Whether a company is using one of the “Big 6” ERP’s – SAP, Oracle, Sage, Workday, Infor, or Microsoft Dynamics – or one of the hundred or more other smaller ERP’s that are customized to a specific vertical industry, ERP software systems are the “heart and lungs” of any business. From inventory, sales, and purchasing to manufacturing and finance, ERP systems touch every part of the business and provide workflow and control. When you hear enterprises talking about “mission-critical” systems, they are talking about their ERP. In fact, most companies invest millions in these systems, dedicating huge teams and amounts of time to manage, customize, and optimize them, all to gain a strategic edge.
The challenge for companies is that this treasure trove of data resides in a monolithic system that retains and structures data in very rigid and complex ways that are not aligned with the agile reporting needs in today’s market. Everything is data-driven now, but if teams can’t easily access and report on it in an automated fashion and in real time, the data isn’t very valuable.
In this light, we spoke with Mike Lipps, CEO, insightsoftware, about some of the common challenges a lot of teams have in terms of reporting out of ERP systems – and how this type of automation not only benefits the business, but also adds value to the underlying ERP data and investment.