By Mary Trick, Chief Customer Officer, Infor
The typical age of an ERP solution release in a midmarket organization is more than seven years. A lot can change in that time – businesses expand, new technology is introduced, and new regulations are instituted.
- Organizations on the latest version of their ERP software typically report a 13% reduction in operational costs.
- Organizations that are implemented on the latest release are 70% more likely than those that are not to have the ability to share and integrate data with the extended enterprise; partners, customer, and regulatory bodies.
- In an ever-more-mobile world, organizations with the latest ERP software are 67% more likely to have access on mobile devices.
- 53% of organizations with the latest version use best practices of the ERP solution compared to 47% that are not.
If these findings aren’t enough to convince you of the merits of an upgraded ERP system, consider this: Out-of-date systems are harder to support and maintain. This translates into less efficiency and more cost and risk to you.