With the pressures of business and keeping pace with the day-to-day work tasks, it can be difficult to find time to step-back and reflect. A bit like noticing your own personal ageing – day to day you just don’t spot those small signs, but maybe you’re not bouncing out of bed quite the way you used to, or spot those new laughter lines your face has earned, until you see your reflection in a mirror.
Just like that fantastic new ERP solution you acquired just a few years ago – when installed it was leading edge, it had all the latest features, came with some integration as well, and it saved you so much time and money. Is that still the case?
The degradation of any business system is also a gradual process that businesses just naturally adapt to over time. Back then it was OK for the reporting to be a monthly process, as spreadsheet-wizards pulled together data from disconnected systems. It was normal for data and company information to be held in spreadsheets and emailed around, outside your secure systems, and no-one really spotted the absence of any ERP solution road-map, delivering those all important new enhancements to keep pace with your businesses change!
More than 90% of consumers said they would consider taking their business elsewhere rather than work with a company that uses outdated technology
For small and midsize businesses (SMBs), deciding to overhaul your accounting software or business management systems may seem like a daunting task.
But what is the real cost of trying to maintain a system that is no longer keeping up with demands? Whether the result is lost sales, customer dissatisfaction or compliance risks, failing to update your technology can be a costly decision.