Outdated processes.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business requirements have changed throughout the years, which could be one of the reasons why your existing system is no longer valid.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Outdated technology is slow and inefficient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.