Some ERP companies attempt to cover multiple unrelated industries, such as financial services, public sector and manufacturing, but these sectors have widely divergent needs. Even the industry vocabulary is different. You need an ERP vendor who understands your industry intimately, and where you know every employee speaks your language. This is especially important in highly regulated industries such as medical devices, food and beverage or automotive. You don’t want to waste your time training the vendor on the best practices in your industry—you want a vendor who already knows the regulations and best practices and can help you achieve your strategic goals. In addition, you will want to ensure that the ERP system includes the necessary functionality and reporting for compliance, and the best way to do that is to be sure the vendor has experience in your industry.