It is time to change the legacy systems at your organization
With the advent of technology, the scenario of operating a business has been ever-evolving. A few years ago, retail business owners had started investing in technological solutions to manage various business functions, such as inventory, merchandising, employee management, customer management, finances, Point of Sales, and the like. However, the times have changed now, and so has the complexities of the business.
Using legacy systems in the present day would not support the business in coping up with changing trends. In this article, we are sharing three major reasons for not sticking with these outdated systems and switching to modern ERP solutions.
1. Need for high maintenance
The traditional systems that are present in the market offer only a handful of preset features. In order to make them more relevant for the business, retailers need to customize the systems to a large extent. Consequently, a lot of time, effort, and money is spent on the same. These changes might disturb the entire workflow and make it erroneous. Moreover, it might not even be feasible to customize the solution to favour the business needs.
Using end-to-end ERP systems, on the flip side, that have evolved over time, include features that ensure that the business functions smoothly. There are no major customizations required in order to meet the industry needs. Deploying an ERP helps reduce the time, effort, and money spent in maintaining an outdated system.
2. Fewer options for integration
Legacy systems were designed to manage a specific business function. For instance, inventory management systems were used to monitor all aspects of the inventory - stock numbers, item categories, stock movement, and much more. Similarly, the Point of Sales system including a typical cash register was used to manage the customer transactions. The major hurdle that retailers faced was compiling all data, understanding the business flow, and taking relevant decisions to scale up the organization. Due to the usage of unconnected systems led to a lot of data errors, duplications, delays, and much more. Keeping a check on all these factors became troublesome as the industry started expanding.
Modern-day ERP solutions are designed with the ability to integrate with multiple systems managing distinct business operations. These modules are capable of working independently as well as are well-connected, in order to keep the system up to date in real time. They can also be easily integrated with third-party solutions such as customer loyalty programs, mobile wallets, and the like. ERPs that offer such a high level of integration ensure data integrity, real-time updates, ease of use, and much more.
3. Restricted scope of growth
With the rise of competition in the retail industry, every retailer needs to ensure that they are constantly growing. However, using legacy systems stunts growth. These systems are inflexible to changing needs of the industry. For instance, most legacy systems do not have the provision of enabling omnichannel business model. This, consequently, reduces chances for the retailers to compete with their contemporaries.
On the other hand, using an ERP solution has proved to be advantageous for retail businesses. Their flexibility to support new changes in the business have allowed retail organizations to up their game and stay ahead of their competition.
Ginesys is one of the leading ERP solutions that has replaced traditional systems in leading retail organizations all across India by catering to the changing business needs. These organizations have been able to grow rapidly after the implementation of Ginesys ERP solution.