Today, companies are getting zapped with the concept or ERP and are spending a great amount of money on implementing this technology in their organization. Leading companies are taking the next step and using analytics to identify issues and trigger automated responses to improve their processes.
ERP is undoubtedly a very important tool which can change the entire scenario of your company!
Unfortunately, among all the companies which buy ERP, only a few succeed in making a profit or some visible change out of it.
Why does this happen?
Technologies are often implemented without yielding the results envisioned and become overly complex to maintain as new needs are built into an inflexible architecture. The data in existing ERPs is not captured or attributed in a common, standardized model, which then requires data mapping, reconciliation, and harmonization.
In many cases, some data simply isn’t captured at all.
The purpose of this technology can be served if it helps the company in achieving accurate reports, Financial analysis and Business analysis. The ERP should give a bird eye view as well as a road map of your process.
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