How much is your legacy ERP system costing you?
In the current business climate, organizations must be agile and resilient to stay competitive. However, outdated legacy IT systems are increasingly becoming a roadblock to businesses when it comes to embracing new technologies and optimizing processes.
ERP (enterprise resource planning) solutions are essential for efficient technology adoption, but if they are not updated regularly, companies risk running into problems that could cost them both time and money. In this blog, we will explore how outdated IT systems are preventing companies from staying competitive and building resilience.
Outdated IT systems are a risk to organizational resilience
As companies face increased competition and rapidly evolving business landscapes, the ability to adapt and respond quickly is crucial. This is where organizational resilience comes into play – the ability of an organization to weather unexpected challenges, recover from disruptions, and continue functioning in the face of adversity.
Outdated legacy IT systems can be a significant obstacle to achieving resilience. These systems often lack the flexibility and agility needed to keep up with today's fast-paced business environment. They can also pose security risks and may require more maintenance and upkeep than modern cloud-based systems. They can be difficult to integrate with newer technologies, limiting a company's ability to leverage emerging solutions. As a result, businesses relying on outdated systems may be slower to respond to changes in the marketplace and less able to capitalize on new opportunities.
Without modern technology solutions that can support agility, flexibility, and adaptability, companies may fall behind their competitors and struggle to stay relevant.
Cloud-based technologies
Legacy IT systems can cause serious disruptions to your business operations and hinder your ability to respond to changing circumstances. In contrast, cloud-based technologies offer a level of flexibility, scalability, and security that can help organizations withstand the most challenging business environments.
With cloud-based solutions, organizations can reduce the costs and complexities associated with maintaining legacy or on-premise systems while leveraging advanced technologies such as machine learning and AI. This makes it possible to streamline operations, enhance decision-making capabilities, and achieve higher levels of efficiency across the board.
In addition to the practical advantages, cloud-based technologies can help build organizational resilience by enabling remote work, disaster recovery, and rapid response to changes in market conditions. As the COVID-19 pandemic has shown, companies that could pivot quickly to remote work environments had a significant advantage over those that struggled to adjust.
Ultimately, moving to the cloud represents a significant investment in your organization’s future. By embracing modern technologies and strategies, you can position your business for long-term success and avoid the risk of falling behind in a fast-moving, ever-changing marketplace.
So if you want to build resilience in your organization, consider switching to cloud-based solutions. With the right tools and a strategic approach, you can stay ahead of the curve and keep pace with the competition.
Click to read Leaving legacy behind to build business resilience (gated)
Some of the benefits of cloud-based technologies
- Become more agile and adaptable: cloud-based technologies enable service-based businesses to become more agile and adaptable. By relying on cloud services, companies can scale up or down their IT infrastructure according to their needs, which can be a real advantage for businesses experiencing rapid growth or needing to react quickly to changes in the market.
- Become more collaborative: cloud services can help businesses to become more collaborative, both internally and with their clients. With cloud-based project management tools and communication platforms, teams can work together seamlessly and share real-time data and information. This can lead to greater efficiencies, faster decision-making, and better client outcomes.
- A higher degree of security and data protection: this is particularly important for service-based businesses that deal with sensitive information, such as financial data or personal customer details. With cloud-based security solutions, businesses can benefit from robust encryption, data backups, and multi-factor authentication, reducing the risk of data breaches or cyber-attacks.
Updating your IT infrastructure
The decision to update your IT infrastructure may seem daunting, especially if you have a complex legacy system in place. However, it's important to remember that replacing outdated systems need not be a costly exercise.
Before making the move to a cloud-based system, you should conduct a thorough review of your current IT infrastructure. This should include identifying any issues or limitations holding your organization back.
Once you clearly understand what needs to change, the next step is to find a vendor that understands your industry and can offer customized solutions that meet your specific needs.
Professional services organizations should look for a vendor specializing in providing cloud-based solutions for this sector. They will have a deep understanding of the unique challenges you face and will be able to offer tailored solutions that address your specific pain points.
What sets Unit4 ERPx apart, and how can we help your organization
- Vision for the future: ERPx has a clear roadmap and vision for the future, flexible enough to meet your unique and changing needs.
- Innovation and improvements: ERPx is constantly changing through innovation and improvements; we don’t just focus on designing new products; we focus on our customers’ changing demands.
- Unified business process integration – modular ERP capabilities in a low code/no code environment.
- Easily extensible: financial planning and forecasting capabilities, HR and talent management functionality and integration, and easily extensible to 3rd party solutions.
- Focus on the needs: Unit4 Industry Mesh builds upon ERPx with a dedicated focus on the needs of service-centric industries, allowing for ERP system integration with your ever-growing portfolio of cloud apps.
- Deep understanding of PSOs: we have a deep understanding of Professional Services Organizations like yours. We specialize in software for project-focused service organizations where people make all the difference.
- Simplifying and automating workflows: we know that simplifying and automating workflows and intelligently planning company finances with the right technology plays a key role in ensuring your business can stay flexible.
- Simple to implement: our technologies are simple to implement and do not require purchasing costly implementation services.
A lack of flexible and adaptable workflows, a lack of understanding of professional services, and implementation complexity are now restricting the growth plans of many organizations that are still relying on outdated systems that are slow to offer updates.
Updating your IT infrastructure is essential for building organizational resilience and staying competitive in today's rapidly changing business environment. By leveraging the benefits of cloud-based technologies, you can ensure that your organization can adapt and thrive, even in the face of unexpected challenges.
You can check out the Unit4 suite of solutions here to find out how we can help you update your IT infrastructure.
