More than 50% of businesses that rely on SAP to run their critical operations face a difficult decision. According to a 2019 survey conducted by the Americas’ SAP Users’ Group, 56% of SAP customers plan to move to SAP S/4HANA. But when it comes to ERP implementation, they are lost.
ERP implementation is a complex, time consuming and expensive process
Complex, custom SAP on-premise installations may require retooling, which increases costs and timelines. Line-of-business stakeholders may insist their essential applications cannot tolerate any disruption. Users may baulk at potential changes to their interfaces and processes. Even the “low hanging fruit” — apps and databases that everyone agrees should be moved first — involve time-consuming, costly, and disruptive processes.
Many companies (specifically in the banking, mining or heavy industry space) have spent millions on their legacy SAP systems. These potentially have a few more years to run until the opportunity to migrate to the cloud makes financial sense. While most agree on the need to migrate to the cloud, the business case for an updated ERP implementation isn’t strong enough yet to justify a move.
There’s a world of cloud solutions out there
The proliferation of cloud ERP solutions has also made this decision fraught with options. Given that many companies are eyeing an entirely new ERP implementation rather than a migration, the possibilities increase exponentially. Indeed, many of these newer ‘kids on the block’ have invested heavily in industry cloud solutions. They are often even place better on the Gartner quadrants than the equivalent SAP solutions.
Cloud truly opens up the discussion around a multi-vendor ERP approach. But this is a discussion for a separate post. The issue at hand is can companies still bound to a single ERP vendor take advantage of some of these ‘best of breed’ solutions without disrupting their current investment or cloud roadmap?
Does a multi-vendor approach make sense for businesses?
The answer is YES.
One example is Infor EAM. Infor Enterprise Asset Management (EAM) helps you better align your workforce, equipment, and resources, maximising the availability, reliability and performance of assets. It will see you achieving that all-important competitive advantage while minimising the total cost of ownership.
Infor EAM is routinely voted as the best asset management software on the market. It has recently won accolades from Plant Engineering as the Product of the Year. It was also named as the asset management system leader in the Gartner Magic Quadrant.
Dip your toes in the ‘cloud’ sea of solutions
neuvos.io, the global Infor business, is currently engaging with several mining clients with massive on-premise SAP systems. They are looking to take advantage of new technology and ‘dip their toes’ in the cloud sea. These organisations are looking to implement Infor EAM and WMS in their existing SAP landscape. This will see them taking advantage of a world-class asset management solution in a critical area of their business. Not only does this give them significant benefits for a relatively low investment. It can also extend the life of their existing ERP implementation beyond what would have been the case before.
There are a number of these use-cases. Human Capital Management, Procurement and advanced analytics are all areas ripe for disruption.
nuevos.io is a global Infor business ready to help you with your next step in the ERP implementation and evolution.