Five Reasons to Install a New ERP System
Each year brings with it an opportunity for organizations to do better. From simple resolutions aiming at increasing efficiency and productivity to smoothing out the production processes, an organization could invest in a variety of objectives through the installation of ERP.
Your organization might have its own priorities and limitations – budget, productivity, resources, and alignment, to name a few. The right Enterprise resource planning (ERP) System would just set the things straight helping you to extract the maximum by reducing operational costs, smoothing the procedures, tracking real time info along with an array of other benefits.
You might already have an ERP System for your organization (or might not!), but this is the perfect time to install a new ERP, if:
- Legacy systems are approaching the end of life cycle
The legacy ERP that you are carrying forward from years now might be just old enough to keep a pace with your changing needs. The obsolete technology it is based upon, the hardware compatibility and the programming language used might not be supported anymore. Analyzing real-time information, accessing the system from various departments would just be an issue. This is the case with most of the ERP System which were developed in the era of Y2K. Today, Enterprise Resource Planning (ERP) come with an all-new architecture, helping you fetch the maximum out of your business – and thus convincing you to install a new one!
- Limited system functionality
Your organization is growing, the business processes are evolving and so should be Enterprise Resource Planning (ERP). Your existing ERP System might just not be able to support the new and better business processes that your organization is following now. The difficulty of using a system which is slow and which doesn’t support current business requirements like accounting, business intelligence, and reporting – would force you to think to install a new ERP System.
- Lack of agility
Installed ERP system that is no longer flexible enough to accommodate customization and changes as to your current business operations. In such a scenario, it would be only wiser for the customers to look for more updated technology options. After all, who would like to interact, inquire and seek answers from a system which is not able to respond in time? Recognize the red flag, and get yourself a new ERP or end up losing your customers to a more technologically wise sound competitor!
- Limited growth
An outdated ERP system would hinder your business’ growth. The Enterprise Resource Planning (ERP), if is not able to deliver the required support as is required by the changing business processes would obviously end up hampering your development – depleting your market value and making you devoid of important insights.
- Operating costs
Sit and calculate how much you are investing in your legacy ERP system. The regular updates, modifications, and customization along with hardware and software incompatibilities and reduced productivity are just interfering with your growth. And not only this, they are further bringing the operating costs to an all-new high level. Calculate the total cost of running an old ERP and compare it with a new ERP system – latter would outperform the former!
Hence, it is just better to get your organization a new ERP rather than losing customers and third party partners just because your technology is not flexible as per the needed.
Need help? Look no further than Synergix Technologies Pte Ltd your local Singapore ERP company to get a free product demo!