5 Lesser-Known ERP Myths That Could Harm Your Business!

This comprehensive guide outlines and refutes five lesser-known myths and misconceptions about ERP for mid-sized businesses.
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Discern Facts From Fiction

Unearth the less-talked about ERP myths as we unravel the misconceptions and debunk them for your convenience.

Ask The Right Questions

Learn about relevant questions to ask your ERP vendor when you seek a scalable ERP solution.

Follow The Best Practices

Get insights into some of our expert tips and best practices to efficiently implement and manage your ERP.

Manage your ERP with confidence

Optimize and take complete control of your ERP— leverage the insights we provide you to make the right decisions.

Get Bragging Rights As An ERP Expert!

Very few finance professionals are aware of the true limitations and misconceptions around ERP. Take this quiz and check out your score to claim your rightful title of ‘ERP expert’.
1

Assess your ERP knowledge by selecting the ‘myth’ or ‘truth’ option!

Maintenance and upgrade cost for ERP is negligible post the implementation.
Myth Fact
#MYTH
Myth or Fact
All ERPs can adapt to growing business requirements.
Myth Fact
#MYTH
Myth or Fact
On-premise ERPs are more customizable than cloud solutions.
Myth Fact
#MYTH
Myth or Fact
ERPs can take care of all receivables and collection needs.
Myth Fact
#MYTH
Myth or Fact
A single ERP solution can be implemented across an entire company
Myth Fact
#MYTH
Myth or Fact
With out-of-the-box ERPs, businesses do not have to spend money on customization.
Myth Fact
#MYTH
Myth or Fact
2

Check Out Your Score Here!

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Maximize your working capital, achieve high ROI gains, and enable hard cost savings by putting your Order-to-Cash on auto-pilot with RadiusOne AR Suite.
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Frequently Ask Questions

Why do I need to know about the ERP myths?

If you are planning to implement an ERP or already have an ERP, you are probably being bombarded with suggestions on different ERPs and upgrades. As you weigh your options, you need to be aware of all the aspects of your ERP to make the right decision. This guide debunks some of the lesser known myths to help you make the right choices.

How will this guide help me?

When it comes to running a successful business, ERP causes a lot of disruption. While ERPs have been around for a long time, there continue to be misconceptions around the concept, infrastructure, and implementation of ERPs.

Most CFOs, unaware of these uncommon myths, make wrong decisions that hurt the company’s financial condition.

Keeping this in mind, we have identified some lesser-known myths that could potentially hurt a company and busted them for your convenience.