Why should you take advantage of ERP Software upgrades?

Have you been holding back on upgrading to the latest version of your MYOB Exo?

Have you considered the hidden costs of not upgrading?

When businesses are considering upgrading ERP software, it may sometime appear tempting to try and avoid short-term costs and business disruption, however postponing upgrades can ultimately require far more effort and can be more expensive in the long run. When you skip a major upgrade, you don’t remove the costs and effort associated, you merely postpone them to a later date, along with the benefits and enhancements that could be achieved. The effort and expense involved with the next upgrade is often compounded, as the impact and complexities become larger than they were before.

Our vendors are continuously working to improve their software and deliver new features, allowing clients to experience the best capabilities of the product. ERP software is designed to maximise efficiency within your organisation. Upgrading your software means that you will be enjoying the benefits of the functionality the solution offers.

Computer technology and potential security threats change rapidly, and failure to perform regular scheduled upgrades to your system can pose serious risks for your organisation. Postponing upgrades may appear to save money, but it can often end up costing more in the long run.

Unsupported Software

Older software editions are often no longer officially supported, potentially leading to running issues such as bugs and poor performance, which can impact on your business’s efficiency. Should a critical software issue or security vulnerability arise, vendors may only address issues for supported versions, exposing your business to risk.

Increased Cost

Delaying regular maintenance and updates to your system may be more expensive in the long run. It may well cost more money to do system-wide upgrades when regularly scheduled updates could keep everything running well, and help in identify or minimising any issues before they can impact your business.

Security

The security of your data is crucial to your business. An outdated ERP system can leave your company data at risk, potentially vulnerable to hackers and viruses. Upgrading and maintaining your ERP and system software is a critical line of defence when it comes to data protection.

Compliance

ERP software vendors work to ensure that the software you use remains compliant with new legislation or laws which are relevant to business operation (taxation, staff, compliance, data security, etc). Not upgrading your ERP software may increase your risk of no longer being compliant.

Keep your competitive edge

New features and system enhancements can really help you drive change in your business.  Upgrades can include time saving features, better layouts and streamlined processes that can lead to increased productivity and staff morale. The latest version can offer your staff the tools they need to stay ahead of the competition.

The benefits of regular upgrades can help your business:

• Keep up to date and comply with new regulations
• Streamline and automate
• Safeguard your data
• Run at optimal performance
• Provide the most up to date user experience
• Stay competitive

Upgrading your ERP goes beyond saving money down the line, it means investing in your company productivity and enhancing results and revenue though better technology. We recommend you protect your ERP system investment though a frequently, well planned and executed upgrade schedule which helps you stay on current and supported versions, improving efficiencies across your business.