More and more often entrepreneurs decide to change the company’s resource management or accounting system even though significant funds have already been invested in the existing one. This decision is significant for any entrepreneur because it involves a serious investment of money and reflection on business efficiency.
Business leaders have realised that in order to ensure the company’s future growth, it is necessary to invest in systems, the effective use of which will provide an opportunity to be one step ahead of competitors and will not slow down the company’s development.
Here I summarise the main reasons why managers have decided to change the system.
The system does not provide all the required functionality
It is necessary to think about the long-term needs of the company. For instance, if a system would only be needed for accounting, then it would not need to change, because the current system meets the basic needs, but it does not provide warehouse management, personnel management, or an e-commerce solution, which leads to the decision to introduce a new system with maximum functionality for the present and the future.
The system is difficult to maintain and slow to develop
Rapid system adaptation and modernisation are often a challenge for large corporations and corporate employees who are indispensable in maintaining a system. Because the system is sometimes uniquely programmed for a particular company, it becomes more and more challenging to maintain it day-to-day, and you may encounter situations when something is impossible to program, or it takes too long, which, of course, is not acceptable.
There is a problem with getting reports
It is often mentioned that the current system does not provide necessary reports, and it is not easy to analyse data on suppliers, customers, vendors, projects, and objects.