Here’s a pop quiz for you: how many data sources can your ERP system connect to? You might think that this open-ended question wouldn’t have a right or wrong answer, but it actually does.
If you find yourself saying, “Well, our ERP system can only connect to one or two data sources,” that’s a bad thing. Read on to learn why your ERP system’s inability to connect to a variety of data sources is a sign that you should consider replacing it.
You might read the heading above and scratch your head. “Why would my company possibly resemble a farm?” you ask, perplexed.
Here’s the major similarity between farms and firms: silos. In the case of businesses, the silos contain information, not foodstuffs. The difference is that at companies, silos contain information. And that information might be redundant, inaccurate, out of date, or a combination of the three. It’s most certainly inaccessible, so the data doesn’t help anyone.
ERP systems began to be popular in the late 1980s and early 1990s. At that point, technology hadn’t progressed to the stage where it was easy to share information between various systems.
That obstacle didn’t stop the number of systems at an organization from growing. As such, the amount of data stored within those systems grew, too. Thus, a situation developed in which information became locked up across the company, and efforts to unify it were fraught with difficulty and frustration.
The days are long-gone when you could get away with connecting your ERP system to one or two data sources. Now, the success of your business depends upon how quickly you can access accurate, timely information. And that information isn’t always in your ERP system.
You might discover that you’ve got vital, mission-critical data lurking in your CRM… except you can’t connect it to your ERP. So, you’ve got to waste time and effort to find that crucial information. It’s possible that by the time you find it, you’ve missed a business opportunity that could have led to your expansion into a new market, reaching a different audience, or introducing a new product. Can you afford to miss out on those chances?
ERP systems, like other technological solutions, are supposed to enable the free flow of business. Here’s the problem: sometimes, the solutions that are meant to facilitate your corporate processes can actually impede them.
If that’s the case, it’s time for a new ERP system. You need technology that will allow you to drive your business forwards, not one that will hold it back. Today’s ERP systems connect to multiple data sources, ensuring that finding information is fast, simple, and easy, so you never miss another opportunity.