All premise-hosted ERP systems come with an expiration date. You can usually expect to stay on your ERP system for 10 years and then it will be time to start searching for a new one. This is true for many reasons, such as your company may have outgrown that system or, it simply has become old and outdated. If your system has an old and outdated look to it, it probably also has an outdated operating system which could be holding your company back. Below we highlight the four reasons your old ERP system isn’t working for you anymore.
All the blogs and ERP discussion boards have been filled with a recent buzz word: “postmodern ERP”. No, you haven’t travelled back to your college English course. ERP has undergone multiple changes over the last few decades, and now it has officially been declared as entering postmodernity.
It is a commonly accepted fact that companies typically hold on to an ERP system anywhere from 5-10 years, but there are many companies who are using software that is even older. If you’re one of them, you may be shooting yourself in the foot. ERP upgrades or ERP migrations can be time consuming and costly, but they’re worth the investment and much more affordable than the cost of doing nothing. Here are a few ways your legacy ERP may be limiting your businesses’ success and growth.