3 signs it’s time to upgrade your ERP solution
Since Enterprise Resource Planning is, by definition, about making your employees more productive and your business more competitive and profitable, isn’t it time for you to take a closer look at your solution?
In every business owner’s dream world, all of the processes that are essential to running a business, such as inventory and order management, accounting, business insights, human resources, and customer relationship management, are streamlined into one complete system. An ERP system running on all cylinders makes everyone across the entire organization more productive, provides a line of sight into all business functions and improves the bottom line, so you can focus on your customers.
Chances are, you and the rest of the management team know it’s time to upgrade your business system(s). Because of that, you might recognize some of the following:
1. Productivity is on the decline.
There are tell-tale signs that your employee productivity is getting bogged down. Do any of these sound familiar?
- Employees are duct-taping and paper-clipping workarounds for systems that aren’t doing the job.
- There are multiple, discrete systems that aren’t automated or integrated. Information is hanging out in silos and on hard drives.
- The same information is entered by hand into multiple systems.
If your business is experiencing this, you’re not alone. None of these things are unusual for busy and growing businesses.
Implementing the right ERP system provides an integrated and automated environment, gets people back to work and eliminates errors.
2. Limited line of sight into business performance.
Simply ask yourself and others on the leadership team this question: Do you know where money is coming from, where it’s going, how inventory is holding up, and how to get in front of issues before they are actually issues? Line of sight is always a priority for business leaders.
The right ERP solution provides real-time visibility into business performance, so you have the answers before you need them.
3. Your existing solution is entirely on premise.
It’s not necessarily a bad thing if your solution is on premise. In fact, that might be the very best answer for your business. But if it’s been a while since you have upgraded, and if your leadership team hasn’t looked at cloud and hybrid solutions, then you may not be optimized. In fact, you are probably missing out on new features that have become standard in the industry. And missing those features can be frustrating your employees and putting you at a competitive disadvantage, as well.
In order to stay relevant and profitable, ERP software vendors are adding business-critical elements to their offerings and vastly improving the experience. You owe it to your business to be aware of those improvements.
Your modern ERP solution will provide employees access to accurate information that enables them to make better decisions faster, places your business in a better position competitively, and provides real-time line of sight into critical business functions. The right business software helps to eliminate redundant processes and systems and dramatically lowers the overall cost of doing business.