Study reveals the top reasons for switching ERP providers

LONDON, UK: NetSuite Inc., provider of cloud-based financials / ERP and omnichannel commerce software suites, today announced the top reasons businesses, in a recent survey conducted by YouGov, would replace their existing on-premise ERP systems.

According to the study:

36 percent want to reduce IT costs and maintenance

28 percent believe that superior or cheaper alternatives are available

25 percent want more flexible access to their business information, including via mobile devices

24 percent want to streamline and automate manual business processes

19 percent believe their on-premise solution is unable to handle its finances and scale with their company's growth

These reasons all point towards the need for a cloud-based ERP system that frees organisations from the challenges typically associated with on-premise systems such as costly software updates, a lack of mobility and disparate systems.

Despite this obvious need to move to the cloud, the research also revealed that almost half (44 per cent) of the respondents using Sage ERP don't believe Sage has a strategy to get them into the cloud.

"Using software that was originally developed before the Internet age is a sure way to stifle your growth ambitions. The reasons these companies give for moving away from their existing provider points straight towards the need for a cloud-based solution," said Pete Daffern, president of NetSuite EMEA & EVP of Verticals.

"Finance leaders need to break free of the constraints of their legacy applications to find new ways to drive efficiency and reliability, whilst scaling for growth," added Daffern.