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Many businesses are searching for an easy to use enterprise resource planning (ERP) solution which offers advanced functionality, flexible business intelligence reporting options and integration with other business applications. Sometimes, the number of Excel spreadsheets being used to compensate for holes in the existing ERP system can be an indication of how ready a business is to migrate or upgrade to a new ERP system. Other indicators include mandates for cost-reduction measures and the need to integrate multiple business systems so that the organization can run more effectively.
Today, with more options and better pricing from vendors, it's usually easier to purchase systems to meet growing and changing business requirements versus developing in-house. Even if there isn’t an out-of-the-box solution that does exactly what a business wants, there are configurable packages available from many vendors. Faced with changing business needs, companies are looking to new systems to handle project accounting capabilities such as activity-based costing, lean manufacturing, and specialized electronic data interchange to help them do business their customers. Budget is, of course, another top consideration. Increasingly, vendors are offering attractive financing alternatives to traditional big-ticket ERP investments. With leasing or rent-to-own licensing, you can spread out the payments over two or more years, which can make a big difference for the business case when investing in a new ERP solution. ERP migrations or upgrades are always a major headache to the business and its processes, but new solutions can provide significant payback. Many organizations have islands of information that make it difficult to get a single view of their business. The right ERP system, can give you a holistic view of a business—allowing for more intelligent, informed business decisions.