Think about the wave of improvements we’ve seen in the automotive industry during the past few years. The innovation has been remarkable. Vehicles are safer, more comfortable, and cleaner for the environment.
Now, imagine that you’re driving a car that’s 10 years old.
You’ve missed out on many of those advancements. Yes, your older vehicle may still get you from Point A to Point B. But it’s no longer turn-key. (Or push-button, for that matter.) Maintenance is costly. It lacks the modern features we’ve come to expect. You probably have a nagging sense that you’re getting passed by everyone else.
Well, application development is remarkably similar.
It’s a fast-moving field where if you blink, you’ll probably miss something. And in this time of rapid change, organizations are embarking on modernization efforts around applications that result in businesses expecting more and more from their enterprise resource planning (ERP) systems.
Wouldn’t it be nice if there were a way to know if you’re keeping pace with all that change on your journey? Well, there is. But before we get to that, let’s take a step back and think about the evolution of ERP systems.
Companies, of course, today rely on their ERPs for just about everything. Financials. Supply chain. Operations. Manufacturing. HR. And on and on. It’s the living, breathing heart of the business. But if your ERP system moves slow, your entire business moves slow. It’s like that old car.
We’ve come a long way from the old days of mainframe systems. Gartner has christened this as “the fourth era of ERP.” Instead of focusing on a monolithic piece of technology, businesses are assembling a “composable” ERP ecosystem of faster, cloud-based applications that are less expensive, offer greater flexibility, and are more customer-centric.
Organizations further along on this journey were better prepared to deal with the sudden arrival of a global pandemic that required some incredibly nimble pivoting. But for other businesses, the last year or so has put extreme pressure on ERP infrastructure that’s now creaking under the growing stress.
The word disruption gets overused in business. But not in this case. The modern ERP must be the hub for an increasingly complicated landscape of legacy systems, multicloud environments, and edge technologies like IoT. As organizations add countless applications to their existing landscape, there’s an obvious weak point.
Companies must stitch together everything to ensure the right data is always available to the right people for making the right business decisions. Those integrations cost time, effort, and money. (Often, a lot of each.) Suppose integrations take months – or longer – to deploy. In that case, it’s virtually impossible to have the real-time data that enables you to deliver the “on-demand” customer experiences that everyone expects today.
There are two competing interests at work. On the one hand, every business is in a race to modernize its ERP landscape. Conversely, organizations are inherently cautious because of the risks involved in making changes to such a foundational business system.
So, it’s sometimes hard to know if you’re making real progress in your ERP modernization journey. Wouldn’t it be nice if you could measure where you stand?
Now you can.
Boomi’s new benchmarking tool quickly enables you to identify where you’re doing well, areas needing improvement, and how you stack up against your peers.
Our integration platform enables organizations to modernize their ERP by creating a connectivity layer that seamlessly unifies their digital landscape. Boomi was the pioneer of integration platform as a service (iPaaS) and remains a category leader. So, we’ve seen it all when it comes to upgrading ERP capabilities to keep up with the speed of business – without breaking the bank.
This is why we created the measuring tool. Organizations need to determine if they’re moving fast enough.
ERP modernization is no longer a “tomorrow” project. The pandemic has added a new level of urgency. Organizations understand that it’s key to staying relevant. And in some respects, change is being forced upon businesses by the marketplace. Major ERP providers are sunsetting legacy systems and releasing newer, cloud-based versions, such as the ongoing migration to SAP S/4HANA.
There’s one other point to consider with the vehicle-application development analogy. In both cases, you don’t know what you don’t know. For instance, you probably never fully considered all of the problems you endured with an old car until you got a newer version. Then, you would never go back.
That’s also why an ERP benchmarking tool has so much value. It may very well open your eyes to the extent of your challenges. And you may very well ask yourself the question, “Why do we want to keep dealing with this?”
Check out the Boomi ERP benchmarking tool — it's free to use!