Upgrade or replace your ERP software?

Upgrade your ERP: pros and cons

Upgrading is often a cost-effective and less disruptive option if your current ERP still supports most business functions. Modern updates can add features to meet evolving needs without requiring a full overhaul. Additionally, ERP apps and add-ons can address gaps in functionality for specific areas like projects, manufacturing, subscription billing or eCommerce.

When to upgrade:

• The upgrade meets your business needs now and in the future.

• ROI from upgrading is comparable to replacing.

• Add-ons provide missing features with minimal risk.

When replacing your ERP is necessary?

If your ERP is outdated, misaligned with your business or lacks modern functionality like real-time data or connectivity or has become too complex/scripted, replacement may be the best choice. Legacy systems often require extensive IT upgrades and support to handle modern demands, making replacement a more practical long-term solution.

Consider replacing your ERP if:

• It has critical functionality gaps that upgrades or add-ons can’t resolve.

• If you have a scattered landscape with multiple systems which hinder centralized decision-making and reporting

• There’s a lack of connectivity with other systems or poor API functionality.

• The provider no longer supports your software version.

• The costs and disruptions of upgrading rival those of implementing a new system.

Why choose NetSuite?

NetSuite stands out as the leading cloud ERP solution, offering a combination of advanced functionality, scalability, and flexibility. Built from the ground up as a cloud-based system, it avoids the limitations of retrofitted legacy systems, providing seamless upgrades, real-time access, and global support.

Key differentiators

1. True cloud design: Automatic updates, anywhere access, and high reliability. All within a single database.
2. Comprehensive features: Combines ERP, CRM, inventory, projects, manufacturing, billing, eCommerce, and more in one platform.
3. Scalability: As a cloud-based system, NetSuite grows with your business, supporting expansions, acquisitions, and changing requirements effortlessly.
4. Global reach: NetSuite supports multi-currency, multi-language, and multi-subsidiary operations, making it ideal for global businesses.
5. Customization: SuiteCloud tools and thousands of native apps allow tailored workflows and integrations.
6. Industry solutions: Pre-configured setups for sectors like services, retail, manufacturing, and software companies.
7. Real-time insights: Dashboards and analytics empower data-driven decisions.

How NetSuite outshines competitors

Many other ERPs are hybrid solutions that are less efficient and harder to upgrade compared to NetSuite’s fully integrated cloud platform. NetSuite’s true cloud architecture simplifies updates and ensures better integration.

It’s easier and faster to implement, more scalable, and does not require extensive custom development.

And finally, it comes with built-in global compliance features that others often lack.

Partnering with Greenstep for success

Working with Greenstep as your NetSuite partner brings additional value to your ERP journey:

1. Extensive expertise: Greenstep has been a trusted NetSuite partner since 2016, providing solutions tailored to your business’s unique needs.
2. Seamless implementation: Our team of NetSuite, Finance and Accounting experts ensures a smooth transition, minimizing disruptions and helping you get the most out of your NetSuite investment.
3. Focus on ROI: Greenstep emphasizes delivering measurable business outcomes, aligning your ERP system with your strategic goals.
4. Enhanced support: From implementation to post-go-live assistance, Greenstep offers dedicated support to ensure long-term success with NetSuite.
5. Value-added tools: Greenstep’s BI Book, built on Power BI, enhances NetSuite’s reporting capabilities with advanced features like budgeting, planning, forecasting, and process mining.

Final thoughts

The choice between upgrading or replacing your ERP depends on your business’s specific needs and growth plans. Upgrading is less disruptive, but for outdated systems or a scattered ERP architecture, replacement may offer better scalability and modern functionality.

By partnering with Greenstep, you can harness a powerful ERP and BI system backed by expert guidance. For ERP and BI support, Greenstep team can help ensure your finance and operations department drives long-term success.

Choosing NetSuite as your ERP system and Greenstep as your implementation partner ensures you leverage cutting-edge technology with expert guidance, setting your business up for long-term success.