By some estimates, up to 75% of enterprise resource planning (ERP) implementations fail to meet critical goals. Others say failure rates are probably closer to 40 or 50%. Either way, the numbers aren’t great. According to Deloitte, the best way to beat these odds is to analyze the “critical failure factors,” or CFFs, of ERP…
While there’s no official consensus on the exact percentage, experts agree that more than half of all ERP implementations end in failure. McKinsey estimates around 70% fail, while Gartner gives a range–between 55% and 75%. If you’re looking for more tangible flops, you can check out CIO’s list of 16 famous ERP failures. We’re not…
According to Microsoft, integrating all front and back-end business processes and systems into one platform takes anywhere from six months to two years. And that’s assuming everything goes as planned. Several factors — size, sector, customizations, and condition of your data–determine the cost, complexity, and duration of the implementation process. All this makes it difficult…
Digital transformation is no longer an option – it’s a necessity. If businesses want to remain relevant and competitive, they must go digital. And it’s up to their leaders to get them there. CEOs play a critical role in driving digital transformation initiatives within their organizations. But creating a culture open to transformation can be…
CEOs can drive innovation by creating a culture that encourages risk-taking, creative thinking, and collaboration across the organization. By empowering employees to experiment with new ideas and challenge traditional practices, CEOs can foster an environment where innovation thrives. This approach not only leads to long-term benefits like increased revenue and customer satisfaction but also helps…
The initial hope for CRM (Customer Relationship Management) software was to revolutionize sales by automating processes, assisting sales professionals with prospect management, providing timely reminders for sales pursuits, and transforming a traditional Rolodex into an interactive, continuously updated tool. However, the reality of traditional CRM use has often not lived up to these expectations, with…
Implementing a new Enterprise Resource Planning (ERP) system is a challenging process for any organization. One of the biggest challenges is often the disruption to normal business operations. Project leaders must implement various strategies to limit these disruptions so daily work can continue as smoothly as possible. This blog aims to dispel the myth that…
Creating a change management strategy for a hybrid work environment involves careful planning, communication, and implementation to ensure a smooth transition. Big organizational change is always challenging. It forces people to confront uncertainty and make themselves vulnerable in a situation where making the wrong move might put their reputation and livelihood in jeopardy. Here, we…
Introduction “Go-Live” is the final post in a series discussing how Velosio can assist your company in completing a successful ERP implementation. If you want to review the other posts in the series, or learn more about Enterprise Resource Planning (ERP) implementation and how Velosio can help, look at: Make Velosio Your ERP Migration and…
We’ve said it many times before: every ERP implementation is unique. “Success” can mean very different things to different organizations – even if we’re talking about two companies with the exact same demographics. With that in mind, here are ten critical factors that can help you set the stage for a successful ERP implementation. 1.…
