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21 Reasons to upgrade your ERP

Outdated processes. Slow reports. Disparate data. Too expensive to maintain. Does this sound like you? You’re not alone. These are common challenges that older ERP systems are causing, and they’re not going away.

Regardless of what industry you are in, at some point you start wondering whether you should make the switch to an enterprise resource planning (ERP) system or upgrade from the old platform.

Creating Business Smarts @nabeelmahmood As you evaluate the effects of your current software on your productivity, you need to keep in mind certain factors. It is important that you assess if your business processes have become less efficient or if the system lacks functionality. You should also determine if your business requirements have changed throughout the years, which could be one of the reasons why your existing system is no longer valid.

Just because your ERP software was the best option a decade ago doesn’t mean that it is today. Chances are that your business has evolved and your business requirements have also evolved with your business. Thanks to Digital Progression, IoT, BI, AI & your customer’s expectations have changed too. To get motivated, here’s a list of 20 challenges that lead organizations into taking the first step towards updating their ERP software. Make the change before the end of 2019 and you’ll be prepared for your business to be its most competitive in 2020 and beyond. Do any of these ERP challenges sound familiar to your business?

  • Tribal Management

  • Spreadsheet inaccuracies

  • Little to no visibility

  • Disconnected data and integration challenges

  • Data delays that lead to lagging decisions

  • Inefficient business processes

  • Reports no longer relevant and expensive to modify

  • Slow report generation

  • Lengthy Budgeting Process

  • Lack of good business intelligence (BI) and analytics

  • Can’t always answer customer and vendor inquiries efficiently

  • Disconnected remote employees

  • Not scalable

  • Inability to collaborate

  • Mobility not supported

  • Can’t take our company to the next level

  • Outdated technology is slow and inefficient

  • Vendor no longer supports product

  • Vendor no longer provides product updates

  • High total cost of ownership

  • Not meeting current business requirements

Though disruptive, the rewards gained from a well thought out ERP project enable organizations to meet goals and objectives as a result of:

  • Streamlined processes

  • Improved efficiencies

  • Cost savings

  • Improved data integrity

  • Better decisions

  • Better tools

  • Improved visibility into new opportunities.

If you are considering an ERP software evaluation, Deep River can help. We’ve been helping businesses meet their business goals and objectives with technology since 2012. Our team of seasoned Infor consultants is available to help you when you are ready to take the next step. Connect with us today.

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