There are lots of reasons why organizations delay an ERP upgrade or the purchase of a new system. A couple of the main ones we hear most often are:
- My company is too small for ERP system
- We have been functioning fine for X number of years without one
- We can’t afford that kind of IT investment
- The headache of implementing the new system is more than we can handle right now
While doing nothing may avoid short-term spending and business disruption, kicking the can down the road often only makes things worse. Especially if your reasons for delaying your ERP upgrade or purchase are either of the first two I mentioned. In that case, I have a question. Do you plan on growing in the future? If you do, it’s only a matter of time until your current manual processes really start to hold you back.
And, my guess is, at that point you'll wish you had considered the actual cost of not buying or upgrading that ERP. This cost is probably much higher than most people would imagine. Recent research from the Aberdeen group shows organizations that use an ERP system and keep it updated outperform competitors on several important metrics.
- Days sales outstanding (DSO)
- Inventory accuracy
- Percentage of deliveries made on time
- Percentage of deadlines met
- Customer satisfaction
Improving in each of these areas has the potential to make a significant impact on your bottom line. So, why wouldn’t you want to give yourself the competitive advantage of an up-to-date ERP system?
See for yourself how much you can improve your bottom line with an ERP upgrade or purchase.
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By: Laura Schomaker, Intelligent Technologies, Incorporated, a North Carolina Acumatica, and Microsoft partner.