Are You Getting the Most Out of Your ERP Solutions?

Using an Enterprise Resource Planning (ERP) system has many benefits, including optimizing operations, gaining visibility into your supply chain and simplifying business processes. But, many companies utilizing ERP solutions aren’t using the systems properly or maximizing the full benefits. Using an ERP system effectively provides much value and gives your organization a competitive advantage.

Getting the most out of your current ERP system

Blog_7.25.17_graphic1Here are 4 capabilities we think your ERP system should be enabling your organization to do.

1. Improving efficiencies
An effective ERP system will allow you to eliminate repetitive processes and reduce the amount of information that needs to be entered manually. The system should also allow you to streamline your business processes by making it easier to collect data, no matter what department in the organization your employees are in.

2. Elevating your financial performance
If your ERP solutions are helping you drive marginal revenue growth with a centralized solution that can deliver analytics in real time, then your ERP is winning. Some ERP systems, like Microsoft Dynamics 365 for Finance and Operations, can even provide intelligent automation, task prioritization and integration with other Microsoft applications.

3. Connecting operations
For the manufacturing industry, an effective ERP system that can improve operational procedures is a major benefit. A proper ERP will optimize the flow of manufacturing material with advanced warehouse and logistics management. For other industries, having connected operations helps increase quality and customer satisfaction by discovering and resolving issues in real time.

4. Your business goals are being met
When you first implemented your ERP system, you hopefully laid out a strategic plan with business goals you wanted the new system to help you achieve. Is your system still on that track? Or, is your business outgrowing what your ERP can do? We encourage companies to re-evaluate their ERP business goals annually to determine if they are still on track. If your objectives are not yet met (or on track to be met), it may be time to evaluate a modern system.

If your current ERP solutions aren’t providing your organization with these 4 basic capabilities, you are not maximizing the full benefits of your system. This could mean there is functionality you’re not taking advantage of, or that your current system is no longer the best tool for your business needs and it may be time to evaluate another solution.

When is it time to evaluate other ERP solutions?

You know it is time to start researching other options if your ERP system is not meeting the 4 basic capabilities mentioned above. You should also start looking into alternative solutions if your organization experiences any of the following:

  • Your current system is no longer being supported by the ERP vendor
  • Work is being done outside the system due to integration issues
  • Your current system is becoming obsolete technology
  • The system is not adequately supporting the needs of employees
  • The organization is growing and pushing the limits of your current IT infrastructure
  • Your current system is becoming more expensive to maintain and support
  • Your organization would benefit heavily from the impact of a modern ERP solution

Don’t lose your competitive advantage by lagging in financial and operational technology. We’ve summarized what your ERP should be doing and if it’s time for you to consider a new one, we are here to start the conversation. If your needs aren’t being met and you’d like to talk to an ERP expert about an alternative solution, contact us now.

Author: Doug Bulla, VP- Business Development

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