Yes, times have been tough and we’re all waiting to see what the New Year will bring as the economic recovery takes hold. Businesses everywhere are looking for ways to increase their bottom line and they want to be prepared for renewed growth. So what can you do to get ready? For one thing, you can replace the outdated system you’re running your business on with a fully integrated ERP system, one that eliminate duplicate data entry, one that can actually introduce new efficiencies, a system that is designed to help you gain market share in the coming year.
Reduce total cost of ownership with Rapid Turnaround.Implementing GP quickly with minimal downtime will reduce the impact on your business which is a critical component in assessing the total cost of ownership. This presents a unique opportunity for companies today that need to implement a solution quickly so they can take advantage of a more robust economic cycle when things recover.
Increase productivity. Many companies have experienced layoffs and/or a hiring freeze. A user friendly accounting/ERP/business management solution enables companies to get more work done with fewer people, allowing them to maintain lower payroll costs both now and when the economy recovers.
Improve business process efficiency. An ERP system like Microsoft Dynamics GP automates manual business processes and eliminates non-value-add activities. When, for example, a distribution company implements an ERP system, they can more efficiently match customer demand to inventory levels, resulting in reduced inventory and carrying costs.
Ability to choose from multiple ERP delivery options. Traditionally, companies interested in ERP had to choose a costly on-premise delivery model. Now however, ERP software has evolved to include hosted or Web-accessible options. These alternatives often require a lower initial investment than traditional on premise ERP solutions and should be considered during the ERP software selection process.
Leverage available resources. Although some would say that there is never an ideal time to implement a new software system, a slow economic period is as good a time as any. There are often more internal and external resources available to help implement new systems effectively, which isn't always the case when the economy is booming and companies are just struggling to keep up with demand.
Force management to focus on benefits realization. It's unfortunate, but ERP implementations are not always required to demonstrate measurable results when economic times are good. ERP implementations are now required more than ever to deliver results. Of course, we argue that this should be true in both good times and bad.
Increase rationalization of ERP investments. The scrutiny that many CIOs will face in 2010 requires ERP expenditures to be rationalized and justified. Rather than overspend on unnecessary ERP functionality, CIOs are now pressed to determine what the business really needs vs. the nice-to-haves. It also requires ERP project teams to properly manage risk to avoid cost overruns or implementation failure.
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