Steps for Moving from Legacy to Modern Cloud ERP

Enterprise Resource Planning (ERP) offers many benefits to businesses. If you are running on a legacy ERP or a homegrown system and want to upgrade to a modern ERP, the information below can help guide you.

The days when manufacturers relied on siloed data management systems for decision-making and planning their tasks are gone. Modern ERP software is cloud-based and integrates various modules such as finance, human resources, production, supply chain, quality management, and more into a single platform with real-time access. However, choosing the right fit for your business from multiple cloud ERP options can be challenging. To help you navigate through this decision-making process, here’s a list of steps to follow.

Steps to Find a Modern ERP System

1.      Assess your business needs to determine essential features.

2.      Ensure you have executive and project team support.

3.      Write a formal request for proposal (RFP).

4.      Check if the ERP systems being considered can integrate with any other software you will use.

5.      Consider the functional fit of the ERP system for your organization.

6.      Check out potential ERP vendor’s third-party reviews.

7.      Assess each ERP system’s associated costs before making a selection.

8.      Clean up your data before migrating.

9.      Map out the implementation process.

10.  Ensure you select the vendor support needed to be successful.

How Does Cloud ERP Benefit Manufacturers Over Legacy ERP?

On-premise legacy ERP systems require more IT management and in-house servers. Cloud ERP provides advanced functionality but at a lower cost. It eliminates the need to update and maintain software while offering enhanced data security, privacy, and compliance with other systems.

Here’s how cloud ERP benefits organizations:

Security and performance: Cloud ERP supports multi-layer firewall testing for enhanced security and compliance. The infrastructure security managed by cloud ERP vendors significantly mitigates outside threats. Their investments in advanced encryption, firewalls, and regular security audits are critical measures that help protect against cyber risks.

Future-proof your business: Every business owner wants to ensure that their business is future-proofed to continually provide the information for informed decision-making, streamlined operations, and the flexibility to be competitive. Cloud ERP solutions utilize Artificial Intelligence, Machine Learning, Business Intelligence, and more. These technologies improve data management and productivity.

Real-time data accessibility: Cloud ERP combines data from across the organization and allows you to access it in real-time from anywhere.  It will enable you to track, monitor, edit, and manage accurate data on any mobile device.

Lower costs: Modern ERP software tracks and lowers inventory carrying costs while ensuring no stockouts or overstock. Using a single cloud ERP system helps manufacturers reduce the IT costs associated with managing multiple systems.

Conclusion

Modern cloud ERP systems offer advanced analytics and reporting capabilities while providing valuable insights into all business areas. They help manufacturers analyze business data for more intelligent decision-making, identify trends, and improve efficiency and profitability. Upgrading your legacy ERP to a modern cloud ERP can significantly benefit your business.

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