It’s hard to say when the best time is for ERP modernization. ERP modernization, or replatforming, is not something you need to rush into, either. It is possible to close the gaps between your current system and your ideal system by taking specific interim steps.
Here are a few things you can do to keep your current system working longer.
Have You Outgrown Your Current ERP?
If your existing system feels too restrictive, you may feel the need to modernize your ERP system. A system that worked well ten years ago may no longer be appropriate for your organization’s current needs. As your company adds suppliers, warehouses, locations, product lines, vendors, and partners, your existing ERP systems may no longer feel like a good fit.
When your company is growing so quickly that you feel as if you are constantly adding to your current ERP license, it may seem like a good time for replatforming. Cloud ERP often provides more flexibility in expanding than site-based ERP, where you pay for each license or “seat” on the system or if you pay on a per-use basis.
Emerging technology may also make you feel it’s time for ERP modernization. Many new possibilities have opened up with the Internet of Things (IoT), including stock tracking, supply chain management, fixed asset management, and more. You may still lag behind the competitors who can more quickly and easily adapt new technology if you don’t have an ERP integrated with such systems and tools.
Expand Without Replatforming
You may not have realized the possibility of using tools and extensions to bridge the gap between your current ERP system and the new needs your system is facing. If you’re trying to bridge the gap between your legacy ERP system and your unique demands, third-party software, extensions, or add-ons can be an excellent solution.
Consider the following add-ons to enhance your business’ productivity, growth, and efficiency:
Automated warehouse systems include barcode scanning software that turns smartphones and tablets into handheld scanners. This type of software typically integrates with most ERP systems. With this type of software, companies can automate inventory control and warehouse management, keep a closer eye on stock levels, and decrease excess orders.
With business intelligence (BI) software, you can analyze data to produce reports that aid people in visualizing and using data more effectively.
Customer relationship management (CRM) tools can integrate with various platforms such as call centers, e-commerce, social media, and more. They provide complete insight into a customer’s experience.
E-commerce platforms integrate with ERP systems and warehouse management systems. This kind of system satisfies customers better because it provides up-to-date inventory information and order status directly to e-commerce sites.
Software Updates for Productivity
Updating your company’s productivity software is another option. Although word processing and spreadsheets are ubiquitous, consider adding project management software and systems to improve workflow and efficiency. Agile/Scrum can significantly increase productivity even when using a legacy ERP system, and they can dramatically increase productivity, even if some training is required.
Replatforming could be the best choice for your company, but it may not be necessary right away. Contact ASI today, and we’ll help you determine the ERP solutions that your company needs to stay competitive and accomplish your goals.