8 Ways Legacy ERP Harms Businesses

The fact is that the world is innovating faster than ever, but ERP installations seem to stay frozen in time. It’s hard to believe that an outdated, five-year-old ERP system can be relevant to a business in a hyperactive world in which last year’s smartphone is passé and GoPro can explode from a start-up to $1 billion in annual revenue in just a few years and make an IPO with a valuation of close to $10 billion.

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8 Ways Legacy ERP Harms Businesses

The fact is that the world is innovating faster than ever, but ERP installations seem to stay frozen in time. It’s hard to believe that an outdated, five-year-old ERP system can be relevant to a business in a hyperactive world in which last year’s smartphone is passé and GoPro can explode from a start-up to $1 billion in annual revenue in just a few years and make an IPO with a valuation of close to $10 billion.

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What Are The Main Differences Between SMB Accounting Software and an ERP System?

As cloud-hosted, small business accounting apps have grown in scope, it’s become increasingly difficult to tell the difference between accounting software and ERP (Enterprise Resource Planning) software. During growth, most companies typically realise that stringing together a set of separate apps gets very challenging regardless of the added integration capabilities the software may have. Whereas an ERP customised to a company’s exact processes can provide a simpler platform for many years of growth.

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