Businesses upgrade their software for several reasons, whether it’s to stop the waste of money or time or to chuck old processes that just no longer make sense. Below are a few common situations that give companies pause about their current software setup.

Slow Or Unstable Systems

For the manufacturing and distribution industry, unreliable or sluggish systems are a common reason to upgrade to an ERP solution. Waiting for a report to run or dealing with system crashes are frequent occurrences for these businesses, as are processes that aren’t supported by their current software. This can lead to inaccurate costs and inventory calculations that can have a big negative impact. Alternatively, switching to an ERP solution streamlines spreadsheets and ensures more accuracy.

Paper Documentation

When banks and financial institutions don’t support electronic documentation, it means they have to keep all of their records by paper. Paper records are not only costly, they take up a lot of space and are just an archaic way of conducting business. In addition, when your records exist only on paper, it makes it difficult for multiple teams to work on records at the same time and to find a sustainable software solution to work with your records keeping. ERP software helps banks and financial institutions resolve all of these issues.

Manual Records Updating

Does your healthcare or nonprofit organization update reports manually? If so, this is a sign that automated workflow may be the answer. Not only is this essential for institutions with multiple locations, it will help with month-end closeouts and managing multiple teams. Automated workflows are essential for the proper upkeep of patients and clients, and will help your organization stay in compliance with regulatory requirements.

Have a challenge that has been solved by ERP software? Respond in the comments below!