According to a Panorama ERP study, 61.1 percent of all ERP implementations take longer than expected and 74.1 percent exceed their allotted budget. When you look at numbers like these the thought of updating your existing ERP solution is almost frightening. However, when we snap back into reality we realize that at some point in time every enterprise grade application is going to come to an end of its lifecycle; and your ERP solution is no different.
The question becomes, when do we know when it is time to upgrade our existing software and take on the project of implementing something new?
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