategies for SMBs using ERP and digital transformation, visit our community at wbs.rocks or elevatiq.com. To ensure that you never miss an episode of the WBS podcast, subscribe on your favorite podcasting platform.