The increased necessity for reliable software systems means companies are more willing than ever to pay a premium for consulting services as they attempt to transition from dated legacy systems to modern ERP systems.
Increasing the Agility of Your ERP System
Software makers are now able to provide much more agile solutions that have the flexibility to handle two companies’ operational or product differences while consolidating the financials. By investing in initiatives to aid in business process improvement and technology solutions, companies can position themselves for more efficient and higher returning acquisition deals.
The Benefits of Real-Time Data Access Through the Cloud
Implementing a new ERP can potentially reduce head count in the short run, and shows potential buyers that there is now excess capacity to handle rapid growth without adding staff. Having a single platform solution across the enterprise will provide any necessary data that the buyers may need to analyze and determine the ROI. This data can be accessed in real time in the cloud, eliminating the need to download and analyze massive amounts of old data in Excel. Additionally, data can seamlessly be uploaded, downloaded, and analyzed from any location.
How the Integration Period Impacts Your Merger
Companies are saving millions of dollars a year with upgraded systems and buyers are starting to take notice. The amount of time it would take to integrate systems is becoming a top metric evaluated among buyers. The quicker the integration period from newly acquired companies, the more successful the merger.