Signs for an ERP ugrade for your project-based company

As already mentioned, the first ERP version wasn’t really into projects. ERP software has transformed, especially for project-centric businesses, in order to attend the challenges of this industry.

Back in the 80’s, a new type of service-based businesses emerged requiring advanced functionality not found in traditional product-based ERPs. Specific applications incorporating project accounting, revenue recognition, and project management functions appeared on the market. Nonetheless, project-based companies continued to use a bunch of stand-alone systems making it almost impossible to gain full control over the overall business.

Since the project life cycle is complex, these stand-alone systems grew into an unmanageable clutter of separate systems relying on the use of  spreadsheets to solve the functionalities that were not supported.

Fortunately for you, modern cloud-based ERP solutions cover it all: from quote to revenue recognition, providing real-time business insights.

Now, take a look at your current ERP system. Is it giving projects the spotlight they deserve? If not, you might be missing out on crucial project insights.

What about decision making? When relying on manual processes, project managers usually have to wait for data to crawl in. Limited and outdated information spread across a multitude of different laptops and systems.

Every moment you resist the inevitable ERP upgrade, you might be accumulating a substancious bill. The expense goes beyond the money spent on maintaining outdated technology. It extends into missed opportunities, and inefficiencies. It comes with hidden costs. It’s not just about the cost of an upgrade; it’s an investment in staying relevant, and competitive.

On the other hand, a legacy system, with its outdated interfaces and limited functionalities, can act as a productivity anchor, slowing down your team and holding back innovation. Frustrated employees working with outdated tools may find their motivation fading away.

Built on Microsoft Business Central, Advanced Projects was crafted to cater to the intricate needs of project-based businesses such as project accounting, project management, project resource management, and project reporting.

Advanced Projects was built by professional service industry experts who understand the complex requirements of project-based companies. It supports remote work environments and is available 24/7 via the cloud.

Too often ignored as part of an ERP implementation process, ERP project fatigue can jeopardise the quality and timeliness of deliverables. Several postponements of the go-live can harm the attention and motivation of the employees selected for implementing a new ERP.

To avoid ERP project fatigue, make it an opportunity to transform your business, not just a tool. Brand the ERP upgrade project with merchandising to make it fun and exciting. And most importantly, keep end users engaged and informed.

Combine traditional training with training videos for lighter users.