Report

The ERP platform play: Cheaper, faster, better

The ERP platform play: Cheaper, faster, better

Upgrading an enterprise resource planning (ERP) system is a major investment, often costing up to $500 million and impacting business operations for a decade. To improve cost-efficiency and outcomes, adopting a product and platform strategy—similar to tech companies—is advised. This approach emphasizes modularity, reducing dependencies and complexities, which allows for more agile and independent decision-making. By focusing on modular products and platforms, companies can achieve quicker, more flexible, and scalable enhancements that align with strategic business values.

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