Exceeding the $100 million revenue mark is more challenging than commonly perceived. Relying on ad-hoc planning and siloed processes can result in financial performance issues. To advance to the next stage, robust process integration and global financial and operational synergies are essential—and because of these reasons, companies require mid-sized business ERP designed for this stage. …
As businesses evolve beyond the startup phase, they often resort to employing various disjointed solutions, even if ERP may be part of their architecture. ERP adoption at this stage is primarily centered around financial reporting and basic transactions. The budget constraints of the previous stage lead to the creation of ad-hoc processes and unique data …
Growing startups transitioning from smaller accounting systems after they hit their first million in revenue may not immediately prioritize process integration. The simplicity of their existing systems may lead them to believe that larger counterparts overcomplicate processes and data. Some startups attribute their agility and superior customer experience to their “uniquely crafted processes.” Operational challenges …
This digital transformation report summarizes our annual research on ERP and digital transformation trends and forecasts for the year 2024.
