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Reduce your risk: 5 reasons your software needs to stay updated

From reducing risk to identifying new initiatives that save time and money, here are five reasons why you can't afford an outdated software solution.

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A person typing on a laptop with a strap that reads Reduce your risk: 5 reasons your software needs to stay updated

From reducing risk to identifying new initiatives that will save you time and money, your business is constantly moving forward – but are you taking the right steps to ensure your ERP solution keeps pace? Look after your system, and it will look after your business. Here are five reasons why you simply cannot afford to run an outdated software solution.

1. Is it wise to slow the pace of digitalizing your business?

Digital solutions are becoming more ingrained into our everyday lives and positively impacting business – delivering greater efficiency and improved accuracy, all while enhancing customer service! Sounds good, right? However, you cannot reap the rewards of digitalization if your software is not up to date. With modern features such as digital proof of delivery, digital receipt management, and remote order entry for your sales team, you definitely do not want to miss out on these benefits!

2. Restricting your online options may ultimately restrict your business!

We all know that the COVID-19 pandemic accelerated the rise of digital trading, and there’s been a noticeable increase in e-commerce's share of global retail trade. Without an up-to-date business management software system, you may miss out on adaptable e-commerce solutions that integrate into your business. Are you taking full advantage of products that enable your business to get online quickly and service customer needs – whether that be trade, consumer, or both?

3. Outdated IT infrastructure creates unnecessary security and operational risk

If you are running an on-premise business solution, your hardware and the operating systems used to run it can become outdated and could be at risk of failure – especially if you have not upgraded in the last few years. Outdated software leaves your business vulnerable to data loss, hackers, and poor performance. If you are not already using cloud software, then now is the time to consider this option in order to mitigate these risks to your business.

4. Innovative features to improve your business should not go unused

Your ERP provider will, and should, significantly and consistently invest in developing new features to keep pace with the economic changes we are all experiencing. From your ERP to your web solutions to finance and accounting – your systems should be constantly evolving with innovations to ensure your business stays ahead of the competition and has the tools to deliver excellent customer service. Without keeping your business software up to date, your employees cannot make the most of new features and improved functionality. These are benefits that many of your competitors will already offer, and, as a result, your business could fall behind.

5. Using outdated systems really creates a false economy and ultimately adds cost and risk

Holding off on upgrades can be a false economy, as having to do two or more upgrades all at once pushes a larger cost into one period because your teams have more to incorporate simultaneously. Regular upgrades spread the cost of the service over time, ensuring that not only can you remain up to date but also do so with minimal disruption to your business.

Find out more about our market-leading ERP solutions today, or get in touch with us to ensure you are on the right version of our software.

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