When it comes to change, pain is a great motivator. Maybe it’s taking longer every month to reconcile your financials or you’re increasingly basing forecasts on guesswork. You have no real idea how much stock you have on hand, so it’s hard to be demand-driven. Increasing compliance regulations are tying you in knots.
Here are five common signs we see from companies ready to consider a new ERP software system:
Decision time has doubled. Time spent looking for information has increased dramatically.
Working capital has increased. Too much money is tied up in inventory and inefficient processes.
Redundant, disconnected software programs. You need to reduce IT complexity and unify your various front- and back-end systems with a single database – and get to one version of the truth.
Customer experience is suffering. If you can’t deliver what customers want, as fast as they want, to the right locations, you could lose to competitors. The right ERP system can provide visibility and agility to be more customer responsive and reduce errors.
Growth and expansion. If your current system can’t scale up, handle global needs, or support new business lines, it’s time to consider a change.