| |MAY 20228MAYBE THE CURRENT ON-PREMISES ENVIRONMENT IS HOLDING YOU BACKBy Kartik Gulani, Senior Vice President: IT/Solutions/CTO, Securitas Indias per the Enterprise Strategy Group (ESG), 2020 survey 77 percent respon-dents agreed that "Most financial approvals will be automated in the next five years", 74 percent agreed that intelligent automation was the key to regulatory compliance and that companies who will deploy emerging technologies will grow 58 percent faster than those who do not. Research shows that business leaders say their current ERP system does not meet their present requirements, let alone future plans. As a change maker, is it time for you to consider this for your enterprise?What are the key differences between the legacy ERP and modern ERP? Have you wondered when the right time is to consider a Modern ERP? The 2000 decade was dominated by the `In-prem-ise' enterprise resource planning which had exten-sive customization of business processes. These were multi-year projects making implementation's large and expensive and remained under-utilized.The world is far more complex and competitive than those times when legacy ERP was introduced. Growing volumes of data collected from operations and finance for reporting need to drive critical busi-ness decisions. In order to survive, deliver `USP' and enable growth the organization's people, products and processes need to be agile.There is no doubt that legacy ERP has been the backbone and delivered the administrative control to run the business for a decade or two. Consider-able amount of investment has been done on them however, these ERP's were not designed for usabil-ity, mobility insights and user convenience, aspects which directly impact how you fare against competi-tors in providing service to your end consumers. In order to have greater operational excellence and sales success it is imperative to evaluate new generation or modern ERP systems which harness the technological and generational change taking place in the IT industry. When is the time for `Modernization' Ask yourself the following questions.· Is the current ERP system supporting operation-al goals?· Is it able to provide ease of collaboration and in-formation? · Does it carry on being the single source of truth that cascades all operational functions?· Does it provide information transparency in real time to various management and opera-tional roles?· Are the dashboards configurable and mobile ac-cessible? · Are users increasingly dissatisfied and expect-ing the ERP to become a Smartphone app?· Has the management reporting become too cumbersome because of ERP limitations and users are moving to alternate methodologies of representation.AExpert Opinion
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