Enable corporate agility with Dynamics 365
More than half of companies utilising an ERP are relying on an out-of-date solution – and it’s impacting their profitability.
Cloud ERPs aren’t just emerging. They’re already the standard
Current market research shows that over half of companies’ primary ERPs are at least 5 years old, a precariously long time for fast-moving markets. As a result, more than 60% of businesses with at least one ERP solution still mostly rely on legacy on-premises systems.
The evolution of ERP
It’s taken businesses more than 100 years of development to get to the present-day ERP. Older production management models like EOQ (economic order quantity) and MRP (materials requirement planning) served as recursors to MRP II (manufacturing resource planning) methodologies, which in turn were the foundation to the modern ERP – a suite of solutions meant to manage every aspect of the business.
The realities of living in the cloud
ERPs are some of the most crucial systems in a company’s solutions arsenal. Business leaders frequently cite data security as one of their chief concerns when considering a new ERP vendor.
ERP Platform upgrades are an inevitability
Reduced IT dependence and total cost of ownership
The very thing some on-premises ERP users are actively trying to leave behind – an IT-dependent internal structure – is exactly what is keeping other companies rooted in place.
Functionality & corporate agility
More than a quarter of businesses looking to move to a cloud ERP cite functionality and agility as their main reason why; another 10% are looking for easier access to data for remote employees or global offices.
Ease of updating
SaaS models like Dynamics 365 drastically reduce the legwork needed for platform upgrades. Once they are set for deployment, updates can simply be pushed out digitally by the vendor to all licences. These are almost immediately ready for use, as opposed to being installed one machine at a time by IT specialists. The problems of time and effort are almost completely neutralised.
A smarter path to implementation
Once you’ve selected a new platform for your company, ERP implementations shouldn’t be taken lightly – platforms that touch every corner of a business demand a requisite smart amount of planning. Regardless of whether you’re choosing your company’s first cloud ERP or just switching to a new primary solution, both processes should start with the same step: Clearly defining what you want your ERP to accomplish.
For many CTOs and IT leaders, this can be the most difficult stage. For starters, reaching consensus across departments on an ERP’s desired functionality takes immense, and sometimes tense, communication and planning. Mapping out exactly how that functionality comes to life is critical. This may require a specialist, in conjunction with your IT team, to properly connect all the various pieces of your ERP to the secondary platforms, or other pieces of technology that you currently use.
To help solve these problems, focus on the largest gaps between the functionality of your new system and the surrounding technologies you currently use. Then decide whether they need to be addressed with platform customisations, internal process changes or additional technology. This is crucial. Selecting platform customisations for specific teams – and weighing them against the advantages of aligning to industry best practices – can have long-term functionality implications.
For a full read about the evolution of ERP, download the e-book below and get in touch with us for a demo.