As cloud ERP becomes the “new normal,” companies with legacy ERP systems are losing their competitive advantage. With expensive maintenance, lack of security and difficult integrations, legacy systems often stop business from evolving.
Does this sound familiar? Are you harnessing the benefits that a cloud ERP has to offer?
Benefits of a Cloud Based ERP
You rely on your ERP to run supply chain, finance, and operations. It’s an important part of how your business evolves and takes on new challenges. Don't get stuck with an on-premise ERP that won't grow with your business. Instead, look at how beneficial a cloud-based ERP can be for you:
1. Easier Updates
Microsoft found that over 50% of companies are not using an ERP system that is up to date. This means you’re risking system speed and creating broken processes because updating legacy systems is too difficult.
Legacy systems need to be updated manually. This means you must hire enough IT specialists to maintain the system and perform updates when needed.
Cloud solutions, such as Microsoft Dynamics 365, update automatically. This eliminates the need to update manually and puts less stress on your IT department.
2. Cost Reduction
Legacy ERP systems are expensive. With on premise hardware, costly IT resources, and hours lost managing and maintaining your system, you find yourself pouring money into your ERP just to keep it running.
The cloud lowers your costs by eliminating the need for physical hardware and using analytics to improve processes and efficiency. With automatic updates being pushed out by the software vendor, there is less stress on your IT resources and more time to innovate.
3. Flexibility and Functionality
If you have a legacy ERP system, you may find it’s growing pretty stagnant. Unless you take the time and money to update it, you are stuck with functions that no longer fit your operation needs. You need a system that has the agility to evolve with your business in order to give you the competitive edge.
Cloud ERP evolves with your business allowing you to grow without being held back by legacy systems. With remote employees, multiple office locations, and customers all over the world, a cloud ERP provides the functionality and flexibility you need to seamless connect and have real-time visibility into your analytics and data.
The Implementation Process
ERP systems stretch to every corner of your business. Having a plan in place allows you to get the most out of your new system. Here is what to consider before you start the implementation processes:
- Know what you want to accomplish
- Identify gaps where customizations or process changes may be needed
- Build a diverse team dedicated to the implementation process
No matter the size of your company, your ERP should be able to grow with you, meet your needs, and aid innovation. Don't be left behind by your competition. Evolve your ERP and keep up with the growing market.
Want to learn more about what a cloud-based ERP can do for you?
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