March 19, 2022
An Enterprise Resource System helps you keep your house business in order. Not only does it ensure not only maximal utilization of your resources, it can give you an edge over competitors, helping you gain agility.
However, there comes a time when the software that should be an advantage to you starts to become a burden. It is important to identify the indicators that point out when it may be time for an ERP change. This article aims to help you recognize those indicators, so you can make the changes necessary to keep your business profitable and ahead in your industry.
Indicators that Your Business Needs an ERP Change
ERP Software Can’t Keep Up With Business Needs
Your business model and strategy must change with time for you to keep up and compete in a fast-changing industry. As an essential part of your operations, your ERP needs to be updated with one equipped to handle the new environment.
More so, your business needs had changed from when you were just starting out. It is difficult to scale your business while still relying on a software solution you had when there was less staff. The business will find itself adjusting to make room for the software’s inadequacies instead of the other way around.
The catch is that it is difficult to know how much redundancy there is in your current ERP system until you try out a new one. Then you realize how much the software has been holding your business back.
ERP Software is Getting Cumbersome to Use
Earlier ERP solutions were notorious for being difficult to use. The steep learning curve makes the onboarding process for new employees longer, more tedious, and more expensive. Not to mention the clunky, confusing interface makes it a chore to use and discourages your staff from taking full advantage of its features.
An ideal ERP solution will be intuitive to use, with a user-friendly interface that encourages data input. Therefore, when your ERP software starts to hinder your employees’ ability to do their work effectively, it is time for a change.
You lose money when your business does not agree with your ERP software. The inefficiency starts piling up from licensing and maintenance fees for the software. Outdated software leaves room for cracks, where waste accumulates, losing you money.
ERP with cloud computing solutions removes the need to spend so much on in-house maintenance. And the cost of switching is mitigated by the pay-as-you-use model.
Clients Leaving Because of Poor Customer Experience
One of the cheapest ways to provide more value to your customers without much cost is by improving their experience with you. Research agrees that brands will lose up to 60% of their customers to poor customer experience.
These days your ERP solutions can help communicate billing and shipping details to your customers without additional effort from you. As you keep track of your materials from vendors and partners, clients will also be able to keep track of their production timeline in real-time.
Lack of Access to your ERP Outside Work
New technology has to be leveraged to gain throughput in business. With the abundance of support currently available for mobile devices, it puts you behind when you are not taking advantage of increased accessibility.
Employee productivity is increased when they can access the ERP outside of work. They can update their logs and contribute to work when they are not on-site by logging in through their mobile phones and laptops.
ERP solutions with cloud compatibility make all these possible in a seamless way. In addition to the increased productivity, you are able to achieve a more coherent network where information flows more smoothly.
An ERP solution that is adaptable, easily accessible, and cost-effective will improve your throughput through the roof. In most cases, businesses can already sense the inadequacies of their current software but hold on because of the uncertainty and costs of switching to a new solution.
Infor solutions take away these problems by providing a system that is intuitive to use, tailored for your business, with flexible plans. Learn more on how Infor solutions can transform your business here.