{"id":10526,"date":"2020-11-26T05:00:41","date_gmt":"2020-11-26T03:00:41","guid":{"rendered":"http:\/\/s38547.p1394.sites.pressdns.com\/uncategorized\/3-ways-to-drive-value-out-of-your-erp-investment\/"},"modified":"2025-03-18T09:44:28","modified_gmt":"2025-03-18T07:44:28","slug":"3-ways-to-drive-value-out-of-your-erp-investment","status":"publish","type":"post","link":"https:\/\/us.syspro.com\/blog\/erp-implementation\/3-ways-to-drive-value-out-of-your-erp-investment\/","title":{"rendered":"3 Ways to Drive Value out of Your ERP Investment"},"content":{"rendered":"

As a mother of an avid horse rider, I have noticed a development where horses are now being bred to be far more athletic. In the \u2018old days\u2019, the preferred showjumping warmblood breeds had stronger hind legs to handle the propulsion of the jumps. Lately, the horses have been cross-bred with lighter more athletic breeds, resulting in a winning combination of strength and stealth. Simultaneously, horse riding equipment is continuously evolving to enable maximum performance and efficiency, with minimal impact on the horse.<\/p>\n

<\/p>\n

Like this sport, a parallel can be drawn to technologies used in business, such as Enterprise Resource Planning systems. An ERP system should be dynamic,<\/strong><\/a> continuously evolving, and improving as new business strategies and emerging technologies are introduced to the market.<\/p>\n

With a good ERP system implemented a business should not be concerned about the system keeping\u00a0up with technology trends<\/strong><\/a>;\u00a0however, as\u00a0the\u00a0technology evolves, so should people\u00a0and processes. In other words, if\u00a0manufacturers and distributors\u00a0don\u2019t take the opportunity to\u00a0grow their knowledge\u00a0and stay up to date with the latest\u00a0industry\u00a0developments,\u00a0and process improvements, they\u00a0may lose out on\u00a0their competitive advantage.\u00a0In addition, by not remaining current and embracing the new features and technologies, they will not be able to reap\u00a0all of the rewards\u00a0and return on investment\u00a0in\u00a0the latest releases of\u00a0their\u00a0current\u00a0systems.<\/p>\n

The<\/strong> ba<\/strong>rriers<\/strong> to implementation success<\/strong><\/h2>\n

According to the Panorama 2018 ERP<\/strong> report<\/a>,<\/strong>\u00a0organizational and people issues are the number one reason\u00a0why\u00a0most ERP implementations take more time and money than expected.\u00a0Besides this being true for new implementations, in\u00a0my role as Customer Experience Officer at SYSPRO,\u00a0I have often seen this in\u00a0existing sites.<\/p>\n

In \u2018system scenarios\u2019, I have seen how longstanding customers have used the same ERP version for decades but won\u2019t upgrade because of the philosophy of \u2018if it ain’t broken, don\u2019t fix it\u2019. Instead of upgrading their ERP, they tend to incorporate add-ons and customizations, which makes upgrading at a later stage very difficult. In this scenario, people tend to shy away from change or are scared to upgrade due to past experiences and the turmoil involved.<\/p>\n

In \u2018people scenarios\u2019, where businesses have a long-standing ERP system, I have observed that when their team grows or they lose staff and then employ new users, they get minimal system training. These new staff members have little understanding (beyond what they need to do on a daily basis) of what the ERP system can offer. With each transition of staff, they lose more understanding of the system capability, and the business experiences application erosion, a term used to describe \u201cthe reduced use of software functionality over time, that leads decision-makers to think\u202fthat their current software applications are incapable of handling operations and reporting requirements of the organization\u201d.<\/p>\n

The third scenario is \u2018process alignment\u2019.\u00a0When organizations first implement an\u00a0ERP system,\u00a0they discuss their current processes (AS IS) and what they would like to achieve (TO BE). Sometimes the implementation only achieves some of the TO BE, with future plans to complete the rest, when convenient or new features become available. This is not always completed. Then when upgrading to\u00a0a new version of the software, they want to get the upgrade done as quickly and painlessly as possible, without reviewing their existing processes and how they can be streamlined to utilize the system improvements.<\/p>\n

Here are 3 ways to overcome these challenges and drive full value out of your ERP investment by empowering your people:<\/h3>\n

1. Create seekers of value<\/strong><\/h2>\n

The first solution is to ensure that you recognize and empower \u2018Seekers of Value\u2019 within your organization. These people are usually in a senior position and understand your organization\u2019s vision and future plans, keeps up to speed on developments in the current systems being utilized, stays in touch with the latest emerging technologies, and who is not afraid to explore something new. They will enable the business to grow and remain competitive.<\/p>\n

2. Businesses should learn from their peers<\/strong><\/h2>\n

Another great way to maximize the value of your ERP investment is through understanding how other people are utilizing the system to overcome challenges or adopting new technologies. This can be achieved by joining a forum or ERP user group, reading case studies, or attending webinars. These forums and user groups act as a platform for like-minded business leaders to engage directly around upcoming technologies, market trends, and industry concerns. SYSPRO recently initiated user groups in many regions for our customers to collaborate, share ideas, and collectively learn.<\/a><\/strong> For many years the forum on the InfoZone has seen active participation from customers, partners, and SYSPRO personal, in solving common challenges. These User Groups and Forums are owned by a customer community to ensure independence and open discussions.<\/p>\n

3. Upskill yourself to maximize ROI<\/strong><\/h2>\n

It goes without saying that upskilling and training should be the hallmark of a successful organization.\u00a0According to the\u00a0World Economic Forum\u2019s Future of Jobs\u00a0report<\/a>,<\/strong>\u00a050% of all employees will need reskilling by 2025.\u00a0System users should be\u00a0incentivized\u00a0to have a thirst for knowledge and wanting to know more so they can improve and become more efficient in their jobs.<\/p>\n

How can an organization know what is available within their ERP system, if they don\u2019t continuously upskill\u00a0to remain current on existing and new features and functions and areas not previously deployed?<\/p>\n

It is\u00a0therefore\u00a0crucial for\u00a0organizational\u00a0HR and Seekers of value to prioritize skills development<\/strong> in line with\u00a0changing processes and the rapidly evolving business environment.<\/p>\n

As long as\u00a0businesses empower themselves to change with the times, your ERP will\u00a0hold many rewards.<\/p>\n","protected":false},"excerpt":{"rendered":"

Reading Time: <\/span> 5<\/span> minutes<\/span><\/span>As a mother of an avid horse rider, I have noticed a development where horses are now being bred to be far more athletic. In the \u2018old days\u2019, the preferred showjumping warmblood breeds had stronger hind legs to handle the propulsion of the jumps. Lately, the horses have been cross-bred with lighter more athletic breeds, … Read more<\/a><\/p>\n","protected":false},"author":269,"featured_media":10527,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130],"tags":[45,273,7,74,275],"class_list":["post-10526","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-erp-implementation","tag-business-software","tag-education","tag-erp-implementation","tag-seeker-of-value","tag-training-and-certification"],"acf":[],"yoast_head":"\n3 Ways to Drive Value out of Your ERP Investment<\/title>\n<meta name=\"description\" content=\"Your ERP implementation can drive continuous value if you empower yourself to learn about new developments through e-learning platforms.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link 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