Are you stuck with Shadow ERP eating deep into your business bottom line?

Are you stuck with Shadow ERP eating deep into your business bottom line?

 

I had a neighbor once who,in preparation for selling her house, brought in a cheap painter to make the outside of the house look nicer. The painter skipped the normal steps of scraping, cleaning and priming the house, and just painted over whatever was there, including dirt and even leaves that adhered to the house. The neighbor was happy with the low price for painting the house, and the house looked good for a few months, but I’m sure the people who bought the house paid the price for my neighbor’s shortcuts.And so it is with Shadow ERP!.   Shadow ERP is one of the names for ERP work and expense that’s done outside of the control of the formal IT organization and outside the formal ERP budget. Ultimately, when the formal ERP Vendor is failing, then the expenditure on Shadow ERP can exceed the formal ERP budget. Thus the short-term savings that may have accrued by using Shadow ERP are more than offset by longer-term costs paid by the organization. And ultimately those costs hurt the business bottom line.  

Shadow ERP Diagnostics:

How can you tell if you are stuck with Shadow ERP? Multiple Disparate Systems: This varies from add-ons like excel spreadsheet to other siloed applications integrated with the ERP. One of the biggest downsides of having multiple systems is time mismanagement. Customizing, integrating, and maintaining Shadow ERP with patches and upgrades can be complex, costly and sap critical time. With a single system, the time you save can be spent concentrating on core business activities and improving the business. You’ll also have more time for future planning, strategy, business development and competitive analysis with the burden of paperwork and finding or consolidating relevant data taken away. Others include Data entry errors and unnecessary added cost maintaining multiple systems.  

Inaccurate/Dirty Data: An ERP system is only as good as the data that is in it.Dirty Data exists when there are inaccurate or inconsistent data within the ERP. To make more strategic, data-driven risk decisions, reduce the probability of losses and increase profitability, organizations rely on cutting-edge and tested solutions to manage the complexity of mining the right data. The result of having dirty data in your ERP include but is not limited to dis-satisfied customers, loss of shareholder confidence, unnecessary material and labor cost(Shadow ERP) and the real opportunity cost of time spent correcting errors resulting from dirty data.   Epileptic Support of the ERP: Experts agree that you get the most from your ERP software when users become comfortable and proficient performing the new business processes the software supports. In other words, much of the success of an ERP implementation depends on the people using the system for day-to-day work. Epileptic support will lead to frustration, inefficiencies and will definitely increase the cost through procurement of other work around Shadow ERP systems. How to take Shadow ERP out of the Shadows….InfoWARE ERP beams the light!  

If your goal is to reduce cost by streamlining operations and focus on key business strategy to drive results, the safest investment is InfoWARE ERP. Here are four important benefits to keep in mind:

The industry says so! The largest financial institutions in Nigeria and West Africa including more than 70% of Nigerian banks’ affiliates use InfoWARE ERP Single Source ERP: InfoWARE ERP InfoWARE ERP Business Solutions provide comprehensive and complete solutions with the luxury of one-stop shop through a single vendor. It allows you streamline your business by providing a single location for all data. This single point of control eliminates duplicate entry…one of the major causes of dirty data. Accurate Data. The uniformity, checks and controls of record data that InfoWARE ERP instills will help ensure that your records are more accurate, leading to efficiency of operations and quality of decisions made. Unparalleled Support: We are also fanatical about support! InfoWARE prides herself in providing excellent customer support via email, Instant Messaging, Phone or in person, with staff availability 24/7 both in Nigeria and the US. Our experienced solutions consultants with extensive knowledge in best business practices are able to evaluate your business and current use of the software, and make recommendations for improvements. This process has proven to be invaluable for many companies, enabling them to take advantage of the latest features and technologies with very little or no disruption to their business. With over 20 years of unparalleled experience and extensive research in the financial sector, we work side by side with our clients to deliver solutions that are resilient and responsive enough to handle the demands of a volatile and dynamic business world. Let us help you flush out the shadows completely.