Industry 4.0 is seeping through every corner to transform the way we handle our day-to-day business. The revolution in many ways has helped us to digitalise various processes from design to manufacturing and to help us to better understand and make full use of the overwhelming data volume.

Enterprise Resource Planning (ERP) has had a long history of experience in serving the manufacturing industry. Many businesses nowadays realise that the legacy systems can no longer keep up with today’s dynamic customer’s demands. Therefore, an ERP system that can reflect such change and has the ability to respond quickly to changes is one of the main factors that differentiates one company from the rest.

Internet of Things, or IoT, is a familiar term, which stands for the connection between “things” through the internet. IoT opens up the doors to the bright future where technology makes your life easier than ever. Day by day, our lives are connected more to the internet via devices, applications or services which is the result of non-stop developing in every industry.

Any fully-integrated business system is a dangerous investment that is not simple . For its complexity, a little knowledge of how your enterprise works is never enough. In the first, second and third parts, we have discussed some dangerous mistakes that can be easily ignored in the selecting process, the connectivity and Cloud ERP packages.

Read the first 3 parts by clicking here: part 1, part 2 and part 3

Read more: Infor CloudSuite Industrial and Real-time Business Indicators (P.1)

Investing in any fully-integrated business system is a challenge that is not as simple as you think. For its complexity, a fleeting knowledge of how your enterprise works is never enough. In the first and second parts, we have discussed some dangerous mistakes that can be easily ignored.

(Read the first two parts by clicking here: part 1 and part 2)

Now, for choosing cloud ERP packages, here are a few things to notice.

Investing in any fully-integrated business system can be a challenge that is tougher than you can imagine. For its complexity, it requires more than a fleeting knowledge. Even in the very first stage - the selection process, there are four core factors can be easily ignored: Reliability, Speed, Adjustability and Complexity.

Next, in the implement process, one thing is often overlooked, it is the connectivity of the Cloud ERP Systems.

Read more: Infor CloudSuite Industrial and Real-time Business Indicators (P.1)

Investing in any fully-integrated business system can be a challenge that is tougher than you can imagine. For its complexity, it requires more than a fleeting knowledge of the way your company operates. 

This challenge is especially true for enterprises with the intention of selecting Cloud ERP systems. Specifically, despite having a list of concerns, they are still choosing the wrong ERP solution due to a variety of reasons. Before you decide to invest in a Cloud ERP system, it is best to make sure you go over the potential issues before they become factors which cause your company's losses.

Read more: Why SMBs Find Cloud ERP Increasingly Attractive

Decide to invest in an Enterprise Resource Planning (ERP) system is a big decision to make. Maintaining it, ensuring it always stay up-to-date with the changes in technology developments is an even bigger concern. Businesses often left baffled as to when is the right time to upgrade their current ERP systems. Uncertainties and delays in obtaining the suitable version can lead to lower productivity, decrease in revenue, and many missed opportunities.

Infographic: A comparison of tier 1 ERP vendors

Blockchain technology has become one of the buzzwords recently, it even made headlines in Vietnam. There was an entire event last March dedicated to educating fintech personnel and the general curious public about blockchain and its impact.

Investing in an Enterprise Resource Planning (ERP) system is a big decision to make. Its typical lifespan can range anywhere from 7 to 15 years, sometimes more. After this mark, should businesses consider to upgrade their ERP solution or replace it with something completely new?