Upgrading ERP Systems: 6 Signs That Tell You It's Time

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Upgrading ERP Systems: 6 Signs That Tell You It's Time

ERP System

Regardless of the type of business you operate, having an efficient and modern enterprise resource planning (ERP) system can help your organization remain competitive and succeed instead of just survive. But like everything else in business, ERP systems can become outdated too. Rapid digital transformation and operations getting complex every day are major reasons for it.

An inefficient ERP solution results in business instability, lower productivity, and revenue. If your business is suffering these, you are in a dire need to upgrade your ERP system. Here, we have put together a list of key indicators to help you better gauge and determine the right time for upgrading your ERP system.

Poor Integration Capabilities

If your ERP software doesn’t support seamless integration with CRM, accounting or other systems, it would be impossible for you to manage every aspect of your business efficiently. Under such circumstances, you need to consider upgrading your system. Moreover, using a disjointed system would lead to data redundancies and omissions, errors and reworks, disputes and frustration among staffs.

Upgrading to a modern ERP software would solve all these problems you’re dealing with. The integrated system is equipped with advanced technologies, which saves time, reduces tedious administrative task done manually by employees, minimize costs as a single system is being used for managing all processes, and remove any type of unexpected delays.

Not a Cloud-Based System

In on-premise ERP systems, all data is stored in local servers. If these servers encounter error or malfunctioning, there are chances that businesses might lose information hosted in them. Add this to the looming disadvantage of not being able to get timely updates and lack of remote access to the data.

Alternatively, cloud ERP systems include disaster recovery feature which guarantees that all data is routinely backed up and stored safely. Being available online, they also improve the accessibility and usability of the information.

ERP System

Slow Reporting and Decision Making

Your business required accurate and updated information to make faster decisions. Without real-time information about delays in deliveries, fluctuating prices, errors in order processing or any other unforeseen issues, your business would struggle to respond quickly.

Up-to-date ERP systems have capabilities to gather and analyze huge volumes of live data to support informed decision-making. These applications increase the visibility across all operations and help you manage them more efficiently. Also, predictive analytics feature in the modern ERP software enables users to foresee expected delays to the schedule and accommodate the change without losing productivity.

Unable to Scale

As your business grows, the amount of data and the number of processes also increases. Old ERP systems lack adequate flexibility and struggle to maintain high levels of efficiency needed to keep up with the demand of the shifting landscape. Thus, the growth and scalability of your business can be largely hindered by an obsolete system.

Latest ERP applications include state-of-the-art features that can help businesses handle complexities better, respond to new requirements more efficiently, and streamline cumbersome operations. These systems are flexible enough to scale effectively as your organization grows.

Lacks Mobility

Growing businesses are becoming increasingly remote and demand working on the move. This can be achieved only with the help of leading-edge features and new levels of functionally, which a legacy ERP software lacks.

An advanced ERP system allows you to access real-time business information on any mobile device, regardless of location and time. Thus, making a huge difference in your businesses efficiencies and enables you to make the right move at the right time, required to gain a competitive edge in the market.

Struggles to Remain Compliant

Legacy ERP solutions are not compliant with governments’ regulations and require manual updating every time they change. A huge amount of cost and effort is invested in the process to ensure your business is in compliant with the most current standards. Whereas modern systems not only help to manage regulatory compliance, they even centralize the compliance data to improve documentation.

It is quite tricky to determine when you need to upgrade your ERP system. However, while evaluating your current software, if you notice one or more of these signs, it’s time to switch.

Focus Softnet is one of the best ERP vendors in Canada, designing solutions to help your business succeed, regardless of industry sector or challenges. Our team of experts would guide you through choosing the appropriate ERP software and smooth implementation of it. Click here to learn more.

Upgrading ERP Systems - 6 Signs That Tell You It's Time

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