Maintaining Compliance and Upgrading ERP Systems to Improve Operations in Process Industry

1. UPGRADING ENTERPRISE SYSTEMS for Success in Process Manufacturing Top Pressures to Improve Operations in the Process Industry Comply with regulations Reduce operational costs Increased competition Need to comply with current and future regulations Customers demand lower costs Need competitive differentiation 14% 25% 43% 35% 65% 53% Maintaining compliance drives lower operational costs and enables competitive differentiation All Respondents Process Out-of-compliance Millions in lost revenue High operational cost Primary reason for out-of-compliance is outdated enterprise systems Average time between upgrades is over 3 years, longer than all others Process manufacturers twice more likely to not upgrade their ERP systems at all 25% 15% Once a year 21% 24% Every 2 years 14% 14% Every 3 years 8% 9% Every 4 years 12% 9% Every 5 years More than 5 years between upgrades 15% 21% 4% We do not perform upgrades 8% All Respondents Process Process ‘Leaders’ outperform ‘Followers’ by staying on top of technology Over 80% of leaders are either on latest release or just one behind One release behind Implemented on latest release 40% 43% 18% 27% Leaders are 59% more likely than Followers to be on the latest ERP Leaders drive Higher levels of compliance [99%] Lower costs Better operational efficiency 9% higher operating margins Why upgrade ERP? ERP upgrades drive Enterprise KPIs On Time and complete shipment 94% Reduction in inventory with upgrade 17% 9% 87% without without On time and complete shipment Reduction in inventory Higher Operational KPIs Improved bottom line (KPI) increase in operational margin with upgrade 5% decrease, without 2% Increased top line (KPI) Operating margin vs corporate plan All Respondents Process Cloud can help keep your ERP up-to-date Configuration flexibility Ability to scale solution Ease of use 52% 45% 38% 38% 31% 28% Lower upfront costs Lower total cost of ownership Reduced cost and effort of upgrades Cloud ERP advantages Constantly updated Zero disruption Lower total cost of ownership (TCO) Easy scalability Learn more about how to upgrade your ERP from the Aberdeen Group Report http://go.infor.com/erp-upgrading-enterprise-sytems/ Download whitepaper Source: Aberdeen Group © Copyright 2016. Infor. All rights reserved.