In a tough economic climate everyone is looking for ways to cut costs without
sacrificing performance. More and more small and mid-size businesses are
realizing the benefits of business management software. Enterprise Resource
Planning (ERP) systems and other business management tools are prohibitively
expensive to develop in-house and there's simply no need when you can find
great solutions in the marketplace; however, buying a product straight
off-the-shelf can prove to be a false economy.
What Are the Risks?
Your first headache when implementing any new software or service is going to
be integration. Do you have a dedicated IT department with time to roll out
new software? Many packages have a steep learning curve and installation can
be more problematic than expected. There will also be ongoing overhead
involved in keeping the software up to date.
If you intend... (more)
Don't you just love spending millions of dollars to license a commercial ERP
package? And then I bet you feel warm and fuzzy about hiring a bus-load of
expensive consultants to come and tell you how to run your own business,
following so-called ‘best practices' built into an inflexible ERP package.
And just when you thought you were going to realize all the benefits of
‘off-the-shelf' software, you find you have thousands of lines of custom
code lashing together old systems you didn't dare remove, third-party bolt-on
solutions to plug gaps in the ERP software vendor's package, an... (more)
The gap is widening between legacy ERP and cloud ERP as traditional
on-premise solutions are shifting toward delivery of applications over the
Internet. Put your ear in the air to hear the rumblings. ERP in the Cloud is
here to stay.
Recent earnings reports from several web-based business software providers
along with a significant increase in the number of announcements pertaining
to new cloud ERP providers are signaling a clear trend in the direction of a
rapidly changing business environment for software vendors and business
One Version of the Truth
Business management and ERP have undergone huge technological, social and
economic shifts. The explosion of cloud computing, mobility of business
users, Big Data demands and microscopic focus on cost cutting are changing
the pace and direction of every company's IT strategy.
Five years ago cloud computing was more expensive than on-premise, analytical
data was difficult to curate and the benchmark in usability, especially on
mobile devices, was set extremely low. Today's advances in these areas create
massive opportunities for large and small businesses to take advantage of the
To state the obvious, businesses of all sizes are moving their applications
to the cloud or renting software as a service (SaaS) instead of licensing or
buying the software outright.
The number one reason people cite is cost. Businesses large and small are
under the impression they can save a bundle by moving their apps to the
cloud. At the same time, companies who handle a move to the cloud badly can
suffer a negative backlash from their user community.
When you consider all the cost factors, like your time, energy and risk to
your business, will you save money in the long run b... (more)