Ten Reasons to Implement ERP Software During the Economic Downturn
Posted by Glen Mund on Fri, Jan 30, 2009 @ 02:33 PM
by Eric Kimberling (IT Toolbox.com)
There is a considerable discussion among ERP industry analysts around whether or not now is a good time to select & implement a new ERP system. Indeed, some reports are prediciting IT spending to stay flat or decrease slightly in 2009.
However, many companies are finding the current economic environment is an ideal time to replace their current enterprise systems. In fact, according to Panorama research, a majority of organizations (53%) plan to either replace or upgrade their ERP systems in 2009.
Below are the top 10 benefits & results of implementing ERP in the current economic environment:
1) Reduce total cost of Ownership.
As mentioned in a previous blog entry, ERP software vendors are pricing their offerings more aggressively than usual. This presents a unique opportunity for companies to procure software at a lower cost than possible during a more robust economic cycle.
2) Increase Revenues
Many companies are facing flat or declining sales during this economic downturn. ERP functionality such as CRM & sales force automation can help companies sell more effectively to better confront these economic headwinds.
To read the whole article, click here: http://it.toolbox.com/blogs/erp-roi/ten-reasons-to-implement-erp-during-the-economic-downturn-29577