Weekly Roundup – Make the Most of ERP, Why ECM Fails, and 5 Trends of Future ERP

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Take a look at our favorite articles we shared last week.

Three Ways to Make the Most of Your ERP Investment

In our most recent blog post, we discuss maximizing the value of your ERP investment. Whether it’s choosing the right system, integrating properly or communicating your needs, one of these methods should improve the outcome of your ERP system, new or old.

“In a recent study of 192 companies with annual revenue ranging from below $25 million to more than $2 billion, conducted by Panorama Consulting, the 2014 ERP Report, 66 percent reported that they had failed to realize more than half of the expected benefits from their ERP project.”

The ‘Why’ of ECM Failure and the ‘How’ of ECM Success

Enterprise Content Management is important to a business due to the improvement to which it leads. However, to ensure improvement, certain aspects of the ECM program must be implemented properly, such as the technology, the leadership or the program itself. “ECM is 70 percent program and 30 percent technology. So it’s critical that someone be running the program and that they have a group of stakeholders involved.

This can range from as formal a structure as an ECM Center of Excellence (COE), to as informal as an ECM best practices group. But it has to exist at some level. This team also needs to establish a rock-solid communications and training program before ECM functionality gets rolled out, to help ensure end-user acceptance and adoption.

And there needs to be a staged approach to the implementation, so that at any point the project can be declared a success.”

Five Trends that Will Shape the Future of ERP

As technology improves, ERP needs to follow the trends. With the vast amount of new technology appearing, there are certain trends that are likely to have a greater impact on ERP in the future than others.

“As trends like Bring Your Own Device (BYOD) continue to make an impact, it’s important that the IT department embraces new technologies for a number of reasons. Aside from missing out on any potential benefits, being too proscriptive regarding the technology employees can use risks the emergence of shadow IT; when IT solutions are built or adopted without explicit organizational approval. Enterprise Resource Planning (ERP) in particular has a lot to gain from adopting an open approach to new innovations.”