The Economy is Coming Back: Can Your ERP Handle the Recovery?

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As our economy pulls out of its long recession, many businesses are beginning to realize they put off IT purchases for too long. In particular, ERP software has been neglected as companies concerned with cash flow did not install new software as often as they had in the past. That is why an ERP upgrade should be your first priority if you haven’t done so in the past few years. Consider the following:

Your competitors are investing, can you keep up?

For the 2nd year in a row, CIO Magazine notes that nearly 50% of companies say their IT budgets will increase in the coming year. Half of that was predicted to go to application software. This means that a number of businesses are getting more streamlined and leaner when it comes to their ERP needs. If your competition is increasing their efficiencies, are you going to be able to keep up?

Businesses are still sitting on record amounts of cash

2010 saw an all time record jump in corporate cash on hand, raising the level to a record 1.84 Trillion Dollars. Despite that record, cash on hand still increased in 2011. With interest rates so low, businesses have nowhere to earn interest on that money. As the recovery gains steam, businesses are starting to re-invest that money in themselves in the form of increased purchasing. That is translating to increased demand – are your systems ready to handle that demand?

Deals on software are still out there

2010 saw deals out there for software that may never be seen again – including offers to give away licenses. But even with the economy picking up, there are still aggressive offers out there, as evidenced by Microsoft’s recent promotion.  Now is a great time to find bargains.

While it may have made sense during slow times to “get more done with less” and put off ERP upgrades, there are many compelling reasons to act now and upgrade. Contact Intellitec Solutions today to see if Microsoft Dynamics GP may be the right fit for you.

By Intellitec Solutions, Microsoft Dynamics GP Partner serving Pennsylvania

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