While some businesses may use this time to rework some of their existing processes, others will use the time to review their existing business solutions and tools, and invest in more advanced, updated solutions.
One of these solutions is a new ERP system that could bring about monumental changes to your business. However, how does one know that it’s time to relook and reinvest in a more updated, modern system? Here are four ways in which to identify whether it’s time to move on and invest in a new ERP solution:
1. Your system is no longer supported
One of the most obvious indicators that you may need a new system is that your existing system is no longer supported by its author, which usually means that no further upgrades will take place. This can cause havoc for a business that is looking to improve its business practices. New, modern, and high-quality ERP systems use leading-edge technologies and are designed with the future in mind.
2. Your business has outgrown your current system
Some businesses grow at a rapid rate, while others take five to ten years to scale. Either way, organisations can quickly outgrow their ERP systems if the solution provider was not able to think with the future in mind. One way to predict whether or not your business has outgrown its current solution is to look at your staff component – has it grown from just a few feet on the floor to more than 50? Or have you grown from 500 employees to 5000? If you have seen staff growth of this kind, you may want to review your existing solution.
3. Your business is changing but your ERP solution is not
There is no denying the fact that your business can change in a number of ways, from new products and services to new markets. However, if your ERP solution cannot keep up, it may be detrimental to your business. It is absolutely imperative to ensure that your ERP solution aligns with your business growth and, if it cannot do so, it is important to invest in a solution that can.
4. Your user experience is too complicated
An ERP solution is designed to make your business processes easier to manage. If the user experience of your existing system is too complicated, it is important to review the way in which your staff have been trained, or assess the system altogether. At the end of the day, an ERP solution should make your life easier and if it no longer does so, a better solution should be implemented.
In essence, a good and reliable ERP solution should assist you in growing your business in a smooth and sustainable manner. If this is no longer the case, we recommend an upgrade. For more information on tailored ERP solutions, contact us.