Panagiotis Leontios

Maximizing ERP ROI for midsize companies

In Business, IT on 23/02/2012 at 2:13 pm

Over the past few years, when companies have been asked to rank their top IT spending priorities, enterprise resource planning (ERP) applications have consistently remained near the top of the list. The amount they indicate they will spend is growing at the rate of almost 7 percent each year and it is likely to surpass the $10 billion mark globally in 2012.1

This is no surprise: ERP systems are the core business applications for many companies, connecting different parts of their organizations and facilitating the flow of information between business functions. At the same time, a substantial number of ERP implementations are not successful and others do not deliver the expected
return on investment. In particular, midsize businesses struggle with wringing the most value from their ERP applications.

As a result, many midsize businesses are left wondering if upgrading their ERP application or installing a new one is worth it and many rely on spreadsheets and manual processes to fill the void. Midsize businesses should take heart, however. ERP applications can provide them with cost savings, improve operations and support organizational growth. In this paper, we highlight the common reasons why midsize companies often do not realize significant ROI with their ERP system implementations and suggest solutions for getting the most value from their applications.

Read the whole paper

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