ERP systems have several versions of their systems, which are updated from time to time.

timeframes for implementing new features, such as removing functionalities.

outdated, in addition to fixing bugs and threats that cause vulnerabilities in

Security of stored and shared information.

When an ERP system is not updated regularly, it loses the functionality for which it was developed, mainly because it becomes less efficient compared to its initial design.

In this text we will explain the importance of having an up-to-date business management system and how this can make your company more modern and competitive.

According to research conducted by Forrester, about half of ERP customers use systems that are two versions behind—and may be more than four years out of date.

The importance of having the most up-to-date ERP system:

We understand the great importance of having an ERP system to aid in business management, and having the most up-to-date version of your ERP is fundamental to ensuring that your company:

Always get the best possible experience with new features and system improvements.
The version should be up-to-date with other systems that may be connected.
Stay up-to-date on global changes, such as tax laws or business regulations.

But then why don't many companies update their ERP versions?

The two main reasons why companies don't update their locally implemented ERP systems are: updates involve high investments and can even lead to business interruptions.

The high costs involved in upgrading ERP systems are generally related to the need to allocate highly specialized IT teams, payments for new licenses, implementation, and/or upgrades.

However, situations that lead to business interruptions include complications in integrating with other systems and maintaining customizations made in previous versions.

According to the Aberdeen Group, a research company, almost half of the organizations analyzed during a survey conducted in early 2021 cited the fear of business disruption as the main reason for avoiding updating their current enterprise management system.

“Interrupting business operations to obtain the new software version is too high a price to pay; it’s a huge risk to the business that we can’t even calculate the value of,” mentioned the business owners interviewed during the survey.

But the question remains: is there a way to have an up-to-date ERP system without experiencing the dreaded system downtime and the need for high investments?

Oracle NetSuite and the benefits of built-in upgrades

Unlike other business market systems, the Oracle NetSuite fIt was conceived from the outset as a cloud-based ERP system — designed to easily manage businesses.

Othe benefits of a system 100% cloud-based There are many, but when we think about system updates, we know they are quick, regular, and efficient because they were incorporated into the system's original design.

Oracle NetSuite updates are designed to prevent any disruption to our customers' businesses and eliminate the unpredictable and high costs involved.

All Oracle NetSuite updates are announced in advance by the manufacturer, automated, and performed twice a year, meaning the end user is not negatively impacted by the updates.

The announcement about the updates, sent to all customers, details all the new features that will be available, so that customers can plan to take advantage of them exactly when they become available.

With Oracle NetSuite Your customers have instant access to all the new functionalities dThe system, with no extra cost involved.

Furthermore, Oracle NetSuite guarantees that updates will incorporate all upgrades made to any customizations.

Furthermore, to ensure security in all operations, Oracle NetSuite offers a guarantee that updates will be supported for integration with other systems, should they be necessary.

We know that Oracle NetSuite is a UNIQUE solution — each of the more than 40 customers is working on the same version at any time and place in the world.

With Oracle NetSuite, no specialized technical teams or hardware changes are required for system upgrades, thus eliminating extra costs.

The solution in Oracle NetSuite cloud It also offers other associated benefits: available anywhere, anytime, supports over 190 currencies in more than 200 countries, lower infrastructure costs – both for technical staff and hardware, user-based pricing, especially effective for those whose resources may fluctuate, and access to world-class infrastructure and security.