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Surprising ERP Benefits Your Business Can’t Afford to Ignore

Macro shot of confetti falling

Written by Laura Schomaker

September 26, 2018

The list of promised ERP benefits is long. Using one has the power to make your business more efficient and your employees more productive. But, did you know only 4% of IT leaders believe their ERP software gives them a competitive advantage? Since over half of all ERP customers are two or more versions behind, maybe this statistic shouldn‘t be surprising. But when you keep your software up to date, there are a variety of ERP benefits to be had that can help you gain an edge over the competition. Consider this…

 

The Positive Effects of a Modern ERP

When you compare two computers side-by-side, one that is new versus one built a few years ago, the new one will process things on average three times faster. Think about what this could mean for your business. For example, imagine your competitor has not updated their computers in four years and you are running new equipment bought last month. If a potential customer comes to both of you for quotes, all other things being equal, you will get your quote done three times faster than the competition. The speed at which you deliver your quote will probably be an important factor in the customer’s buying decision.

Another key factor in beating out the competition, is having the right people on your team and enabling them to be as productive as possible. Keeping your ERP up to date can have a powerful impact on this. Studies show a 25% increase in telecommuting is likely over the next few years. And, top talent looks for organizations who will support them in their need for the greater work life balance telecommuting can offer. But, with a legacy ERP system, this is perk is very tough to offer. So, your company may miss out on the opportunity to hire your next top performer.

Additionally, companies running the latest version of their ERP  perform better than their competitors across several key metrics including, customer satisfaction, on-time delivery, days sales outstanding and many more.

Don’t get left behind! Discover other surprising ERP benefits that can help you save money and time. Check out our latest infographic “Why Delaying an ERP Upgrade Is Bad for Business.”

 
 

Click image to view full infographic.

Ready to learn more about some of the most popular ERP systems on the market today? Visit this web page.

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