4 Signs It’s Time to Upgrade your ERP System.
Your Enterprise Resource Planning (ERP) system is intended to increase productivity and support your business processes, such as accounting, human resources, supply chain management to name a few.
ERP systems aren’t a cheap, short-term investment so it’s understandable you want to keep it going for as long as possible, however they do become out-dated and inefficient, making it harder for your business to achieve goals and grow. Unfortunately, it’s down to you to spot the red-flags that signal it’s time for a change, so we have put together a list of the key signs that your business is being held back by the current ERP system.
1. Your data is on separate, disconnected systems
Using several different systems to manage data is not only inefficient, but also detrimental to the business. The systems cannot communicate and share the information; therefore, some data may be lost or misinterpreted, resulting in someone having to go and amend the mistake and re-input the data. This puts the information’s credibility at risk, aswell as wasting man-hours at the expense of your business. Integrating your disparate systems will provide you with an end-to-end view of your business and leaves you able to make smarter decisions based on accurate data.
2. Cloud Compatibility
Cloud computing is revolutionising the way businesses operate, and studies have shown that most of the 22% of the companies that go for cloud-based ERP solutions appreciate cost savings as a result. If you’re currently using an on-premise ERP, it would be wise to check if it is cloud compatible, if not, it could be time to start looking at a new one. Microsoft Dynamics NAV / Business Central can be deployed as either a cloud-based solution or on-premise, so it gives you flexibility to move if your business strategy changes. It also puts the user experience first, enabling you to work from the office, at home or via a mobile device on the go.
3. You’re struggling to meet customer expectations
Not only does working off disparate systems make it hard to view data, it can also impact on the customer experience. If you’re managing stock then it is critical you have a full view of your business, minimise unfulfilled orders and most importantly, that your customers are kept happy. Departments within your business will also want to deliver value to customers at every touchpoint, so prioritising leads and up-selling to the customer to ensure a seamless experience is key, however if you’re failing to do this, customer relationships will eventually start to fail too. An integrated system that allows you to manage all these components from one place could be the answer.
4. Your software is holding you back
We often see businesses adapting their processes to fit with their ERP system. This isn’t the most effective way to operate as your business software should grow with you, not restrict you. If your system is old, this is probably holding you back. Despite version updates the technology may still be outdated in comparison to what is on the market today. Microsoft Dynamics NAV / Business Central offers a flexible solution that will adapt to your needs and processes and expand with your business.
Upgrade your ERP system with PragmatiQ Solutions
Microsoft Dynamics NAV / Business Central is an easily adaptable Enterprise Resource Planning (ERP) solution that helps small and medium-sized businesses automate and connect their sales, purchasing, operations, accounting, and stock management.
There were 3 main reasons why customers chose Microsoft Dynamics NAV over competitors:
- Features and functionality
- Microsoft integration and ease of use
- Vendor relationship
If this post has resonated with you and you would like more information on upgrading your ERP software, we’re on hand to advise on the best solution for you. Using Microsoft Dynamics NAV, you too can discover the power of ERP software to connect your departments and grow your business. Get in touch and start your journey with PragmatiQ Solutions today.