Advantages of outsourcing with ERP managed services

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Resource planning concept

As the complexity of an ERP solution rises, the costs and overheads increase as well. By engaging with an ERP managed services provider, you can alleviate some of the associated business challenges and receive support in managing most if not all the complex, time-consuming, and resource-intensive operations around your ERP systems.

In this article, we’ll cover the main advantages of outsourcing the management of your ERP system to a third-party ERP expert

ALSO READ: The Importance of Human Resources Analytics

Why you should outsource the implementation and management of your ERP system

You might be confident that you can implement and manage your ERP system all on your own… But should you? Implementation and management of ERP systems are usually fairly complex and time-consuming, and you always need to be one step ahead to identify, prevent, and resolve issues before they become a problem. Can you really afford to spend time on this and not focus on the core part of your business?

Hiring an ERP expert to help you with your ERP implementation and ERP managed services will save you from headaches, hassles, and time doing it yourself and ensure reduced costs and increased quality and responsiveness throughout the lifecycle of your ERP system.

The major challenges of managing an ERP system

A company needs to skillfully avoid a plethora of pitfalls to make the most out of their ERP system and achieve a high ROI (Return On Investment). Here are the three biggest challenges of managing an ERP system on your own.

Continuously improving and optimizing the ERP system

As the market undergoes changes, you need to follow suit, and so does your ERP system. ERP systems need to be constantly monitored to make sure it’s updated and aligned to the ever-evolving and ever-changing nature of the market and your business structure.

Training and support

Employees attending a training session

Your ERP system will only be as good as the ones using it. From the moment the ERP system is implemented, and continuously throughout its lifecycle through constant change and updates due to new organizational or external changes, everyone using the ERP system must receive adequate training to properly utilize the system to its full potential. 

Functionality and security updates

And last but not least: security and functionality updates. As new threats and vulnerabilities are identified, the ERP system needs to be updated and patched to make the application secure. Your own operating systems, networks, and workstations all need to provide a secure environment for the ERP database, ensuring that the ERP system does not become the weakest link in your software environment.

Benefits of ERP managed services advisory 

ERP advisory for implementation and managing of an ERP system is more often than not a requirement to make sure the system is utilized properly. By engaging with an ERP managed service provider for ERP advisory, you can expect the following benefits:

  • Reduction and elimination of repeat fixes
  • Minimized technical debt
  • Maximized system resilience
  • Lowered TCO (Total Cost of Ownership)
  • Maximized return on your ERP investments

Contact an ERP managed services provider today and make sure you get full value out of your ERP system.

ALSO READ: The Adoption of Collaborative Enterprise Planning for Businesses

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Karandeep is a technical content writer based out of Pune, a city in India that is also known as the Oxford of the East. His journey with writing started in 2014 when he decided to try his luck in a gaming startup as a Content Developer. Since then, he has written on a wide range of topics within the gaming and the tech space. Apart from his love for gaming, Karandeep is keeping tabs on the hottest trends in the tech industry. After completing his Bachelors in Business Administration (BBA) from Symbiosis International University, Pune, he worked as an intern in an NGO that focused on urban development. Right from Fintech to cutting-edge cloud computing applications, his love for technology is one of the reasons why his articles have been published in multiple tech magazines worldwide. Karandeep believes that it is important to keep writing simple and straightforward for the audience without the use of a lot of jargon. He likes to explore his creative side by writing about different tech domains such as fintech, Martech, gaming, and Edtech to name a few. He is also intrigued by how business leaders put life into their innovative ideas, build successful companies, and rise above the competition. At iTMunch, he writes blogs and news articles that cover the latest trends, mergers & acquisitions, and product launches. He uses catchy phrases and interesting statistics to make his content more relevant and appealing to the audience. When he is not writing, you will see him wandering around the streets of different Indian cities looking for the best street food around. His love for travel coupled with an interest to explore different cultures has taken him to different places across Asia and a few other regions in the world.