Across Australia, state and federal governments are currently devising roadmaps to recovery for businesses and the economy.
This milestone represents a crucial time for organisational leaders to consider the future of business and ensure plans, policies, and operations align with each other and with relevant roadmaps.
Many organisations believe they are doing this with digital transformation projects; however, a digital transformation is only impactful if it uses the right tools to replace and fundamentally alter existing business processes. Simply digitalising existing processes or upgrading existing tools rarely delivers the transformative benefits that organisations need.
This means organisations must choose their platforms and tools meticulously for a future-proofed business model.
Organisations need tools to adapt and survive in the new business environment. This includes scalable and flexible business platforms that fuse with new software to help shape planning for future success.
Organisations that still have legacy systems in place are hindering the process of future planning. In addition, legacy systems are often rigid, offering little to no scalability, which can slow business growth as operations cannot flex to meet new workloads.
Although many industries and organisations have seen a rapid update of new technology and digital transformation acceleration, legacy systems remain in place for many businesses. This may be creating data siloes where key information and data is lost or goes unused in decision-making and planning.
Although decommissioning legacy systems may sound like a daunting task, the benefits that a new, integrated, and scalable platform will more than prove its worth to a business.
By transforming a business not only does it reduce the risk and cost of legacy systems, but companies are also able to leverage these platforms for new market opportunities and better employee satisfaction.
Enterprise resource planning (ERP) software is an essential element for business development and planning. However, to ensure the organisation can be as adaptive as possible when planning for the likely uncertain times ahead, ERP software needs to be able to scale and adapt as businesses grow and cope with market fluctuations.
Some of the key benefits that scalable ERP software can provide for organisations include:
- Process transparency and reduced workloads
- Efficient project management
- Simplified legacy systems through automation and machine learning (ML)
- Improved business performance
- Fast, accurate data and insights to keep pace with rapid business changes.
Scalable platforms can help drive business growth and help decision-makers add value through data-driven insights and strategic capabilities. By incorporating flexible, scalable platforms and ERP software, organisations can support new business opportunities and growth momentum without getting weighed down by struggling legacy systems.
Organisations need to take this time to get prepared for the future while considering that nothing is ever set in stone. Business adaptability has been a key factor in the survival and growth of organisations, even before the pandemic highlighted its importance.
Scalable platforms play a vital role in creating adaptability and, equipped with the right ERP software, organisations can position themselves to survive and thrive going into the future.
