Your ERP system is perhaps the most important software your business will invest in. Not only does it keep track of your accounting data, sales history, and other business operations, but you also rely on the reports your system gives you to make important decisions about the trajectory of your company.

You need to make sure your system is prepared for the future. Modern ERP systems can give you the tools you need to succeed.

What is ERP Modernization

ERP modernization is the act of updating your Enterprise Resource Planning (ERP) system. If your legacy ERP system is costly, causing data bottlenecks, or just doesn’t have the integration capabilities your growing company needs, it might be time to modernize your ERP system.

Upgrading your ERP system may include:

  • Migrating to cloud-based solutions
  • Integrating new features
  • Updating your current software

ERP software capabilities are constantly evolving with technology. By modernizing your ERP system, you’re giving your team the best tools to help them work more efficiently.

How is This Different from Your Legacy ERP System?

Unlike legacy ERP systems, modern ERP systems are built to adapt to your business model. As your team and integration needs grow, so does your system. If you decide to pivot or scale down, modern ERP systems have the capabilities to scale with you.

Modern ERP systems tend to have more flexibility than legacy systems. There’s more room for custom integrations, better analytical dashboards, and more security measures to keep your data safe.

Modern ERP Systems

Modernizing your ERP system will give you access to updated features, allowing you to monitor your data and streamline communication across teams. Don’t let your systems fall behind; explore the benefits of switching to a modern ERP system.

Features

Modern ERP systems are built for:

  • Cloud Deployment—with hybrid deployment options as well
  • Mobility—with a user-friendly interface
  • Security—data encryption and documented plans in case of suspicious activity or data leaks
  • Scalability—adapting to your business needs
  • Automation—predictive analytics, virtual assistance, and other AI-led automations
  • Real-Time Analytics—updating dashboards as the data evolves

Not only do the features of modern ERP systems make your workflows more efficient, but they also set your company up for success by preparing you for the future.

Benefits

When you transition to a modern ERP system, you’re making your team members more productive and your data more secure. Modernizing your ERP system:

  • Reduces costs—Because you don’t have to invest in new hardware or infrastructure improvements, using a subscription model with cloud deployment minimizes your upfront cost.
  • Increases security measures—Thanks to data encryption, real-time and continuous monitoring, and role-based control access, modern ERP systems have built-in security measures to keep your data safe. 
  • Provides scalability—Modern ERPs are created to adapt to new integrations, advancements in technology, and regulatory changes. This brings more flexibility to scale as your company grows.
  • Allows for flexible integration—Built-in API connections allow you to select which modules you want to integrate with, making your system fully customizable and tailored to your integration needs. 
  • Allows for more informed decision-making—Real-time analytics allow your team to visualize data better, making it easier for them to quickly adapt to changes and take advantage of new opportunities as they arise.

Modern ERP Software

Finding the right modern ERP software is a huge undertaking. You need to compare ERP software based on pricing, deployment options, and more. Depending on your integration needs, there are many platforms to choose from, including:

  • Acumatica
  • Oracle NetSuite
  • Dynamics 365 Business Central
  • Sage Intacct
  • Odoo
  • Infor
  • Epicor

After researching software options, you still have to decide what to do with your old data. Luckily for you, eOne Solutions can help you migrate legacy data into your modern ERP system, so you never have to worry about missing information.

ERP Modernization with the eOne iPaaS

By utilizing the eOne iPaaS, your team can get access to the right data at the right time. No more wasting time sifting through data; eOne Solutions is here to fill in data gaps and make sure your ERP system is working as smoothly as possible.

With the eOne iPaaS, you can:

  • Move your data effortlessly: eOne takes the information from all your tools and puts it into the correct system.
  • Get exactly the data you need: Sometimes it’s better not to move data around. When that’s the case, we embed it into any app you already use.
  • DIY custom reporting: Get an easy-to-use tool that lets anyone on your team create reports with any of your data.

Integrate all your ERP data in real time. eOne brings everything together under one roof for you so you can finally take control over your ERP data.

Closing Thoughts

Choosing the right modern ERP systems will set your business up for success. You’ll be able to take advantage of easy-to-read dashboards, AI-driven automation, and a system that adapts to your needs. So, what are you waiting for?

When you decide to modernize, the eOne iPaaS will be here to help with all your migration and integration requirements. Get started today and reap the benefits of modern ERP systems.