The modern enterprise requires a flexible, agile ‘digital core’ to drive smooth operations, and to power better customer and employee experiences – and to facilitate fast changes to react quickly to changes in the environment, or to new information received. The right solution, implemented well;
Approaching modernisation in an ad hoc fashion results in a fragmented approach to enterprise applications and ERP.
Organisations that have not modernised their mindsets and practices to support and manage a hybrid portfolio have little to offer their business stakeholders.
Application leaders must decide whether to upgrade existing ERP suites, invest in next-gen ERP solutions or continue with their existing assets.
Meanwhile, ERP vendors are heavily investing in next-gen suites designed for greater flexibility, agility and upgradability. These suites offer embedded AI, improved data management, and robust digital business and integration platforms.
Enterprise applications (ERPs, Finance systems, HCM systems, EPM tools) provide a foundation for digital transformation.
However, the road to selecting the right solutions from the right vendors is a challenging one.
Evaluating and selecting ERP vendors is time-consuming and difficult. An RFP supports the organisation’s selection of applications to meet its ERP scope, so its importance must not be underestimated.
IT vendors have scripted and expected outcomes for your deal. Securing deal outcomes different from the scripted ones requires convincing your sales team and others within the vendor organisation that doing the deal differently is better for them than the scripted outcome they expected.
Vendor proposals are often received with bundled or complex pricing metrics that lack cost transparency and sufficient details for an accurate total cost of ownership (TCO) analysis.
Business leaders can facilitate an accurate and total cost impact analysis by engaging key stakeholders to ask the appropriate acquisition-specific questions to analyse the right costs.
Sparked by cloud adoption and emerging technologies, a new era for Enterprise Applications has arrived.
Business leads are right to be excited by the opportunity; this technology can help drive your business to new heights of customer engagement, data-driven insight and operational performance. But, for all its capabilities, the technology won’t do that on its own.
This new era requires business leaders to develop a proactive ERP strategy that fuels growth and improves profitability, while managing risk and cost. There is an ever-growing need for businesses leads to change their business- or function-wide operating models to get the best from the new technology.
Most organisations have shifted away from an on-premises-only application portfolio, and are now introducing cloud-based applications — often from multiple vendors.
These cloud-based applications can provide unique advantages — for example, for analytics, collaboration and computing performance.
The impact of cloud-based ERP affects the structure, roles and skill sets within an organisation.
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