If you've reached the point where you must decide between upgrading your on-premises finance and other ERP applications or moving to a new system, don’t let PTSD from prior implementations or fear of the unknown overwhelm you.
“Unfortunately, a lot of companies invest in customer-facing technology before investing in their strategic backbones,” says Steve Cox, Oracle group vice president of ERP/EPM product marketing. “What they find themselves with is 21st-century stuff at the front end, backed by 20th-century systems in the back end—and they wonder why that doesn’t work.”Avoid the “If It Ain’t Broke…” Mentality
The key is not whether your current ERP system does what it was designed to do all those years ago, but rather if it does what the company needs it to do today and into the future, Cox says. The ability to manage and exploit all of this data will be central to a company’s success in the future—and emerging technologies will be key.