Supporting start-ups with scenario techniques ...
Common challenges for start-ups
In addition, many start-ups rely heavily on Excel spreadsheets and cloud-based software solutions, which often leads to fragmentation and inconsistency of data. It is not uncommon for the effort required to collect the data for financial reporting to be high because the necessary data is stored in many places in the company.
Decision-making tends to be faster in start-ups than in older companies, which makes it a challenge for ERP software suppliers, who quite often have their difficulties with the required ERP implementation time.
It is often more difficult for start-ups to find and then implement the right ERP solution because the company is strongly growth-driven. There are rarely resilient scenarios of how the company will define its process flows in 2 or 3 years. Therefore, some decisions are and must be supported by scenario techniques.
At the same time, investors demand reliable statements. To make matters worse, a potentially suitable ERP software must also be able to support new, future processes that are not yet known.