When you first purchased your ERP system, you believed that it would transform the way you did business. Your ERP system would make you more efficient and competitive. A number of years have gone by – do you still feel that way?
Chances are that you probably don’t, and many of the system’s users share your sentiments. One of the biggest reasons for your change of heart is because your ERP system has limited functionality. Read on to learn why your ERP’s limited functionality is holding your business back, and why it’s a good time to switch to a new ERP system.
When you first implemented your ERP system, it seemed like it could do anything. You could manage business planning, production scheduling, and inventory control all in one place. In addition, you could also connect with clients and supply chain partners.
As the years went by, these functions remained important. However, cracks began to appear in the proverbial façade.
If you feel like your current ERP system is stuck in the past, you’re probably correct. That’s especially true if it’s an on-premise deployment that predates the rise of cloud technologies.
Since the advent of ERP systems (which became popular in the 1980s and 1990s), technology has advanced further, and users expect more out of their solutions. For example, many users now expect to be able to run analytics or perform business intelligence queries. Legacy ERP systems simply don’t have that capability.
In addition, the top ERP systems on the market today work in real time. Do you want to see the most recent sales numbers? It’s not going to take hours or even a whole day – those ERP systems work rapidly to provide you with the answers you need, when you need them.
Moreover, the ERP systems of yore can only connect to a limited number of data systems. Do you want to connect to your CRM? Too bad – your ERP system won’t support that functionality.
There are some business leaders who say, “Okay, so, our ERP system is old. That doesn’t mean it doesn’t work. If it ain’t broke, don’t fix it.”
There’s a problem with this mindset. It ignores the impact that your ERP system’s limited functionality has on your company. Because your ERP doesn’t allow for collaboration, your firm isn’t as efficient. Because your ERP doesn’t have an analytics capability, you can’t derive valuable insight from your data. Because your ERP doesn’t connect to a wide variety of data sources, you can’t learn about how to make your company more efficient.
If you’ve begun to get used to hearing, “Sorry, the ERP system can’t do that,” there’s a good chance it’s time for a new ERP system. Your business deserves to be more efficient and to gain a competitive advantage – a new ERP system enables that.