Investing in intelligent cloud ERP today can enable organizations to achieve the technology baseline needed to compete against today\u2019s fast-changing market pressures. Deloitte\u2019s research on enterprise tech trends confirms that a standardized, flexible architecture can allow IT to unlock efficiency, lower costs, and achieve faster speed to value with innovation.<\/p>\n
Organizations can\u2019t afford to invest in technologies that limit agility or scaling, or that don\u2019t support end-to-end integration of Big Data throughout the enterprise. Switching your business from legacy ERP to a new, intelligent software-as-a-service solution in the cloud can be the turning point in preparing your organization for the future. You\u2019ll gain a standardized system with simple updates, so your team can focus on strategic initiatives instead of trying to extend the lifecycle of aging systems.<\/p>\n
The benefits of intelligent cloud ERP adoption can be measured in metrics that resonate with other business leaders \u2013 including profitability, cost reduction, and growth. If you\u2019re working to achieve full executive buy-in for this investment, here are five data-driven categories of reward that resonate with leadership outside the IT department.<\/p>\n
Customer satisfaction and loyalty are at the core of profitability. Your customers may not know you\u2019ve invested in cloud ERP, but they\u2019ll notice the outcomes in terms of competitive pricing through operational efficiency or innovative new products. Aberdeen Group research reveals that organizations with best-in-class customer experiences outpace their peers in annual profit margin growth by 527%, as well as 359% higher annual revenue growth.<\/p>\n
An end-to-end ERP solution in the cloud doesn\u2019t just reduce IT\u2019s investment in hardware and labor. It supports enterprise-wide transparency, leading to cost reduction throughout your profit centers. The Center for Global Enterprise states that adopting a digital supply chain cuts costs by 50%, reduces procurement by 20%, and increases revenue by 10%.<\/p>\n
Customer perception is an invaluable success factor. Forbes reports that up to 75% of a brand\u2019s value is intangible and directly related to concepts like reputation and trust. Kantar Millward Brown research confirms that brands with a reputation of innovation have nine times more \u201cbrand value appreciation.\u201d<\/p>\n
Intelligent cloud ERP can enable faster digital innovation and speed to value in deployments of emerging technology categories such as artificial intelligence and hyper-personalized experiences. These new products can increase market share and improve existing customer loyalty by providing additional revenue streams. Eighty-six percent of customers will pay more for an upgraded experience, while 55% will pay more for a \u201cguaranteed good experience\u201d according to thinkJar surveys.<\/p>\n
Success in the future may depend more on revenue streams that are digital, including personalized products and digitally driven customer experiences. MIT Sloan Management Review reveals that companies with at least 50% or more digital ecosystem revenue achieve 32% more revenue growth and 27% better profit margins than their peers. Intelligent cloud ERP solutions provide the Big Data and processing-power baseline needed to claim a stake in the digital economy landscape.<\/p>\n
IT\u2019s challenge is no longer to find the right IT solutions. Legacy systems have given way to flexible, cloud-based architectures that can scale seamlessly to accommodate massive stores of Big Data and continual evolution. Intelligent cloud ERP automates the enterprise end to end, allowing IT to achieve benefits of speed, scalability, and lower maintenance.<\/p>\n