Reduce your risk: 5 reasons your software needs to stay updated
From reducing risk to identifying new initiatives that will save you time and money, your business is constantly moving forwards – but are you taking the right steps to ensure your ERP solution keeps pace? Look after your system, and it will look after your business. Here are our 5 reasons why you simply can’t afford to run an outdated software solution.
1. Is it wise to slow the pace of the digitalising of your business?
Digital solutions are becoming more ingrained into our everyday lives and are positively impacting business - delivering greater efficiency, improving accuracies, all while enhancing your customer service! Sounds good, right? You’re missing out on the benefits of digital if you’re not keeping your software up to date. From digital proof of delivery, to digital receipt management and remote order entry for your sales team, now is not the time where businesses can afford to miss out on the benefits? Plus modern and efficient systems have become a consumer expectation.2. Restricting your online options may ultimately restrict your business!
We all know that the Covid-19 pandemic accelerated the rise of digital trading, and there’s been a noticeable rise in ecommerce’s share of global retail trade. Without an up-to-date ERP or business management system, you may be missing out on ecommerce solutions that integrates into your business, and lets you run it your way. Take advantage of products that enable your business to get online quickly and to service your customer needs, whether that be trade, consumer or both.
3. Outdated IT infrastructure creates unnecessary security and operational risk
If you are running your business solution on-premise, it is likely that your hardware and the operating systems used to run it, are becoming outdated and could be at risk of failure - especially if you have not upgraded in the last few years. This could leave your business vulnerable to complete loss of systems and data, hackers, theft or poor performance. If you are not already using cloud software, then perhaps now is the time to consider this option and mitigate these risks to your business.
4.Innovative features to improve your business processes
Your ERP or business management software provider will, and should, be significantly investing in developing new features to keep pace with the changes that we are all experiencing economically. From your ERP to your web solutions, finance and accounting – your systems should be constantly developed with innovations to ensure your business stays ahead of the competition, and has the tools to deliver excellent customer service. Without keeping your business software up to date, your employees can't make the most of new features and improved functionality. These are benefits that many of your competitors will already offer, and as a result, your business could be falling behind.
5.Using outdated systems can create a false sense of security and ultimately adds costs and risks
Holding off on upgrades can provide a false sense of security and having to do major upgrades all at once, pushes a larger cost into one period, as your teams have more to incorporate simultaneously. Regular upgrades has many benefits, including cost, minimal disruptions and ensures you stay current with the latest technology which has become essential.
Find out more about Kerridge Commercial Systems' innovative solutions at kerridgecs.co.za.
