So, you’re facing the daunting task of modernizing or replacing your company’s enterprise resource planning (ERP) system. Do you worry about the price tag of an ERP migration and justifying management costs? Or do your main concerns revolve around migration risks and complexity?
Laying the foundation for a successful ERP migration
Like many companies, you’ve likely committed exorbitant resources—both time and money—to implementing your current ERP solution to automate specific business processes, such as finance, purchasing, inventory management, and operations. Your existing ERP has also probably had a significant positive impact on business performance. However, the monolithic design of traditional ERP systems and the heavy customizations required to meet an organization’s specific needs often render legacy systems inflexible and slow at meeting the growing and evolving needs of the business.
As the demands around the digital transformation of business processes increase and the technology landscape evolves, modernization becomes inevitable. This requires specific expertise and involves a significant investment of time and money. In addition to ensuring that the new ERP meets requirements and is configured correctly, it must also connects with other systems. System integration is one of the most overlooked areas in ERP migrations and can significantly hinder deployment if not handled with care. Conversely, when the right experts are involved, work done around integrations can speed up ERP modernization while also reducing migration costs and risks.
B2B integration plays a pivotal role in supporting ERP migration projects
As one of the leading B2B integration providers in the world, OpenText helps many large organizations manage integrations between ERP systems and external trading partner communities, including suppliers, customers, logistics providers and more. As the bridge between external data and internal business processes, B2B integration solutions play a crucial role. They assist businesses in understanding supply chain data requirements and mitigating business continuity risks when changing ERP systems.
44% of transactional data in ERPs comes from external sourcesOpenText and IDG Communication, ERP Modernization and Growing Data Challenges Drive 91% of Enterprises to Modernize Integration Solutions
There are multiple ways in which B2B integration expertise supports ERP migrations. These include accelerating ERP data model definition through automated data discovery, data and process quality improvements and more flexible process design choices. They also provide risk mitigation throughout the project through better insights and testing. For more information on these, you can read our executive brief examining the role of B2B integration in supporting ERP migrations.
Explore your business case with a B2B ERP migration ROI Calculator
Based on our experience supporting customers through ERP system migrations, OpenText has quantified the typical benefits of strategically approaching B2B integration with ERP migration in our B2B ERP Migration ROI calculator. Examining key variables, the ROI calculator helps organizations estimate the value that OpenText’s B2B integration expertise can deliver as part of their ERP migration.
The calculator will allow you to examine the key variables and see how they impact the overall business case and savings potential. You can share the results with your team to initiate conversation. You can contact our solution consulting team for a more in-depth review if you want to validate the numbers and build a more detailed business case.
ERP modernization is the perfect time to re-evaluate your B2B integration strategy
ERP modernization is a significant investment for any organization. Due to its critical nature and complexity, companies often postpone other projects and focus areas to a later time to maintain focus. However, integration solutions carry significant synergies if modernized with the ERP during the transition and beyond.
When it comes to B2B integration, one size doesn’t fit all. An optimal solution requires not only modern technology but also defining the right processes and having people with the right skills aligned with the scope and requirements of the business. In addition to supporting ERP migrations, OpenText Professional Services organization can help determine the right B2B integration strategy for your organization.
Explore the potential savings on your EPR migration project with our B2B ERP Migration ROI calculator now!