Migrating to a new enterprise resource planning (ERP) solution is not an easy decision. Chances are, the idea has been idling in the back of your mind for a while, but now you are noticing some telltale signs that your legacy ERP system is just not keeping up with today’s digital marketplace. For example: • Does data have to be downloaded and manually re-entered into different systems? • Are customer complaints on the rise? • Has decision-making stalled due to a lack of accurate, trusted data? • Are spreadsheets used more than your current ERP system? • Does it take an unnaturally long time to close the books? • Do you have the functionality to support new revenue models and forecasting methods? • Are you working with a variety of point solutions that are poorly integrated? • Have you (and your employees) lost trust in your data? • Has vendor support ended or have support costs skyrocketed? If the answer to any of these questions is “yes,” now is the time to start working towards a modern ERP solution. However, selecting the best one for your business today, and tomorrow, can be tricky.
Five Steps to a Modern ERP + an Acquisition Checklist to Help You Along Your Way
