Move beyond legacy ERP: There is a better way for manufacturers, distributors, service providers and mid-market enterprises to drive their companies forward.
It’s easy - and often justifiable - to blame rapid, unceasing technological advancements as the cause of many of today’s major challenges in industries such as manufacturing, distribution, and services. Globalization, a mobile workforce, and new apps and tools are among the many factors that have created a new reality in which:
Paradoxically, if technology is complicating your business, it can also simplify it. That’s why businesses of all types and sizes have recognized that traditional accounting software and legacy enterprise resource planning (ERP) solutions are no longer adequate to keep up in today’s business world—much less tomorrow’s. In fact, 49% of executives surveyed said they’re implementing new systems to replace their out-of-date ERP software.
ERP was developed to help organizations manage their basic finance and accounting tasks. Over the years, it evolved into a system that automates, manages, and delivers greater visibility into administration, operational, financial, HR, procurement, manufacturing, warehousing, sales and marketing, and customer service functions.
But ERP’s reputation and value have deteriorated over time, to the point where only 12% of corporate executives say they are “very satisfied” with their current ERP solution—and 59% of global companies say they are “burdened” by them. Why? Because they:
In fact, a composite organization derived from the input of several manufacturing, distribution, and services businesses say they’ve:
Not only that, but when a customer adopts old-school ERP, they often struggle to get support—particularly when they find themselves purchasing ad-hoc solutions to satisfy the immediate needs of disparate business units. These add-on tools and modules often don’t integrate well with the original solution, leading to “scope-creep” and cost overruns. This in turn tends to obstruct business processes rather than streamline them. That makes it even more difficult to generate a significant return on investment (ROI).
Mid-market enterprises are also finding that their management software isn’t able to align siloed departments and business processes. This leaves them with inconsistent data or an inability to find key information when they need it.
In fact, when Aberdeen Group asked leading manufacturers what they looked for in a new business management solution:
Recognizing this, forward-looking mid-market enterprises are deciding to replace their legacy systems with more modern business management solutions that can support contemporary challenges, streamline their business processes, and improve collaboration throughout their business and across their supply chains. It’s no surprise that for two straight years, executives have cited the need to upgrade as the most common reason they’re replacing their old systems.
They’re looking for:
When executives ultimately decide to implement a management system, they want:
The right system should provide:
As mentioned previously, a scalable, future-proof platform that can accommodate the growth and evolution of your business is extremely important. A cloud-delivered business management solution enables implementation at any stage of your business and offers the ability to grow and evolve over time by simply adding the products you need and allowing you to derive greater functionality, such as:
Oasis Solutions can help you future-proof your business and make the right decision for your business, helping you determine the next step in choosing the only business management software solution you will ever need.
Bottom line, the right business management solution will reduce the complexity of running your business, enabling you to say, “Now we can operate faster, now we can manage simpler, and now we can adapt with a whole lot more flexibility.” Let us help you make the right move to a modern ERP. Contact us below to get started.