Here are eight steps that can lead to a successful ERP modernization.
According to Forbes, technical debt is a growing problem for organizations. CIOs report that 10%-20% of their IT budgets are being spent resolving technical issues — a scenario that’s particularly common in enterprise resource planning (ERP) deployments.
Consider that while the typical life span of an ERP deployment is 5-10 years, pre-pandemic data pegged the true age of ERP systems as twice that long on both the high and low end of the spectrum. As a result, ERP modernization is a hot topic. Companies recognize the value of agile, cloud-based, and customizable ERP tools that can help address common issues and provide more consistent data outputs.
The challenge? ERP modernization isn’t a silver bullet. Even the best technology won’t fix existing people and process issues. To realize consistent success, leaders need to move past rapid implementation and focus on cultural and operational changes that are sustainable over time.
Ready to take on ERP modernization? Here are eight steps that can lead to success.
Mazars can help companies make the move to modernize their ERP systems by providing experienced consulting and implementation advisors. We also can help reduce technical debt and create sustainable operational changes.
Learn how Mazars’ ERP modernization team can guide you through the entire process.