Businesses sometimes fail to see the fact that features and functions that were most relevant at the time of implementation are now outdated. Let’s check five different warnings that tell a change in ERP Solutions is inevitable,
Your ERP is becoming expensive
Older systems become increasingly expensive to operate, especially if the software has been superseded and is no longer supported by the developer. You keep on spending countless time and dollars upgrading your legacy ERP system still there will be another upgrade just around the corner so ultimately Total Cost of Ownership (TCO) is blowing out and it’s inevitable. Your company is stuck in ‘revision prison’ and suffers from downtime and unhappy customers, neither of which will give you the long-term success of your business.
Your ERP isn’t keeping up with changing regulations
If most of your workforce is working remotely or on-the-go, your old system may not have the mobility functionality to keep up. A top criterion for most organizations’ next ERP system will be multiple points of access, including mobile. Users will expect deeper integration with key systems like customer relationship management and project management systems. And if your company encountered a sudden increase in demand or an opportunity to expand, would your ERP system be able to scale?
Your ERP isn’t cloud-based
As companies seek to stay current on the latest technology; Spending on public-cloud-based, vertical-specific applications is expected to significantly increase in near future, in 2019 discussion won't be surrounded with analysis of whether cloud-based ERP is the right course for the organization. It will be around “When?” or “How quickly?”, if it has not made the shift already. Upgrading your ERP system to the cloud means retiring your old approach to business management applications and no longer having to procure, install, maintain, and manage the infrastructure.
Your ERP isn’t compliant
While compliance is a key objective of the ERP system, tax compliance is often overlooked during implementation. Growing companies often face a critical hurdle: how to scale operations to keep pace with expansion. This is primarily due to companies not fully realizing the impact ERP tax compliance tools can have on the business and underestimating their value. This typically leads to upgrading or adopting new systems to handle the increased operational workload.
Your ERP doesn’t deliver real-time Information
Customers, suppliers, and partners expect direct access to billing, shipping, and inventory data. They don’t want to call someone to get this information and you don’t want to generate unnecessary customer service calls. If you have to dig for up-to-date information, critical decision-making is slowed and the capacity to problem-solve effectively is impaired. Spreadsheets are a favorite way for many businesses to carry out analysis, but how can you possibly get a real-time view or be fully-confident in your data if everything must be manually consolidated?
ODOO ERP aces in all these aspects because it’s the most cost-effective all-in-one Management Software which is also most user-friendly in comparison to all other traditional ERP systems. So, if you are planning for a new ERP application, we would recommend you to speak to our Business Consultant once who can guide you to choose the best ERP for your business.