In the constant struggle between budget and innovation, more companies are feeling pressure as the business world moves forward in the digital age. Core software systems are certainly no exception, but the real question isn’t so much as whether to update them at all, but when to do so. How do you know when it’s time to install a new ERP system? Keep these four key points in mind, and you’re well on your way to progress.
You definitely need an ERP system if:
1. Your performance window looks nothing like it does in reality, and transferring information feels like taking a commute on a bucking bronco…
As people demand more real-time information for their business decisions, you’ll want a window of your data that’s accurate and immediately accessible. ERP allows you to do this with its cloud-based capabilities instead of only in monthly increments with traditional legacy software.
2. You started to notice that customers are leaving you for the competition, and you can’t figure out why…
Accurate product information directly impacts your consumers’ buying experience, so if your inventory isn’t quite right, an ERP system can help you manage it better. Company software affects customer deliveries too, so consider updating your system to see a difference.
3. Your core data is not backed up — and is just waiting for the ‘perfect storm’ scenario…
Imagine this: You’re working on a critical deadline in your legacy software when all of a sudden, your 20-something-year-old CPU decides to kick the bucket – and toss all of your data out the door in the process. Backing up your data to a new ERP system will prevent this nightmare from ever happening to you.
4. Your legacy software should really be in a museum; and it’s eating your money and growth opportunities…
Many companies who work with old, outdated systems do so because they think they’re saving money on their bottom-line budget every year. But the reality is that they actually miss new customer – and income – opportunities when they spend their time nursing old systems instead.
It’s never too early to upgrade to ERP, and if you act now, you’ll appreciate the benefits years to come.
