An Enterprise Resource Planning (ERP) system is the backbone of business innovation. As a matter of fact, an antiquated ERP might just be the only thing standing between your business and growth. In today’s competitive business environment, a robust, well-integrated, and up-to-date IT infrastructure is a key ingredient to long-term success.
But a sweeping upgrade or replacement can be intimidating and costly. Some organizations tend to operate with aging systems on the premise that the current system, “still works.” An upgrade sometimes only becomes an option—the only option—when a malfunction occurs causing the system to stop. This creates big issues.
With market changes driving competition on a global scale, can your business afford to sit and wait to update, upgrade or replace your ERP system?
How an Antiquated ERP Hurts Your Business
ERP systems older than five years old may not have the capabilities necessary to bolster today’s retail, manufacturing, and supply chain activities. They often can’t support future expansion. As software ages, eventually software vendors stop supporting certain versions. You don’t want this to happen because it will clearly put your company in a reactive mode, which is never a good place to be.
Today’s businesses are also more diverse, where a new generation of employees are rapidly joining the workforce. Today’s workers, especially those working remotely, expect an ERP system that’s intuitive and compatible with IoT (think handheld devices, smart phones, etc.). Aging ERP systems often have many manual workarounds, lower employee acceptance, and reduced quality of output.
SAP vs. Oracle Case Study
SAP and Oracle both invest heavily in cloud technology. However, our client was skeptical about cloud scalability and unsure if the products were mature and proven.
What Makes a Robust ERP System?
A fast-paced, rapidly changing business landscape requires an agile and integrated ERP system. From enhancing your business performance to allowing better decision-making via advanced reporting capabilities, your ERP system can transform the way your business runs.
It can unify your core and non-core operations, including finance and accounting, inventory, warehouse management, fulfillment, analytics and reporting, sales, customer service, marketing, human resources, and other relevant processes and departments.
ERP software should also be user-friendly to enhance the productivity of your workforce and reduce errors. Newer ERP software can offer exceptional flexibility and multiple configuration options. It automatically updates on a regular basis, and can be remotely operated and accessed in real time.
Moreover, cloud options offer a whole new and expanding dimension to ERP.
Advantages of Hiring an Independent ERP Consultant
But how do you make the move from stone-age ERP to new ERP? Seeking an independent ERP consultant is a sound choice. This greatly enhances your chance for success.
An ERP overhaul is a long and complex process, and can be a major business disruption. It has many steps. To make sure it doesn’t divert your focus from critical business operations, choose an ERP consultant that understands your line of business, and can align their solutions with your objectives.
Letting an independent ERP consultant work with you is comparable to hiring an experienced attorney to represent you in court. While you have the option to represent yourself, there is a danger of overlooking critical details and facts that a lawyer would have otherwise spotted.
ERP consultants also offer a fresh set of eyes to uncover what’s causing inefficiencies in your business processes. Independent ERP consultants like Panorama, are not tied to software companies, so you’re getting unbiased and practiced advice.
ERP systems are indispensable in achieving significant business growth and product differentiation. The right time to invest in an updated ERP system is probably now, because there will never be a good time.