ERP Implementation Failures: How to avoid

The worldwide enterprise resource planning (ERP) software market grew 8% to a market value of $44 billion in total software revenue. SAP, Workday, Oracle, UKG and Sage hold the top five global market share positions.

The ERP Software Market size is expected to be worth around US$ 136.1 Billion by 2032. It was approx. US$ 51.4 Billion in 2022 and is growing in 2023.

But how is this market growing? You must be thinking, isn’t that obvious…..

Organisations are buying and implementing ERP solutions.

ERP implementation is a major undertaking for any organisation. Because it impacts all the core functions of any organisation like finance, procurement, order management, warehouse, inventory and so forth.

Not all projects and programs succeed. It’s part and parcel of any undertaking.

Gartner reported in JAN 2023 states that

YES YES YES, you read it correct 75% of ERP implementations fail. What does this mean? In simple terms, that organisations are trying to imlement ERP and at the end they either leave it or are not getting the ROI. This also means, that they are not using this new capability to its full potential.

This is NOT good news!!!!! Organisations are losing money and ending up with even worse solutions some cases. Let’s look at the reasons,

Research below is by Rimini Street in 2022 concluded that “Difficulties meeting everyone’s needs…