The Signs You Possibly Need
a Modern ERP System



Over our years of experience, we've discovered that our clients usually have 1 of 7 catalysts that are the driving force behind modernizing their business. If your business experienced any of the catalysts, pains or challenges below, a productive conversation with our team of experts may be worthwhile in order to help you determine the best course of action to modernize your business. 

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Do You Really Need a New ERP System?

Realizing your pains and challenges will help you quantify the need for a new ERP system. If your department is experiencing a pain and challenge in your processes, most likely another department is too! 

Key signs you may need a new ERP system:

  • Too many spreadsheets
  • Time consuming data entry
  • Double data entry
  • Can’t create your own reports
  • No easy access to information
  • Don’t know what's in inventory
  • Still use too much paper
  • Current software in not supported anymore
  • No integration / Disparate systems
  • Departments don’t talk to each other
  • Current software costs too much
  • Large IT group
  • Sales and customer experience is suffering

It's important to understand how your business processes affect each department and to measure your current systems and processes against your desired state. Our self-guided assessment will help you determine where you are now and conceptualize where you want to go.

 

 

Not Sure If A Modern ERP System Is Needed For Your Organization?

Take our Free self-assessment to determine if a modern new ERP system is needed for your organization and to see how you stack up against your competitors.

Free download → 


7 Catalysts That Drive System Modernization:

  1. An equity event has taken place in your organization.
    • IPO
    • Infusion of "outside cash"
    • Bank leasing changes
    • Exit strategy preparation

      what-is-erp-and-do-you-need-it
  2. Your organization is growing.
    • Organic growth
    • Size and/or sophistication out-pacing internal systems/architecture
    • New market pursuits (Multiple, domestic locations, International reach)
    • New revenue source(s), product line(s),  or revenue model(s)
    • Hyper-Growth (funded business launches)
    • Mergers, acquisitions and/or joint ventures

  3. Strategic initiatives set forth by your organizations management team.
    • Increasing employee productivity, automating manual processes (Mobilizing/virtualizing workforce)
    • Special projects (Phased transformation, commerce related (sales and/or procurement))
    • Market leader shifts (e.g. Office 365 vs. Exchange)

  4. Change
    • New leadership (New outside advisors)
    • “Two-Tier” pursuits
      • Standing up a planned carve-out (divestiture)
      • Standardization of divisions/subsidiaries (Speed to solution, Lower risk, Scalability (up or down),  Flexibility vs. long term commitment)

  5. Government and/or Industry Regulations
    • Accounting regulations (Revenue recognition standards, SOX; PCI; etc. compliance, Localization/Multi-Book requirements (i.e. IFRS; GAAP; etc.))

  6. Business Threats
    • Change of client buying preferences
    • Security breaches and/or employee theft
    • Over-reliance and/or turnover of key personnel
    • Responding to a competitor that has gained marketplace advantages

  7. Cost-Cutting and/or Obsolescence
    • Version-locked Software (Unrealistic/Costly/Complex upgrade path,  Reality of replacement vs. “upgrade”)
    • Lowering cost (Cash flow preference (subscription vs. capital appropriations outlay))
    • Data center changes; expiring hosting contracts; and/or significant hardware updgrades needed.

A Modern ERP Provides The Stairway To Growth

A strategy for companies to meet the challenge of today’s disruptive times. 

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  Next Steps
  1. Download The Self-Assessment - See how you stack up against your competitors and determine if an ERP is right for your organization.
  2. Understand the Business Value, Benefits and ROI of a Modern ERP System - Includes value (ROI) calculator.
  3. Selecting an ERP - Best Practices - Includes business process maps, vendor scorecard, sample RFI, and top 10 questions to ask your ERP vendor.
  4. Why Partner With goVirtualOffice - Our team of former CFOs, CPAs, controllers, business leaders and technology experts will bring you real world experience and best practices to your ERP implementation.
  5. Why NetSuite - #1 Cloud ERP.

 

Free ERP Self-Assessment

Take our Free self-assessment to determine if a modern new ERP system is needed for your organization and to see how you stack up against your competitors.

Free download → 

Next Steps
  1. Do You Even Need an ERP? - A quick self-assessment will help you determine if an ERP is right for your organization.
  2. Understand the Business Value, Benefits and ROI of a Modern ERP System - Includes value (ROI) calculator.
  3. Selecting an ERP - Best Practices - Includes business process maps, vendor scorecard, sample RFI, and top 10 questions to ask your ERP vendor.
  4. Why Partner With goVirtualOffice - Our team of former CFOs, CPAs, controllers, business leaders and technology experts will bring you real world experience and best practices to your ERP implementation.
  5. Why NetSuite - The #1 Cloud ERP.
Need Help?
Contact us today for help with your ERP evaluation. Call us at the number below or simply complete the form and we'll contact you right away.

Phone: 888-773-2123

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