- High operating costs
Your old legacy ERP system is getting increasingly expensive to operate, especially where the software is no longer supported by the vendor, the hardware is old and unreliable, or if you are constantly installing fixes. Consider the total cost of ownership of your current legacy ERP system; often, it can be a lower cost overall to install a new cloud-based ERP system.
- Limited functionality
Your business processes have been driven for many years by the functionality of your legacy ERP system, but now your company is either growing or evolving faster than the system can support. You find your ERP system difficult to use, slow, and inflexible. It doesn’t support current business needs like Business Intelligence or collaboration (with what?). The result is that when new business opportunities present themselves in your market, your current system is preventing you from competing. Or perhaps your business model has changed and your legacy ERP system, built to support your older business model, no longer supports the changes you want to introduce and the way you need to operate going forward.
- Limited information access
Older systems are often full of information that cannot be accessed effectively without significant investment in time, effort, and cost. The decision-makers in your company are constantly frustrated by poor or limited access to the information they need to drive the business. Legacy ERP systems generally require wide use of spreadsheets to interpret and represent data of just to get their jobs done. If a function in your business cannot be supported in your ERP system, then you are no longer getting the benefits you originally paid for and the system no longer support your business needs.
- Outdated hardware
We all know that as technology becomes outdated, integration becomes difficult and can result in a loss of strategic advantage. You simply cannot succeed if you are falling behind the competition in adopting market technology advances and industry sector standards. Older hardware is typically unreliable, and support and maintenance becomes increasingly expensive as equipment is discontinued or the supplier is acquired or worse, goes out of business.
- Outdated software
Your legacy ERP software may be so old that the provider who wrote the original software has gone out of business. The original software vendor may have been acquired by another company that no longer provides support for your ERP system. For inhouse developed ERP, it may also be that the IT person who did much of the customisation left your company a few years ago and their replacements simply don’t possess sufficient knowledge about those customisations. These kind of software situations can have a real impact on the capabilities of your system to underpin your company’s growth and future plans.
Don’t put your business at risk by running outdated or unsupported solutions. Talk to K3 Retail to find out more and how together with Microsoft Fast Track, we can get you up and running for a future-ready business, enabled by world class technology today.
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