10 Signs It’s Time to Move Your ERP to the Cloud
When three quarters of business leaders say their current on-premise ERP system isn’t meeting their needs, it makes you wonder why they’re not doing anything to upgrade. For many of them, the answer is often, “Been there, done that.” And they weren’t happy with the results or the costs.
The on-premise ERP systems that many companies use today trace their architectural and operational roots back to the last century. Sure, these systems can be upgraded to mimic modern capabilities. But by the time upgrades are completed—usually at great cost both in dollars and effort—the ERP system is capable of meeting only those requirements identified when the project was initiated, and not much of what has changed since then.
Newly upgraded on-premise system are often several years out-of-date when they go live, and soon the next upgrade cycle has to begin. It is an endless treadmill that makes companies tired and only enriches consultants.
For any business leader who’s been stuck on the go-nowhere-slow treadmill of upgrading a legacy on-premise ERP system, it’s easy to understand why many of them wonder, “Why can’t I just get by with what I’ve got?”
Maybe some companies can make do with the solutions they have. But for companies with bigger plans for their businesses, there are a number of situations that make transitioning from an on-premise ERP system to a modern, cloud-based solution a great idea.
Here are 10 of them: