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The differences of features and capabilities between current ERP solutions and the older versions can trigger a number of problems for a business when in transition from an older version to newer. If your business is already equipped with an ERP software, but an older version, then odds are quite high that the system might not be able to keep up with the growing needs of your organization thus, obstructing its growth. Maybe it’s time to mull over upgrading your ERP solution for the greater good of your business. Now before you do that, here are five quintessential questions to ask yourself before taking that giant leap. A meticulous consideration over these questions would help you avoid the common mistakes committed during ERP upgrade.
Your ERP solution ought to fit your business. Thus, it is imperative that the vendor you choose possesses extensive and proven experience in your specific industry vertical. Besides robust technical skills and resources, your upgrade partner and vendor must have a thorough understanding of your business.
An upgrade means instant benefits. Thus, a new upgrade that has been pre-configured can provide your business processes with the much-needed thrust. With that being said, when upgrading your ERP solution, it is advisable to focus on key factors that drive your business. For instance, factors to keep in mind include fit to business, easy to use, functionalities, integration with other business process solutions, deployment, etc. Simply put, look for drivers that can innovate your ERP implementation.
When thinking of an upgrade, ensure that the vendor has an innovative roadmap for product development, an extensive portfolio and a robust deployment/implementation plan that will offer your business with the much needed to space to evolve.
Often, businesses using older ERP versions fail to reap the benefits of novel and newer means of conducting business. For instance, imagine one of your accountant personnel accessing your company’s ERP system on the go from his/her smartphone whilst at a client’s location. Further, ERP solution with business intelligence (BI) tools help you enjoy real time reporting and analytics. This can prove to be a convincing reason to mull over an upgrade.
Cloud based ERP solutions offer a compelling value to businesses. Thus, upgrading to a cloud based or SaaS based ERP software can help curb hardware costs whilst ensuring that it has all the latest functionalities. Cloud allows a business to license the solution from the vendor at per user rate thus, easy on pockets for small businesses and start-ups. With cloud, the vendor offers the hardware, data management, support and upgrades thus, freeing up your IT and technical crew.
Read Also: 5 reasons SMBs and startups should opt for an ERP solution
These simple and basic guidelines can help in the long run, since they would help you select a robust and perfect ERP solution for your business. Often, companies that opt for upgrade receive a software that requires less overheads and customization and is simple to use. An upgrade to the most recent version helps your business to stay ahead of the curve.
To know how an ERP software embedded with BI tools and analytics can prove to be a boon to your business, contact us. You can also drop us a mail at firstname.lastname@example.org for free demo and consultation.