How to Tell If It’s Time To Upgrade Your Decision-Making Solutions
Do you have a legacy Enterprise Resource Planning (ERP) system that requires more than 30 percent manual efforts to keep your company operations running smoothly? Are IT staff and business owners clamouring for an upgrade due to a lack of compliance and support? If your ERP system has not been updated for years and no longer meets the needs of your organization, it might be time to speak with a trusted vendor regarding recent advancements in the world of ERP software.
Learn more about the capabilities and processes of newer versions of your ERP system or replace it entirely with a modern ERP system to overhaul the way you make decisions. For example, a cloud ERP system, such as Sage X3, can provide remote access via mobile devices to allow your team to work anytime from anywhere.
Panni Management is a software consulting firm that can efficiently move your operational processes from a legacy ERP system to an updated, and far more versatile system that will allow you to meet new regulations and compliance obligations. To help you get started, here are three signs that reveal you should update your ERP system immediately:
- Limited or no mobile functionality
- Lack of standard features
- Non-compliance issues
Limited Mobile Functionality? Time for an Upgrade, Now
Perhaps you work in a more traditional sector such as manufacturing or a complex industry dependent on digital solutions, such as medicine. In any case, businesses are generally more dependent on remote access for key systems. If your ERP system does not have remote capabilities, it’s important to update your best practices. Ultimately, giving employees and decision-makers information at their fingertips can significantly impact your company’s bottom line.
How? When your CEO, CIO, CTO, and other leaders need to make immediate decisions, they can simply pull out their smartphone or other mobile devices, examine the latest analytics, and make the right call for your company.
It’s important to note that mobile apps don’t currently offer the same features as sitting at a desktop. However, moving critical reporting to mobile-friendly platforms can revolutionize your access to data whether you’re on the beach or working from another location. From expense claim approvals to contacting new clients, mobile ERP capabilities are a must-have for modern businesses.
Lack of Standard Features? Time To Move On
When you first installed your current ERP system, there might have been certain features and functions you may have thought you didn’t need at the time. Today, many of these features are standard practice and can help you increase productivity and efficiency.
Examples of these features include:
- Newer compliance features such as full backward and forward traceability
- Powerful workflow management and scheduling
- Integration with your other key software systems
- Auto-integration with the CAD software to facilitate efficient inventory management Functionality that allows for advanced planning, stock optimization, and complex problem solving
Instead of asking why you need all the bells and whistles, start by asking what the competition has or will soon have. This can help you understand common reasons for updating your ERP solution.
If you’re wondering when to update your ERP system, your business should be looking at access to more than only the standard features. Emerging, cutting-edge technology gives you the competitive advantage you need. However, chances are your old system doesn’t have it.
It’s Not Compliant? Invest in an ERP with Compliance Standard Automation
Are you still wondering when to update your ERP?
To avoid fines and loss of confidence in your brand, it’s important to do everything you can to keep up with new compliance standards. If your legacy system does not have built-in features that make this process easier, you may be putting your business at risk in a number of ways:
- You could lose your license to other software that requires proactive update policies.
- Supporting older versions of ERP software can take up an immense amount of time. Instead, with a modern ERP system like Sage X3, your software developers can focus their time and talent more effectively on business functions that drive up operational efficiency and overall organizational performance.
In an increasingly stringent global business environment, the General Data Protection Regulation (GDPR), Health Insurance Portability and Accountability Act, (HIPAA), and a multitude of other standards impact businesses, institutions, and facilities. Older versions of your current ERP system may not comply with current standards. A timely update will ensure your organization meets regulations in every process and function flowing through your business systems.
Need help determining your best options? Schedule a free demo of our Sage X3 solution!
This Is the Time to Update Your ERP Solution
At Panni, we can help you understand the costs and benefits of updating your ERP system. These include moving to a more agile management support system that can help you streamline your business processes. If you’re still wondering when to update your existing ERP system, we can help you determine whether it provides the mobile support, compliance capabilities, and standard features you need to succeed.
Contact Panni Management for help determining when to update your ERP system or talk about our innovative solutions today.