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.
However, like any technology, your ERP system can quickly become outdated and inefficient, preventing your business from achieving your business objectives.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 signs it’s time to take your ERP system to the next level:
1. Your ERP has reached end-of-life (EOL)
2. Your ERP does not support next generation technology
3. Your ERP is not integrated with other systems
4. You aren’t in the cloud
5. 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” in 2018, 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.
Follow us on Twitter and LinkedIn for the latest technology insights, best practices and resources to help grow and manage your business.
About Michael Johnson
Michael Johnson is a principal at Bridgepoint Consulting, where he leads the firm’s Technology Consulting Practice to help companies drive growth, transformation and improve operations. Johnson is an IT industry veteran with over 25 years of experience managing complex integrated business and technology innovation solutions. He currently manages a workforce of over twenty millennials as part of Bridgepoint’s NetSuite Consulting practice. Johnson can be reached at email@example.com.
Our thought leaders and subject matter experts can address a broad range of industry topics –across the gamut of Finance, Technology and Risk. If you’re interested, email Holly Subervi at firstname.lastname@example.org. Please include general topic and a range of event dates so we can match you to the right speaker.