Top 10 Things CFOs Should Know About ERP - #5 AND #6

In the spirit of the Thanksgiving holiday, I have decided to post a bonus double entry from my top 10 list of things CFOs should know about ERP. In today's post, we take a look at existing technologies which do not support growth and business benefits which are not realized.

#5 Existing technology does not support growth – As a business changes and evolves, so must its ERP solution. If your existing solution is not able to keep up with the growth of the business, including the demand from additional employees and managing increased orders and customer inquiries, it is merely a drain on your financial and human resources. This is a clear indication that your current solution requires an overhaul.

#6 Business benefits are not being realized – Look back at the reasons behind implementing your company’s ERP solution. Now look at how the solution is running today.  Is it delivering the value to your business that you expected? If the answer is no, then it’s time to reassess the solution and find out why.  Has your business changed, but your ERP solution wasn’t flexible enough to change as well?  Was it just not the right choice?

Look out for my next post immediately after the holiday. Thank you for following my blog and Happy Thanksgiving!