The consequences of not using ERP software can be potentially disastrous. And some SMEs that are currently using an ERP system are still running other legacy systems on outdated technology and are reluctant to upgrade them.
Companies using newer versions of their financial management systems consistently outperform those using older technology, such as legacy accounting software, in the following areas: average collection time for receivables, on-time delivery, scheduling compliance, inventory accuracy, reporting accuracy, timely data availability, and customer satisfaction.
There is an easier way to get the real cost estimates of investing in ERP software. Simply download our guide to the Five key methods of calculating ROI that may influence your choice of ERP solution.
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