5 ERP Replacement Signals Every Growing Business Should Look Out For28 Jun 2018 | by Vittorio Menichelli
ERP software has the ability to streamline your operations and increase productivity, no matter what the size of your organisation.
However, as your business grows, your ERP system may struggle to keep up with the increasing complexity. When this is the case, it is important to identify the ERP replacement signals as it may be time to upgrade your system or even start shopping for a completely new solution.
Here is our list of the top 5 ERP replacement signals that growing businesses should look out for
#1 You Have to Use Another Program
Enterprise Resource Planning software should provide you with the ability to keep everything within the same database. This includes everything from finances to human resources. One of the main benefits of ERP is that you have a single program as opposed to using multiple programs in order to get the job done.
If you find that you suddenly have to invest in another program because your ERP software is incapable of providing you with the desired level of functionality, it may be time to replace your existing software.
#2 The System is Slowing Down
In some instances, a system will slow down after you have entered so much data. Not all solutions are capable of dealing with big data. As a result, you will find that even the simplest tasks take longer to perform. When this happens, you may not be able to increase the speed, which means that you might not have chosen a scalable ERP solution. If this is the case, upgrading or changing solution might be the the best option to keep up with growth.
#3 It isn’t Cloud-Based
There are a number of cloud benefits. If your ERP software is housed on your server, you are limiting yourself tremendously. You won’t have access to any of the data or reports when you are on the go. If you require a financial report while you are on business travel, someone will need to run the report and email it to you. Not having data available in real-time can make it more difficult to make important decisions regarding operations.
Cloud-based solutions offer you more flexibility in the workplace.
#4 New Features are Not Present
There are a lot of companies that have grown dependent on their ERP systems. When you invest in ERP systems, you need to look at the various features that are present. It’s possible to manage your finances, HR, procurement, supply chain, and more within your system. However, if you are lacking the latest features and there is no availability to choose add-ons, you may be limiting yourself. This means that you may not be able to enjoy the level of profitability and productivity that other businesses have.
Taking the time to explore new ERP systems may be what’s needed to improve your operations and expand your technology.
#5 Integration is Poor
Consider the various processes that you use in order to keep your business up and running. Various departments should be able to integrate into your ERP system. This will involve integrating the system into your operations, allowing you to streamline everything.
It’s important to explore your ERP requirements to ensure that you choose a software solution that can improve workflow while also helping to a line of the different departments that you have. You can receive real-time information through reports, lower operational costs, as well as enhanced collaboration. However, if your integration is currently lacking, it may be time to upgrade your system to one that can provide a more consistent infrastructure as well as high user-adoption rates.
ERP is only as helpful as the system’s features allow it to be. You want to do everything you can in order to improve efficiency while reducing risk. If you pay attention to the replacement signals, you will know when it’s time to upgrade your system so that you can enjoy a greater level of functionality and begin lowering both management and operational costs.
As growth put additional pressure on your internal systems, your business needs to look out for the five key ERP replacement signals.
Things like islands of information, system speed and lack of functionality can translate in poor performance for your business. When the time comes, you might be presented with the options of upgrading your current system or replacing it with a new ERP software.
At Leverage Technologies, we have helped hundreds of businesses implement the right Enterprise Resource Planning to grow smart. For more information or to speak to a consultant call us on 1300 045 046 or email firstname.lastname@example.org today.
Vittorio Baiocchi Menichelli is Marketing Manager at Leverage Technologies. Leverage Technologies helps companies streamline their operations and increase efficiency through the implementation of Enterprise Resource Planning (ERP) and other cloud-based solutions. Vittorio is passionate about all things marketing, tech and innovation. His goal is to help Australian small and mid-sized enterprises to discover, understand and choose the right technology to drive new efficiencies and grow smart.