Connected Business Infographic - How ERP & IT system complexity is damaging companies.

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Information about Connected Business Infographic - How ERP & IT system complexity is...
Business & Mgmt

Published on February 25, 2014

Author: AdvancedBusinessSolutions

Source: slideshare.net

Description

This infographic looks at the gap between where companies want to be and where they are now in their integration of core IT systems and processes, and the cost of this gap to the business.

The Connected Business Corporate myth or holy grail? System complexity is damaging companies - driving up operational costs, draining organisations’ resources, hampering their agility and preventing their ability to assess new opportunities. This infographic looks at the gap between where companies want to be and where they are now in their integration of core IT systems and processes, and the cost of this gap to the business. Too much information? Over budget & Over time The average mid-size company has 7 4 18 Different systems for planning, business intelligence months Average time to roll out an ERP project in 2013 (Up from 16 months in 2012) & finance £ Different systems within Human Resources Over 50% of ERP implementations were over budget 60% of ERP 010101010211 101010110101 101110101110 110011011101 001101010101 implementations delivered 3 Over /4 of companies less than half the expected results input data more than once Companies with best system integration are X3 X4 Times more Likely to be doing better financially Times more Likely to be growing Does your organisation experience any of the following issues? 77% 73% 72% 68% 68% Difficulty in making changes to systems Having to input the same data more than once Difficulty in producing reports that require data from different systems Conflicting data and/or reports Need multiple sources of support 63% 61% Too much use of made Excel Difficulty in understanding reports from different functions How did your organisation implement solutions? 97% Solutions were implemented over time - not all at once We tried to choose the best solution (in terms of functionality) for each function We tried to keep costs low 53% There was no over - archiving plan for the entire organisation Functional heads work independently to select suppliers without considering the bigger picture 87% 88% 45% All of this suggests that mid-sized organisations are typically less effective and efficient than they might be – a real concern in today’s challenging business environment. For more information on achieving a connected business and seeing more detail on the research conducted, download the Advanced whitepaper ‘The Connected Business - Integrating the entire back office for new agility, efficiency and profit gain’ Download the white paper www.advancedcomputersoftware.com/abs

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