The Pressure to Modernise
Businesses across all industries face increasing pressure to modernise their legacy applications. The question is no longer whether to modernise but how to do it. Modernisation is crucial for reducing costs, enhancing security, and optimising outcomes. Rapid changes in the macroeconomic, business, and consumer environment further intensify this pressure and heighten customer expectations.
Opportunities and Challenges
Today’s organisations have numerous opportunities for growth and innovation, such as entering new markets, launching new products, or adopting new business models. However, many businesses still rely on disparate, outdated software systems that hinder visibility and efficiency. These legacy systems, built before the internet era, create data silos, making real-time data access and analysis challenging. Compliance with evolving regulations is also complex, and new competitors constantly emerge.
Achieving ambitious growth requires a unified cloud business system. A true cloud-based, mobile-enabled platform can replace antiquated systems, offering scalability and flexibility. With every upgrade, configurations and customisations migrate seamlessly. Real-time analytics built into the user interface aid decision-making and performance tracking.
The Cloud as the Standard
Businesses must now deliver outcomes more quickly with fewer resources. The cloud offers a tremendous opportunity, now seen as a necessity. Industry research highlights this shift:
- SaaS is the predominant deployment choice (Mint Jutras Survey).
- Cloud is the number one technology affecting IT today (Gartner).
- Cloud app spending is expected to reach $226.9 billion in 2022 (Forrester).
Companies with a cloud-first strategy benefit from delegating the entire solution’s SLA, reducing complexity, increasing reliability, and lowering costs. The cloud paradigm offers availability, speed, agility, and lower total cost of ownership.
True Cloud vs. Hosted Cloud vs. On-Premise
Understanding the difference between true cloud solutions and hosted or on-premise solutions is vital. True cloud solutions are built exclusively for the cloud, offering multi-tenancy, seamless upgrades, and real-time analytics. Hosted cloud solutions, often adapted from on-premise software, can lead to version lock, complex upgrades, and higher costs.
Benefits of Switching from Legacy Systems to NetSuite
Simplified Business Processes and IT
A true cloud platform offers several compelling reasons to move from older on-premise applications to modern cloud-based solutions, such as NetSuite:
- Consumer-like Experience: Users can quickly and easily use the solution, including on mobile devices.
- Global Access: The system can be accessed from anywhere, at any time, across multiple languages and time zones.
- Latest Features: All users benefit from the latest features and innovations, as everyone is on the same product version.
- Flexibility: Users can personalise, customise, develop, and integrate without worrying about upgrades.
- Partner Ecosystem: A vast ecosystem of partners and products is available to all customers, ensuring comprehensive support.
Case Study: Epec Engineered Technologies
Epec Engineered Technologies, a designer and manufacturer of custom electronics products, transitioned from an Epicor Vantage on-premise solution to NetSuite, addressing several key challenges:
- Remote Access: Improved overall productivity by enabling better employee remote access.
- Integration: Enhanced real-time data on order and production status across multiple manufacturing locations.
Solution: Epec chose NetSuite for its scalability and customisation capabilities, allowing unique workflows and comprehensive manufacturing management.
Success:
- Scalability: Expanded customer base to 5,000 globally, including major clients like Philips and Raytheon.
- Integration: Successfully onboarded 10 acquired companies.
- Flexibility: Supported remote work, enhancing productivity.
With NetSuite, Epec streamlined global electronics design and manufacturing, demonstrating how modern cloud solutions drive business growth and efficiency.
NetSuite’s true cloud solution offers increased agility, better integration of processes, improved visibility, and lower total cost of ownership, transforming businesses for the better.
If you’re ready to modernise and grow your business, contact us today to learn how NetSuite can help you achieve your goals!
