25% of companies are looking to invest in a modern ERP system, according to a recent Forrester report. That may be due in large part to CEOs realizing that the best way to increase productivity, lower costs, and set their companies up for success in the digital age is to implement seamless, digital solutions.
Leading-edge technologies are giving business leaders more opportunities, helping them work smarter, and preparing them for the customers of tomorrow, but they are also creating new challenges. Specifically:
- Disparate systems. A mix of cutting-edge and legacy hardware make it difficult for departments and equipment to talk to each other.
- Bottlenecked growth. Legacy systems don’t allow companies to scale quickly and efficiently enough to meet customer needs and outdated hardware makes it difficult to add new software and applications on the fly to keep up with market demand.
- Increasing operational costs. Outdated systems mean operational efficiencies are difficult to realize, causing duplicate work and requiring additional resources that impact the bottom line.
- A lack of transparency. CEOs and business owners don’t have a clear picture of the data they need to make smart business decisions.
- An increase in cyber threats and breaches. Every 40 seconds, a business suffers a ransomware attack, according to Kapersky Lab. In fact, 42% of small and mid-sized business fell victim to a ransomware attack in the past 12 months, causing major concerns for companies, especially those responsible for sensitive customer information.
Download this guide to learn how modern ERP software is an answering these challenges with end-to-end solutions that integrate business processes, collect data, and allow companies to scale quickly and securely.