I am starting a new series on the top 10 things CFOs should know about ERP. Making an ERP purchasing decision can be a daunting task for any business and often companies don't know where to start. My posts for the next 10 days will shed light on the tell-tale signs that indicate whether the company needs to implement ERP for the first time or upgrade the current ERP solution to ensure profitable growth. When implemented correctly and in line with the business goals, ERP can positively impact a company’s bottom line, which is music to any CFO’s ears.
#1 Increasing IT spend with decreasing IT performance – Merely having an ERP solution does not guarantee saving your business time and money. ERP is meant to solve business problems, not cause them. So when an IT department is constantly making one-off customizations to the current system, performance across all departments can subsequently decrease due to increased complexity that does not allow the system to run seamlessly across the business.
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