Choosing the right moment to upgrade an ERP system is never easy. As one of our whitepapers explains, there are four main symptoms of aging ERP systems: End of vendor support; low levels of integration; mobility issues; and compliance issues.
There are a variety of reasons why companies delay an ERP implementation or upgrade. Fear of change. Budget concerns. Previous experiences with ERP projects. However, many organizations are actually paying more for inefficient processes and silos of data than they would for a new ERP system – without realizing the ROI that new ERP can provide.
While upgrading your business software is a huge decision, it’s an inevitable one, and it can ultimately give your organization an edge in the market at an important junction in our history – the age of digital transformation.
Here are four signs your current ERP solution might be failing to provide the necessary platform for your business to grow:
End of vendor support
Any given product eventually grows obsolete, and the same is especially true for software. With lightning-quick advances in technology, ERP systems are becoming more powerful by the day, which means older versions can have quite a hard time keeping up.
Because developers are constantly focusing on improvements, they can’t provide the necessary support for older systems forever. As soon as support end dates are announced, organizations have to start thinking hard about their next step.
There are usually two choices – either companies avoid spending resources and time on implementing a new solution and risk becoming obsolete, or they try to future-proof their ventures by embracing a new, digital identity.
Without vendor support, fixes, patches and updates become unavailable, and so do countless opportunities to grow and keep up with the competition.
Low levels of integration
Running any kind of operation is a complex and delicate matter as numerous aspects of businesses are dependent upon each other and highly intertwined.
In order to remain as efficient as possible and keep track of different business processes, companies are increasingly relying on integrated software solutions. One of the biggest concerns regarding outdated ERP systems is the fact they weren’t built with many of today’s technologies in mind.
IoT, machine learning and communication, cloud-based platforms and infrastructure, advanced analytics tools, automated tasks and self-regulated updates – there are countless advantages to upgrading your business software. Integration is one of the most important ones among them.
One solution which incorporates and connects all these functionalities is Microsoft Dynamics 365. You can read about why it is such a brilliant and versatile system to switch to here.
There is a shift in the device landscape of the business world. According to Statista, almost five billion people worldwide are now smartphone users. It’s already clear mobile devices such as phones and tablets are much more than just toys – they are becoming increasingly important for buyers and sellers alike.
Given the high-tempo nature of business processes, having information on the go or being able to complete operations with the help of a remote device is proving to be a huge advantage for many organizations across industries. ERP systems which are not meant or optimized for mobile efficiency are clearly missing out on a lot of revenue and business opportunities.
Learn more about how you can enable enterprise mobility with Merit Solutions by clicking here.
As times change, so do many regulations, laws and requirements for companies in different industries. Take, for instance, the upcoming GDPR launch. With an outdated ERP system, especially one without vendor support, users might have yet another problem to face – ensuring regulatory compliance.
Organizations with older versions of business software risk becoming uncompliant and paying substantial fines, thus inhibiting growth and becoming trapped in a closed cycle of bad decisions.
Microsoft Dynamics 365 is a cloud-based system which can greatly reduce your risks of non-compliance by keeping you posted on everything you need to know ahead of time. You can read about how to remain compliant through cloud capabilities by clicking on this link.
While upgrading to a newer system seems daunting, future-proofing business processes is something every organization is looking to accomplish. If you’ve noticed one of the four symptoms of an obsolete ERP solution preventing you from running operations effectively, it might be time to consider switching to Microsoft Dynamics 365.