| |MAY 20229· Is there a constant need for infrastructure up-grades?· Is the Cost of maintaining the ERP and system fees increasing annually? · Does the system reporting provide answers to key business questions or do they remain unan-swered? · Does the ERP system address increasing finan-cial and compliance requirements impacting the organization?· Is the system enabling growth, expansion and winning customer confidence?· What is the competitor doing?Once you have answered these you may need to acknowledge that your current system does not sup-port your business objective and you need to have a modernization strategy that suits your business and time for modernization has come. Key concerns which a modern ERP should address · Since its primarily going to be in cloud, Ask yourself a few questions when evaluating op-tions · Is the platform secure, scalable and robust to mitigate data security and efficiency risks?· Does it collaborate People, Product and Process-es seamlessly? · Does it have all the required components, or will you need to integrate with other products?· How does it handle customizations, regular up-grades and new ERP functionalities? · Does it have the ability to become a single source of truth and deliver KPIs to lower and middle management with ease and convenience?· How good is the user experience?· To what extent is infrastructure investment re-quired.· While you move from Capex to Opex model what is the TCO? Modern ERP systems work on cloud infrastruc-ture, capitalizing on infinite resources scalable at a click, delivering data analysis and insights required for business-critical collaboration and decision making. We now stand at times when the cloud land-scape and business environment is experiencing rapid evolution coupled with mobile platforms, our work from anywhere and anytime culture requires our ERP systems not tied to legacy back office, In-premise environments. To enable growth organi-zation's need to be data driven and have insights, thus the very foundation from which one is operat-ing needs to be re-built ----- It needs to be modern-ized. Maybe the current on-premises environment is holding you back.
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