According to trends seen at Technology Evaluation Centers (TEC), companies of all sizes find buying and implementing an ERP system to be a complex endeavor. As ERP projects can be a costly venture (65% often go over budget), TEC found that up to half of implementations fail on the first try.
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For over 25 years, TEC’s experts have advised on best practices when implementing ERP systems, helping businesses avoid this grueling failure rate. TEC’s case studies are a great way to analyze the mistakes made by real companies, whereas their customer success stories show exactly what it takes for ERP success. TEC’s close relationship with clients and communities in the industry enabled them to create the insightful infographic below. Here’s what the team at TEC had to say:
“These are the trends we’ve seen from our interactions with businesses from a variety of industries, client projects, and surveys we’ve conducted with our user community.”
We encourage you to read the full article here for more information about avoiding ERP failures and to read lessons learned from past experiences.
Elizabeth Quirk
Liz is a leading enterprise technology writer covering Enterprise Resource Planning (ERP), Business Process Management (BPM) and Talent Management Suites (TMS) at Solutions Review. She writes to bridge the gap between consumer and technical expert to help readers understand what they're looking for. Liz attended Massachusetts College of Liberal Arts, where she obtained her Bachelor of Arts Degree in English and Communications. You can reach her at equirk@solutionsreview.com
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