The COVID-19 pandemic has impacted nearly every element of life, from the way we shop, to the way we consume media, to the way we do business.
The needs of companies have shifted seemingly overnight, and their reliance on technology to provide business insights and facilitate basic communication has exploded. In the pre-COVID world, companies were slowly becoming more digitized and recognizing the need for advanced enterprise resource planning. Post-COVID, this technology has gone from a want to a need – company’s remote work environments and increased reliance on e-commerce has made the flexibility and speed that ERP systems facilitate an absolute necessity.
As companies investigate upgrading their ERP systems, it’s important for them to look at their most urgent challenges and be trained and prepared for their ERP transition. As ERP systems have evolved and become more customizable, their deployment speeds have slowed, and it’s become more difficult to extract business data and new acquisitions. But switching ERP systems takes time and resources, so the aforementioned challenges have largely been glossed over as companies have avoided investing the resources required to make a change.
Recent changes in business practices means that it’s more important than ever to make this shift, and to make it quickly in order to maximize effectiveness in managing supply chains, digitize finance and human resources functions and respond to consumer trends.
New ERP platforms can help companies address these areas by providing transparency into their sales performance, inventory status, production glitches and financial accountability. But most importantly, in an era where businesses are struggling to adapt, new ERP systems can provide decision-makers with instant business analysis driven by real-time data and better engage online employees and customers.
Talk to an expert for guidance on choosing the ERP solution that will help drive your business forward. Reach out today for a consultation.