When is it time to replace your ERP software?

The software that you decide to use to run your business lies at the heart of its smooth day to day operational capabilities. Therefore, regularly making sure that it is fit for purpose is a very important task. As with any technology, whether it is software or hardware, the basic requirements are that it gets the job you need doing done to your specifications. One of the most important systems for many businesses these days is an Enterprise Resource Planning (ERP) process management tool and knowing when the time is right for an ERP software replacement is key.

Functionality

Many back office functions related to technology, services and human resources are covered by ERP software, and so perhaps the biggest warning sign to look out for when ascertaining whether or not yours is past its expiration date is deciding if it no longer supports the needs of your business and if it now lacks the capabilities to do so. For example, if accountants are still having to use other software as a workaround, that is a sure sign that the ERP system needs changing.

Slow response times, a lack of flexibility to adapt to changing customer demands, high operating costs and an inability to integrate with new technology or other systems are all pointers that suggest your ERP has reached the end of its usefulness.

Improvements

By updating your existing system or replacing it with a newer one, you can expect to see improvements in productivity and therefore profitability too. If you think you are falling behind your rivals and competitors, you need to take action. Making sure that your business software tools are cutting edge is one of the most positive steps to take.

With there now being a great emphasis on data security, it is also paramount that cyber safety is a high priority for any business, especially when it comes to complying with requirements from regulators regarding how you store and deal with third-party data.

Good ERP

Modern ERP systems have built-in capabilities to ensure they are compliant, and they also make it far easier to allow access by employees from anywhere at any time. A properly chosen and implemented ERP system can not only help push up sales and improve customer service performance, but it can also increase efficiency while reducing costs at the same time.

Business technology is changing week by week and the speed of evolution shows no signs of slowing down. This means that older and outdated systems are falling behind more the longer they are used, but in contrast, a new system can be 'future proofed' to a great extent.

Controlling change while limiting the disruption to the daily running of your business can be tricky if you don't have all the information you might need, which is why we provide industry-leading advice and support for our customers to help them make the right decisions about software and hardware.

If you want to find out more regarding the latest developments in ERP systems and how they could have a positive impact on your business, get in touch with us today.