For upgrading ERP systems, two different kinds can be applied. While moving from the 10th version of a specific software package into 11.2, you just need to upgrade it with a new one. In other words, It’s just a different version with new and updated features. These updates happened mostly without even you knowing it is a cloud-based application. Other than that, you can update the system when you feel it’s the correct time to upgrade it for betterment. It’s important to know the perfect period for When should I update my ERP system? The main reasons when companies need to upgrade their ERP system includes,
GROWING:
The first one is growing; some indicators specify a company whenever it needs to upgrade its ERP system. Mostly, when a business faces a significant change such as more projects, more employees, and more business transactions, it means it’s growing its business. Other indicators include:
- New products and services: whenever a company introduced their new products and start to add additional services when their model shift or spend. It’s also an indicator.
- Selling to new markets: Growth may generate opportunities to build the business in further provinces. The features that your existing ERP system may not be intended to handle. It’s another indicator.
- A new business line: It’s much more than introducing new products and services creating a new business line is a different thing it is about different manufacturers, different processes, with a different customer base so in this case, you would need a satisfactory ERP system to handle all the different features. It may be a good time to upgrade your ERP system whenever your company is rapidly growing.
No mobile functioning:
The second reason to update an ERP system is no mobile functioning. It allows access to certain features of the system on your smartphones your ERP system should complement this culture change. As our desktops offer the quality and the level of features, mobile phone apps wouldn’t be going to offer the same level of features. It is an example that mobile technology has a huge difference from the ERP system proficiencies.
Lack of standard features:
The third is the Lack of standard features, which also made it necessary for the businesses to update an ERP system. To get essential features and utilize recent technology, it’s time to put your business at risk to get upgraded, however, it’s necessary to upgrade the ERP system.
No Vendor Support:
The last is no vendor support, as whenever you find yourself on an outdated and unsupported version of the ERP system, you might be interested to stay on it till it ultimately becomes insufficient.
