The Importance of Having The Right ERP system
The need for digitalisation and the opportunities created by new technologies are changing the way we manage our ERP systems. As the hub of the business, ERP systems are a vital part of IT and a critical component of operations. The right ERP system is therefore a prerequisite for survival in a fast-changing world. As digitalisation, automation and new technologies are changing or even replacing business processes, it is crucial to have the right ERP system and the right digitalisation partner. To succeed, Nordic companies must also evolve their methodology for choosing business systems and change their business models in partnerships.
A recent trend report from Radar Ecosystem Specialists presents a study of the 1000 Nordic companies using the primary ERP systems available in Sweden today, including SAP, Microsoft NAV, Microsoft AX, Infor, IFS, Oracle, and Jeeves ERP. The report explores:
- Drivers for IT spending as related to ERP
- A framework for evaluating the total cost of ERP over time
- A calculation of the total cost of ERP by vendor
- Key search criteria for selecting a new ERP
With the average length of ownership of an ERP system being more than 10 years, the report discusses a company’s true investment in ERP over time. The report concludes that today, IT departments are being pressured to drive twice the innovation and productivity at half the costs. TCO, along with the flexibility to support innovation over time, are critical decision criteria.
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