5 Ways Your Legacy ERP System Is Costing You Time and Money
Businesses are working hard to keep themselves relevant in a pandemic-altered landscape. The pandemic forced many businesses to prioritize their digital transformation, which included replacing their legacy software with modern, cloud-based solutions – but businesses that managed to make it through the worst of the crisis with their tried-and-true systems intact are now having trouble letting go.
You should be aware that your custom-coded legacy software could be slowing your company down.
Using Legacy Software Can Be Costly
Do you feel you have valid reasons for using old software?
Are you also spending more money every month on your legacy systems maintenance?
If you answered yes to both of those questions, you’re like most other businesses.
Even if your reasons for using legacy software are valid, the costs of maintaining it probably outweigh the benefits.
Here are five ways your legacy system is costing you time and money:
1. Lack of Flexibility
One of the biggest problems with traditional software is its rigidity. Because they’re built according to outdated processes and operating systems, legacy solutions aren’t able to easily integrate with modern, third-party applications and cannot offer the organization-wide collaboration that’s so critical to the success of today’s businesses. This disconnect minimizes your flexibility and ability to start new projects, leading to inefficiency. This lack of agility causes you to miss opportunities to innovate.
2. Legacy Systems Don’t Support Productivity
Your employees are responsible for so much of the day-to-day business operations, so you can’t afford to lose out on valuable productivity. Software that doesn’t perform can be a major detriment – affecting employee morale, customer satisfaction, and even your company’s financial health. But how do you know which software is right for your business? New technology, such as NetSuite, can do more than legacy solutions can. A modern cloud-based business management suite can ensure your workforce has one centralized, easy-to-use platform – it also solves all your problems.
3. Wasting Money on Continual Upkeep
Downtime and loss of productivity due to reliance on outdated software is a costly yet common problem for many enterprises. A recent survey of Enterprises running on custom legacy software reports that 91% of respondents reported losing an average of $300,000 in revenue when their hardware failed for just one hour.
In today’s digital age, businesses need to find solutions that add true value and allow for personalization at scale.
4. Bad Data Leads to Bad Reports
For businesses to be successful, having access to information that provides actionable insights into the health of the brand and market trends is crucial.
Legacy enterprise software requires manual gathering and consolidating of end-user behavioral data, often in spreadsheets, unstructured databases, and disparate SaaS platforms. Legacy systems also have no effective way of analyzing this information in real-time to surface insights that will drive smarter, faster business decisions.
5. Slipping Behind Your Competitors
Cloud-based solutions offer many benefits over legacy systems. They’re intuitive, easy to use, and require minimal end-user training due to their intelligent design. By implementing a modern solution like NetSuite, you ensure your business remains agile—meaning you’ll be able to meet and exceed customer expectations and adapt to change quickly.
One of the biggest problems with traditional software is its rigidity. Because they’re built according to outdated processes and operating systems, legacy solutions aren’t able to easily integrate with modern, third-party applications and cannot offer the organization-wide collaboration that’s so critical to the success of today’s businesses.
Sidestepping Your Old Software
Loyalty is laudable, but it can be misplaced. Keeping an aging ERP system leads to frustrated employees and dissatisfied customers. If your current ERP does not satisfy your business needs, it’s time to upgrade to modern, cloud-based solutions, such as NetSuite.
NetSuite provides all the benefits of cloud-based ERP solutions and more. It’s a complete business management suite that includes CRM, eCommerce, and financials – everything you need to run your business in the cloud. NetSuite also offers pre-built industry solutions, so you can be confident you’re getting the best software for your business.
Stop using an ERP system that’s holding you back – make the switch to NetSuite today.
Zanovoy is a New York Based NetSuite Partner, specializing in providing comprehensive ERP solutions for businesses of all sizes. We have a team of NetSuite experts who will work with you to ensure a smooth transition to the cloud. Contact us today to learn more about how we can help your business grow.