Even in times of economic uncertainty, most businesses understand there is still a need to make investments in the business to drive survival and success. Wise investments can, down the line, empower your organization to both make and save money. It’s the initial investments that can be difficult to make. One wise investment, whether it’s business as usual or navigating through a pandemic, is a cloud ERP solution such as Acumatica. Remote work has already pushed digitization forward for many businesses. If you’re not already using or considering a cloud ERP, now might be the time to invest for future ROI.
The Benefits of Cloud ERP Adoption
A recent Total Economic Impact™ (TEI) of Acumatica study by independent objective consulting firm Forrester cites the many ERP adoption benefits experienced by several Acumatica customers, including:
- 15% improvement in gross margins
- 15% increase in sales volume
- 45% increase in employee productivity
While impressive, the Acumatica-commissioned study doesn’t stop there. It found that a “composite organization based on these interviewed organizations would experience benefits of $3.5 million over three years versus costs of $2.1 million, adding up to a net present value (NPV) of $1.4 million and an ROI of 66%.” The study also noted that the payback period for investing in Acumatica’s cloud-based ERP solution is 16 months.
Prior to investing in Acumatica, each company faced challenges that hindered growth. The challenges were not always the same. Some companies were operating with legacy solutions, fragmented solutions, or no ERP solution at all, but the bottom line was that their solutions—or lack thereof—were causing them to be disconnected, inefficient, and outdated companies.
Migrating to a modern, cloud-based ERP solution became critical. Criteria for choosing their solution included a centralized ERP solution with minimal customizations; a fast, seamless, and cost-effective implementation; an affordable licensing model; and a solution based in the cloud. “We were looking for an ERP solution that understood the needs of small to medium businesses,” said the Operations Manager at a wholesale distribution company.
Acumatica met and exceeded requirements.
Acumatica Offers Astounding ERP ROI
The commissioned study, a free download conducted by Forrester Consulting on behalf of Acumatica, provides a thorough, risk-adjusted analysis of the benefits the composite organization realized, based on the information gathered from interviewed customers. These benefits (i.e. an increase in gross profit, legacy ERP maintenance savings, increase in sales, affordable licensing, and more) have been experienced by many Acumatica customers who choose Acumatica based on pricing, aggressive development, and user-friendliness.
Most Acumatica customers can expect to leverage many—if not all—of the following benefits after adding the cloud ERP solution:
- Reduced technology costs
- Dramatically increased functionality
- Rise in organic traffic
- Accurate inventory
- One version of financial truth in real time
- Faster decision making
- Employees using Acumatica instead of workarounds
- Lower operating costs
- Seamless connection to third-party applications
- Effective marketing
Benefit From Cloud ERP With Acumatica and ASI
Businesses that choose to invest in a cloud ERP solution like Acumatica can experience amazing ERP adoption benefits: boosted profits, reduced costs, increased productivity, and continued growth.
Ready to experience these benefits? Fill out the Forrester TEI Tool commissioned by Acumatica for a high-level estimate of the economic impact your organization could experience after investing in Acumatica’s cloud ERP software.
Once you’ve seen the possible results, Accounting Systems Inc. can help you make those predictions a reality. As an Acumatica authorized partner, our team has the knowledge and experience you need to get the right cloud ERP in place in your organization. Contact our experts today to find out how Acumatica can work for you.