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ERP Upgrade

Figuring out the right time to upgrade your ERP depends on your company’s needs. ERP vendors are constantly upgrading their software, so if you don’t have a strategy in place, you may easily fall behind or get caught in the constant cycle of upgrades. Technology is changing and demand for owing a cloud solution or mobile platform has become a necessity. You must assess your business growth, needed functionality to support your business and put together a proper strategy to determine your ERP upgrade need.

 

The importance of upgrade:

Software vendors ensures the upgrades available for customers on a maintenance plan will improve ease-of-use in order to save you time, effort and expense, as well as a variety of new features and improvements that provide real efficiencies. By staying on the latest version, you have access to new features and capabilities and can help your business take advantage of new functionality and technology to stay ahead of your competitors. Upgrading your software can also help you:

 

  • Ensure optimal performance.

  • Comply with government regulations.

  • Lower total cost of ownership.

  • Keep up with technology advances.

  • Keep ERP experts still interested in joining your team.

 

Few signs that you are ready for upgrade:

ERP systems help a business organize their data, become more sustainable, and foster general growth within an organization. Technology is continually evolving and for optimal efficiency it is necessary to upgrade your ERP system in a timely manner. By using an outdated system you are risking business productivity, IT security, and overall customer satisfaction. A modern ERP System can help ease company operations and create greater efficiency. It is key that you to understand the following signs and upgrade your ERP system when you notice red flags.

 

  • Your ERP is not cloud ready.

  • Your ERP system doesn’t seamlessly integrate with CRM, EPM or third party systems.

  • Your vendor no longer support your version.

  • When benefits of upgrade clearly outweigh the cost.

  • When your ERP functionality is behind your business demand or technology trend.

  • Your vendor no longer supports your ERP version or software.

  • Your systems does not allow you to easily add value to your customer.

 

Mistakes to avoid during your ERP upgrade:

Decades of experience working with ERP thought us a few things. Here are some of the biggest mistakes during your ERP upgrade.

 

  • Inadequate assessment and estimate of customizations.

  • Lack of communications between business and IT.

  • Not preparing well for all levels of testing.

  • Forgetting change management is a ’must have’ and not ‘nice to have’.

  • Going live without a dress rehearsal.

  • Not addressing archiving, data conversion or security.

  • Have you had a chance to rethink your reports? One is always better than many.

 

There are many reasons why upgrade may not be the answer and you have to look for a re-implementation strategy or find a new ERP system that provides greater functionality and long-term cost savings. Customization is one of those culprits. If you have heavily customized your system for unique situations and is ready to rethink the way your ERP can handle them, re-implementation may not be a bad way to restart. If you expand your operations to new sites, invest in new production or warehousing facilities, or even grow enough to branch out into other countries, then your system may likely not be able to cope. As businesses evolve and aim to compete with the disruptors of this world, many find that they need to find additional distribution methods. Many legacy systems cannot integrate with ecommerce systems, or the integration can be performed better with newer systems.

Cloud solutions, mobile platform and how you track your expense for purchasing and supporting your ERP can also give you a strong reason to replace your current system. Implementing ERP software as a solution or infrastructure as a solution can have an enormous impact on your company, resource needed to support the system and tracking of cost as an operating vs capital expense. As technology advanced and the use of desktop to run your ERP is becoming limited, you also need to think about an ERP that can allow you to approve your worklist or your expense reports, enter your timesheet or reviewing your documents from mobile phone or tablet.

In the end, your business needs, future growth and financial capability should be the biggest driving factors for your ERP upgrade, re-implementation or need for a new ERP system.

 

 

 

Why upgrade with iLynx?

iLynx has a long history of working with ERP assessment and upgrades. Our upgrade team members have iLynx upgrade strategy, methodology and templates drawn out well enough to hit the ground running at your any large public or private sectors. Our upgrade process is cost-effective, we keep industry and technology trends in mind, we utilize experts with your industry background and the team is advised by our executives with prior in average 20+ years of ERP experience.  

Contact iLynx to request our upgrade methodology or to have an expert assess your ERP upgrade need.

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