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Why your business should consider moving to a modern ERP platform

For many businesses, the Enterprise Resource Planning (ERP) platform is the central nervous system, the backbone, and the heart of operations. Replacing your ERP platform shouldn’t be done lightly and, when you do, it’s important to make sure the platform you choose will serve and grow with your business in the long term.

Enterprise Resource Planning

If you’re in charge of ERP in your business, you wield an enormous responsibility. Getting the right ERP solution for your business takes a balanced approach - to the product itself along with the partner you choose to implement and support it.

ERP has been around since the 1990s. Since then, relentless evolution and improvement have seen many iterations of ERP, each with more functionality and capabilities than the last. Failing to take advantage of the most modern ERP systems can prevent businesses from reaching their potential, so it’s essential to move to a modern ERP platform.

Cloud: the hallmark of a modern ERP platform

Modern ERP solutions go well beyond simple accounting and finance functionality. They deliver an all-in-one business management solution that manages finances, operations, sales, and customer service. They leverage data and analytics to help businesses make smarter decisions, and they deliver real-time information so businesses can act faster to take advantage of opportunities or pivot away from threats.

However, one of the most important features of a modern ERP solution is that it’s cloud-based.

While this may seem inconsequential, it’s actually one of the most significant changes in the history of ERP.

In the past, ERP implementations were behemoth projects that took months or years, required a massive upfront investment, and introduced huge risk to the business.

These ERP projects were just as likely to go wrong as they were to be successful. The cost and time it took to get an ERP project off the ground was such that businesses found themselves wedded to legacy systems long after the solution had stopped delivering real benefits.

Now, with cloud-based systems, businesses can get up and running with a powerful ERP solution faster, with less risk, and more successfully. Cloud deployment means:

  • you’ll never be stuck on an old version of the software
  • you’ll be able to increase value year-on-year
  • you can continuously improve your operations and your use of the ERP solution to get more benefits
  • your users can access the ERP solution on any platform, from any location, through browser-based interfaces
  • you don’t have to worry about disaster recovery and availability, because that’s provided by the vendor
  • ERP comes as part of a value-add platform like Microsoft Dynamics 365, offering advanced business intelligence, the ability to create your own apps and workflows, and machine learning that injects insight to help you make better decisions.

The value of a long-term view

When people are tasked with choosing a new ERP system, it’s often because the old system isn’t fulfilling your needs right now. That makes it tempting to choose a solution that will fill those immediate needs; but in doing so, you could overlook a far more important selection criterion, which is how well the solution will support your needs into the future.

This is where a modern ERP system steps up. The cloud-based deployment means you’ll get access to the latest features and upgrades as soon as they’re available without having to invest in a massive upgrade project. So, as your business grows, your ERP platform can grow with it.

In fact, you can start as small as you need to deliver fast results, then add more as it makes sense for your business. This approach dramatically lowers risk, demonstrates quick wins, and lets you manage budgets more effectively, since you only pay for what you use.

Find out more

This blog is part of a series on Microsoft Dynamics 365 Business Central. To find out more about how Intergen can help you realise the benefits of a modern ERP solution, contact us today.

Posted by: Steve Scarbrough, General Manager Business Applications, Intergen | 24 September 2018

Tags: ERP, Microsoft Dynamics, Business Central, Dynamics 365 Business Central, Enteprise Resource Planning, ERP Modernisation

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