Eight reasons to dump your old ERP that your CEO will get

Over the past decade technology has transformed the broader world of business and consumer applications. But many ERP deployments remain static in spite of these changes.

According to Forrester, approximately half of ERP customers are currently on releases that are two versions behind the current release, which may be four years old or more.

Here are eight ways that aging ERP systems are holding back businesses:

1 Old ERP systems drain the innovation from your IT budget
The key to knowing how aligned your ERP systems are with your business imperatives, is measuring how much of the IT budget is devoted to innovation rather than maintenance.

Simply changing the equation and reallocating the IT budget from maintenance to innovation is almost impossible with old, on-premise ERP because every costly upgrade, patch and fix equals money and time that isn't spent on tailoring ERP to meet the needs of the business.

2 Business regulations demand fluidity; brittle and outdated ERP fails to keep pace
New regulatory changes are increasingly common today, whether for data protection, financial regulation or information security.

Out-of-date ERP systems struggle to cope with these changes, typically requiring time-consuming patches or additional manual processes.

3 Aging ERP is a drag on business agility
The web enables business to go global instantly reaching many millions of customers in a year or two, whereas it used to take a decade or more to make that type of progress.

The dramatic growth in emerging markets, businesses are looking to quickly tap opportunities in the space of months, not years, before their competitors get there.

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