20 Sep 2019

Should We Upgrade Our ERP System?

The Top 3 Reasons It’s Time to Switch:

Globalization, increasing competition, and the constant need to expand revenue bases while cutting costs are among the many changes significantly impacting organizations across all industries. It’s tougher than ever to be competitive, and as a result, too many businesses are saying, “We just cannot!” when it comes to accessing data and real-time operational insights. To keep up, organizations are leveraging modern ERP solutions like Sage Intacct to make smarter decisions, collaborate effectively across departments, and comply with changing financial regulations.

Your Current ERP Solution is Holding You Back.

Today’s business leaders expect their organization to evolve and grow quickly and confidently, leveraging digital technologies to automate processes and control costs. If your business isn’t reaching those milestones, then it may be that your old-school accounting or ERP solution is too inflexible, complex, and outdated to promote future success. Instead of making you more agile in the face of rapid changes in your market, these legacy systems are actually increasing inefficiencies that undermine organizational profit margins and growth.

If you recognize you’re not working effectively and lack the flexibility you need, then you’re ready to incorporate a more modern solution. Moreover, if you’re still not sure whether you need a new way to manage your business, here are three strong reasons to upgrade your ERP system – sooner than later!

1. Grow your business with confidence

Your mandate to grow is always a priority. That means you need to keep up with evolving market conditions by ensuring that your business is agile, responsive, and connected. Today’s ERP solutions integrate and streamline your departments.

2. Real-time business decisions

The right solution provides real-time reporting business intelligence for executives, managers, and leaders who need to see what’s going on across their businesses. It provides built-in analytics, delivering deeper insight into operations while accelerating reporting, communications, and decision-making.

Additionally, your solution should include: 

  • Real-time monitoring of performance and costs
  • Actionable data intelligence for accelerated reporting
  • Communication and integration across all departments with a single view.

3. Reduce IT costs

Modern ERP and accounting solutions were built to provide the functionality, security, and scalability at a fraction of the cost and complexity of legacy ERP systems. They also simplify the management of international trade across suppliers, contractors, partners, and customers and can manage a global business. Think global compliance, multi-entity and multi-currency capabilities. In short, reducing IT complexity frees up resources, enabling businesses to focus on more important projects.

Ready to make the switch? Have more questions?