How Outdated ERP Can Hurt Your Entire Workforce

Is your current legacy ERP system reducing your business's potential by scaring off talented younger workers? According to Inc. magazine, by 2020 millennials will make up 50% of the American workforce, and by 2025, millennials will comprise 75% of the global workforce. Economies and businesses are changing, and attracting and retaining new talent is key to sustainable growth for your business. So what’s all this have to do with your ERP solution?

Legacy ERP interfaces can deter younger workers

Legacy on-premises ERP systems were originally designed 25-30 years ago, and they’re nearing their end of life. Microsoft Dynamics GP, for example, is 30 years old. Business strategies and needs have changed a lot in the past three decades, and what was once innovative is now often inadequate.

By Marty Schillaci, CEO of The Resource Group

As the CEO of The Resource Group, I’ve done a lot of research on the future of enterprise resource planning (ERP). Needless to say, I’ve learned some interesting things.

By Marty Schillaci, CEO of The Resource Group

Since I started The Resource Group in 1988, I have seen four major changes in enterprise resource planning (ERP) software, which has caused clients to change their solutions.

Having been a Microsoft Dynamics GP partner for 30 years, we understand why some nonprofits think of GP as "Great Pains." GP was very useful for a long time but lacks cloud access, fund accounting, grant management, dimensions, and other things that can shave weeks off of monthly closings and preclude the need to add finance staff, even as transactional volumes increase.

Is it time to transition your organization's accounting software? It's challenging to navigate today's dynamic environment with technology that was designed pre-internet. With increased oversight, competition for funding, and expanding compliance requirements, your organization should be leveraging the modern technology available today. Do you find your organization struggling with lack of flexibility, real time visibility, easy reporting, and automation of key processes? Would you like to enjoy easy integration between your solutions, providing instant visibility to key metrics, outcomes and performance?

The technology revolution has made these types of functionality the norm rather than the exception. It is critical to work with an easy-to-use system that supports an evolving environment. To maximize your Return on Mission, you'll need a modern, best-in-class cloud accounting solution: Sage Intacct.