Are You Holding Back From Implementing an ERP System Because of Covid-19?

Are You Holding Back From Implementing an ERP System Because of Covid-19?
Written by: Barbara Allen
Published: May 25, 2021




    An enterprise resource planning system (ERP) is an efficient, fundamental tool to ease day-to-day operations. If you’ve been putting off your organization’s ERP implementation due to COVID-19, you’re missing out on the advantages an ERP system like Microsoft Dynamics 365 Business Central provides.

    As companies emerge from the pandemic’s most severe impacts on operations, reigniting digital transformation plans are top of mind to help them rebuild, reinvent, and reimagine their organizations. An ERP implementation now is a smart way to unify your operations across finance, supply chain, inventory, and more.

    While many other ERP solution providers are still scrambling to help their customers virtually, the same cannot be said about 360 Visibility. We’ve been virtually helping our clients implement their ERP systems since 2018—long before the pandemic struck—and we can do the same for you, guiding your company through a successful, fully remote ERP software launch.

    The Key Benefits to ERP Implementation Now

    If your organization has outgrown its accounting software and you want to streamline your financial operations, now is the perfect time to use 365 Business Central to do it. It can immediately start helping you:

    • Increase security
    • Meet compliance standards
    • Consolidate IT processes
    • Reduce IT spend
    • Access real-time financial data
    • Save money and other resources

    One of the major ways COVID-19 has disrupted global operations is in the supply chain, with the virus having both short and long-term ramifications for manufacturers. As a result, many manufacturers are making the switch to ERP platforms that help them better track and control inventory to mitigate supply chain risks.

    Whether your business is continuing with a remote workforce, has people returning to the office, or is adopting a hybrid work environment, up-to-date technologies, processes, and training are essential to supporting employee productivity and continuity. 365 Business Central enables you to adapt to evolving business processes, particularly in times of uncertainty.

    ERP Implementation Anticipates Future Changes

    The economic impact of COVID-19 is sure to result in new accounting rules and considerations for most businesses. Revenue recognition, PPP loans, and taxes are just a few of the areas that will need to be addressed on financing filings and balance sheets. In addition, pandemic-related costs will need to be tracked and reported. New ledgers must be created, and charts of accounts will be updated. Automating existing legacy systems helps improve employee productivity and better positions your organization to flexibly manage the future impact crises will likely have on operations.

    An ERP Strategy for a Post-Pandemic World

    Even if your business has established remote programs, if updated processes aren’t in place, it can lead to:

    • Communications breakdowns
    • Productivity declines
    • Difficulties with timely reporting and financial closing
    • Increased cybersecurity risks

    Getting your ERP system up to speed requires assessing, updating, and automating processes and technologies that ensure employees are adequately trained on the complexities that come with digitalization. 360 Visibility’s Business Impact Assessment (BIA) helps you make the right decisions with respect to a 365 Business Central ERP implementation. 

    A next-generation ERP system can empower your organization to adapt to new ways of working and get ahead of the anticipated immense growth in trends like eCommerce. 365 Business Central delivers the speed and flexibility needed to smooth how systems and people work together toward common business goals. Ultimately, it can help your organization improve its resilience during this and future global crises and prepare for a future in which today’s operating disruptions become tomorrow’s norms.

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