New digital technologies have provided companies in all sectors with improved productivity and a reliable way to optimize often complex processes. As a result, the ERP systems of older companies have had to adapt to the digital transformation in order not to become obsolete and avoid becoming a competitive disadvantage.
Although many companies already have systems that have helped them automate a large part of their processes , there comes a time when the need to implement a new software becomes evident. For this reason, it is important to identify in a timely manner when it is time to change it.
If you are an accountant, you must know that there is a number of situations that can arise in a Company that set off the alarms of a clear need to change ERP. To help you identify those cases, we will tell you the main reasons why it is necessary to make this change.
1. Obsolete software
There comes a time when ERP systems do not meet the demands and needs of an organization and their parameters fail to adapt to the new scenarios and competition faced by the Company. To remain competitive and avoid delays, companies need to innovate and develop new technologies that help them stay current in the market. This is when it becomes necessary to bet on a more efficient ERP.
2. Risk of losing data
When companies handle great volumes of data, it is necessary to use reliable systems with high levels of protection to help back up all vulnerable information. If the company’s ERP does not have advanced fail-safe features, it is very likely that your customer needs to invest in a new one that is more secure and able to protect customer and supplier data.
3. Inability to adapt to new regulations
Generally, countries tend to change government rules and regulations, such as taxes, for example. Companies need to adapt quickly to these changes, especially in invoicing cases. Therefore, if the company’s ERP does not offer the capacity to make these adaptations, it is advised to change the system.
Companies, especially SMEs, aspire to significant growth in the medium and long term and therefore require systems that evolve at the same pace. If you have a system that stops the possibilities of expansion of the company, it will be necessary to change ERP and bet on one that meets both current and future demands and meets its scalability.
The process of implementing a new system of this type requires investment, time and planning. However, they are completely necessary processes to keep the company up to date and on par with new technologies, as well as to manage information in real time. Failure to do so may result in a decrease in performance and productivity, and the organization may be eliminated by the competition.
At the same time, it is important that everyone in the organization understands and operates the software fluently. Ideally, choose ERP software vendors that offer technical support and have features that best fit your company’s needs. In this sense, NetSuite ERP is positioned as a great alternative and at Fusionworks we can help you with its implementation. Contact us!