Is your ERP a liability or your greatest asset? In this episode of The Fix, host Derrick Mains sits down with Teddie Reyes, NetSuite expert and founder of TFR Solutions, to expose the shocking reasons why up to 90% of ERP implementations fail—and how to ensure yours is a success.
They dive deep into the critical connection between clean process design, ERP configuration, and your company's ultimate sale value. Discover why "customization" can be a dirty word and how speaking the "common language" of systems like NetSuite can dramatically increase your business's transferability and multiple.
In this episode, you'll learn:
-The #1 reason ERP implementations fail (it's not the software).
-How to perform "Process Triage" before an implementation to identify and fix workflow bottlenecks.
-Why "tribal knowledge" is your biggest risk and how to systemize it for scalability and a successful exit.
-The "Shipping Container" analogy for building a business that is easy to understand, operate, and sell.
-The future of work in the age of AI and why "Human Resources" is shifting to "System Resources."
If you are a CEO, CFO, or operations leader considering NetSuite, struggling with a current implementation, or planning a future business exit, this conversation is a must-listen.
Keywords: NetSuite, ERP Implementation, Business Process, Operational Due Diligence, Business Exit Strategy, Scaling a Business, Process Triage, NetSuite Consulting, Teddie Reyes, TFR Solutions, Derrick Mains, The Fix, Oracle NetSuite, SaaS, Workflow Automation, System Integration, Tribal Knowledge, Business Valuation, AI in Business.
