Your enterprise resource planning (ERP) system, whether it’s used for accounting, human resources, supply chain management or other business processes, is intended to help increase workforce productivity and boost your organization’s bottom line in this competitive market.
When your business has made a major investment in ERP technology, it’s natural to want to keep it going for as long as possible. However, like any technology, your ERP system can quickly become outdated and inefficient, preventing your business from achieving its business objectives. Every ERP has a lifespan–could you imagine using a 90s ERP system today? Unfortunately, unlike a carton of milk, an ERP system doesn’t come with an expiration date.
Instead, you must look for red flags to identify what’s happening with your system and decide when to make the change. Begin by asking yourself some questions to check in on your ERP system and make sure it’s still working for you. For instance, Is my ERP still the right fit? Is it working efficiently and helping me to grow my business? Am I getting the most out of this crucial business investment?
So how do you know when it’s time for an upgrade? Here are five clear and unequivocal signs that your current ERP solution’s days may be numbered.
Your ERP has reached end-of-life (EOL)
Your ERP does not support next generation technology
Your ERP is not integrated with other systems
You aren’t in the cloud
Your team is suffering from low productivity
So how many of these situations hit home? If you’re having doubts about the efficiency of your existing system and considering a new system “go live” this year, now is the time to get started.
Did you know that you are at least 6 months away from deployment if you start today?
In our experience, this is a typical timeline for rollout out a new ERP system
NEED ERP CONSULTING TO DRIVE A SUCCESSFUL ERP IMPLEMENTATION?
If you are planning for a new ERP system or optimizing an existing system, Bridgepoint can help. We have a large team of consultants who are here to help you make the most of your implementation. Our services combine extensive ERP implementation and integration experience with industry best practices, detailed project management and a proven methodology to launch and sustain your new system. We will work with you to identify opportunities to optimize the system and ensure that it has the capacity to grow along with your business. Request a free consultation or explore our comprehensive Technology Consulting services and areas of expertise.
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How To Know When It’s Time To Upgrade Your ERP System
As a Managing Principal for Bridgepoint Consulting, Michael leads the firm’s growth strategy and Technology Consulting initiatives, which help organizations leverage technology to drive full-scale business transformations. The practice specializes in designing and implementing innovative solutions that allow organizations to grow and scale efficiently. He has over 30 years of experience with integrated business solutions, including as managing director at KPMG Consulting, where he oversaw the planning and implementation of HR and finance business solutions for a range of organizations.
Michael has a bachelor’s degree from Austin College with an emphasis in accounting and computer science. He is also a Certified Public Accountant* in Texas and a Certified Internal Auditor.