We all know that ERP Implementations are large projects and require a significant investment of time and money. Factor in that the average life expectancy of an ERP system varies and is usually between 7-15 years, and it becomes more critical to keep your system up-to-date and on the latest release.
Think about everything that can change in 7-15 years. Kids grow-up and become adults. New laws are created. Professional sports teams move to new cities. Consumer electronics get smaller but more powerful. New Social Media sites and time saving apps appear daily. Technology advances at lighting speed, leaving your ERP system one of oldest technologies at your company.
Enterprise Resource Systems are the core to your business and key decisions are based on the data and visibility within your organizations. In 10 years, your business and industry could have changed significantly and it is imperative to have an ERP system that allows you to make well educated and timely decisions and quickly adapt to changes in your business. It is likely that there has been business expansion, mergers and acquisitions, new product lines and new industry regulations that impact your businesses. This is why staying current on your ERP system is not only suggested but necessary.
By not upgrading your ERP system, you are neglecting technology that could significantly improve your business. Newer technology provides additional features and functionality and enhanced support. It provides better user interfaces making your system easier to use and attract new staff. Technology advances such as mobile, social and ecommerce are standard in newer systems. Additionally, by staying current you make your ERP system easier to replace when the time comes.
Additional benefits of upgrading your current system include:
The reasons for upgrading are numerous. Whether you want to extend the lifespan of your current system to make future replacement easier, provide your organization with better functionality that will increase efficiency and lower costs, or whether you want to prepare your organization for future cloud deployment, upgrading your current Enterprise Resource Planning system will no doubt provide you with many benefits. Expanding your current investment will make your company easier to do business with and provide you with a competitive advantage. It will empower your employees and allow you to make quicker and better decisions. BW Design Group has extensive experience in both upgrading and replacing Infor ERP solutions, contact Scott.Cargill@bwdesigngroup.com.
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