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( votes)Rootstock Software, the cloud supply chain and manufacturing Enterprise Resource Planning (ERP) solution provider, has published its guide on 50 ways to get ROI from Cloud ERP.
ROI ERP-Rootstock advise that investing in a new ERP system is a big step requiring preparation that businesses shouldn’t make simply for the sake of modernising. Urging the need for a strong business case to justify the disruption, potential risks and large investment required, Rootstock’s guide will help you find the right path for your digital transformation by examining the sources of ROI for a new ERP system.
So, you’re about to make the leap…Today’s modern, cloud-based ERP solutions have tremendous potential to provide game-changing business advantages and add more to your bottom line. But what are the sources of ROI for a new ERP system? Is it simply IT savings? Or will newfound capabilities allow you to differentiate your products and services, and new operational efficiencies, and automate more areas of your business?
There are many areas to find ROI from a new ERP system, all depending on your business situation and strategy. Rootstock have identified 50 ways your business can improve with cloud-based ERP solutions, some of which you may not even have considered.
Rootstock have organised the list into five key areas to support you in your quest to discover how a modern ERP solution can generate real ROI for your business:
Improve Manufacturing, Inventory Management and Supply Chain
Integrate Financial Management
Enhance Customer Service and Satisfaction
Improve IT Efficiency and Effectiveness
Attract and Enable a Modern Workforce
No matter where your ERP modernisation is focused, Rootstock believe these 50 ROI-driving areas will help you build and hone your business justification. Each area can be explored further to quantify financial returns based on your business metrics. They can also help you identify weaknesses in current systems and new ‘must-haves’ as you look for a new system.