Take the Going Beyond Legacy ERP Quiz!

Finance and accounting teams need to break free of their legacy ERP approaches of the past.

Finance and IT leaders agree legacy ERP systems aren’t flexible enough to meet the demands of today’s business environment. It is critical for businesses to move beyond ERP toward a next-generation ERP approach that enables adaptability. CFOs can increase finance agility by adopting a composable technology strategy that transforms their technology portfolio to be modular, flexible, and adaptive to business needs.

Take this Going Beyond Legacy ERP quiz and identify the issues that are most important to you. We’ll instantly deliver content to help meet the demands of today’s business environment!

1. Where are you in your next-generation ERP journey? We need to:

Retire multiple on-prem systems and centralize data Make ERP modernization a top technology priority among executives Prioritize our investments and adopt a composable strategy Improve reporting and deliver stronger business insights

2. What is your main goal in migrating to a next-generation ERP system? We want to:

Reduce the complexity of the tech stack Increase business agility Simplify and standardize processes Ensure a single, source of truth enterprise-wide

3. What’s your biggest ERP modernization challenge?

Providing process automation Unlocking data to make decisions quickly Orchestration across multiple stakeholders Delivering a consolidated data core that ties together finance, people, suppliers, and plans

4. Which best describes your current approach to your main corporate ERP system?

We are gradually rearchitecting, innovating module by module We are freezing ERP and innovating using outside platforms and apps We are keeping the lights on with incremental changes and ad hoc automation We are migrating to next-gen ERP, redesigning business processes

5. What business objective is most important to you when it comes to ERP modernization?

Standardization of processes Step-by-step modernization Agile and frictionless finance Business process simplification

6. Why is adopting a composable ERP strategy important to your business?

It will deliver standardization or compliance within Finance It will help us support new business and service models It will improve our resilience, adaptability, and readiness to change It will help enable a competitive advantage

7. What’s your biggest challenge when it comes to reconciling, formatting, and analyzing data?

Complying with statutory and regulatory reporting Slow and rigid finance processes Bringing data from multiple sources into a single source of truth Accelerating the close process

8. What would be the benefit of an adaptable architecture?

Shift from brittle integrations to built-in operability Turn siloed data into unified data Move from inelastic operations to elastic operations Go from reactive to proactive with regular security and compliance updates

9. When building a business case for ERP modernization, what is most important to your organization?

Resilience Cost reductions Value erosion and operational risks (aka the cost of doing nothing) Revenue generation

10. What are the likely consequences for your organization if you don’t move beyond legacy ERP and modernize?

We won’t be able to consolidate core financial, HR, order-to-cash, procurement, and operational solutions in a single ERP suite We won’t be able to innovate, and we’ll be left behind We won’t have configurable frameworks We won’t have real-time data visibility