Five ways your ERP is letting you down and why it's time for a change
See if this sounds familiar. You've had your ERP system for some years, and everyone is used to it, but that's pretty much the only reason you're hanging onto it.
Moving to a new system may seem daunting, and if everything appears to be working, there may seem no reason to change. However, the truth is that legacy systems could be holding your business back – without features and functionality that enhance decision-making and make your business easier to buy from.
Australian ERP solutions company Wiise highlights five ways your current, on-premise ERP could be letting you down:
1. You can't see your information accurately
You need relevant, accurate, timely data to make the best business decisions.
Can you instantly generate up-to-the-minute reports and see where you are with stock, sales, and purchase orders with your current systems? How soon do you know if budgets are blowing out or if a hike in material prices or duties is eroding profits?
With a cloud-based ERP solution like Wiise, your teams can work simultaneously in a system that gives you access to up-to-date and accurate data so you can make decisions with more confidence.
There's detailed reporting across your business, so you can see exactly how you're spending at any moment. Learn more about how you can gain insight and visibility in real-time with Wiise's detailed accounting and financial management feature.
2. It's not helping you streamline operations
With Wiise, operations are streamlined with repetitive manual tasks automated, allowing your team to spend time doing stuff they love. In addition, it can be accessed anywhere, on any device, at any time, so it's ideal for new ways of working, such as remote and hybrid work.
Cloud-based software is also future-proofed. Because it gets regular security updates and upgrades - all handled by the provider - you always have the latest protection. Wiise is fully certified by BSI against international security standards ISO27001 Information Security Management and ISO27017 Cloud Security.
It's also more cost-efficient, as it no longer requires the purchase of hardware, software or annual maintenance fees.
3. Security and backups are a continual challenge
Security of systems is a genuine concern for businesses – and maintaining security and backing up data is costly. Maintaining servers to house data is also expensive, as is keeping an IT department or paying for outsourced help. However, at the end of the day, information on your customers, their purchases as well as your inventory need to be protected.
With cloud-based ERP, all that is taken care of for you.
Security updates are rolled out continually, along with new features. Backups are automated, with good providers offering enterprise-grade security, local housing of data and ISO certifications. You can be confident that your stored data is protected.
4. Custom integrations are costing too much
Trying to connect a legacy ERP system with a modern eCommerce or CRM platform is frequently a nightmare.
It either won't work at all, or at best, it's limited and clunky and likely requires a lot of manual work to get things from one system to the other.
A modern cloud solution comes with integrations from the get-go. Whether that's eCommerce systems such as Shopify or Square, or the everyday tools you use, such as Microsoft's suite of business applications, Wiise makes it easier for you to seamlessly integrate all your favourite tools you need to do business your way.
5. Scaling and growing your business isn't easy
As you scale, your system needs to scale with you.
For an on-premise setup, this means additional server space, racks, new versions and a host of other costs. It's yet more infrastructure that will decrease in value and utility and increase in maintenance costs over time while also affecting the performance of your software if not continually updated.
With cloud-based solutions, scaling up or down is just as simple as turning a tap. If you need more capacity, it's there instantly. As your business grows and your need for more data storage or more integrations increases, modern cloud-based ERP solutions give you the capability to do so without affecting performance and, in turn, your ability to access your business information rapidly.
Wiise allows you to manage data across all your entities in a single subscription to get one clear view of your whole organisation. Learn more about this feature.
Ultimately, having a future-fit, modern cloud ERP solution gives you time to work on your business rather than fight with processes. As a result, you can spend time on more important areas such as servicing your customers, offering better products, finding cost efficiencies and growing your business.
Ready to learn more? Book a 15-minute demo call with an ERP expert at Wiise.