DENVER, CO, February 22, 2013 (Press-News.org) Scope Overruns and Suboptimal Benefit Realization Continue to Plague ERP Implementations Yet Organizations Report High Levels of Satisfaction With ERP Software Choices
Although organizations continue to struggle with enterprise resource planning (ERP) implementation cost estimates, duration planning and benefits realization, a strong majority report satisfaction with their company's choice of ERP software, according to the 2013 ERP Report issued today by Panorama Consulting Solutions, an independent ERP consulting firm in Denver. Fifty-three-percent of ERP implementations exceeded their anticipated budget, 61-percent exceeded their anticipated timeline and the majority (60-percent) received 50-percent or less of the benefits they expected. Despite these results, a full 86-percent of respondents are satisfied with the system itself and 60-percent indicate their ERP project was a "success." Nearly seven out of ten respondents (69-percent) also indicate at least some level of satisfaction with their chosen ERP vendor.
"The leadership of most any organization implementing ERP software is sophisticated, savvy and aware of both the complexities of an ERP implementation and the benefits it should bring," said Eric Kimberling, managing partner of Panorama Consulting Solutions. "But the delta between actual ERP implementation results and the self-reported satisfaction levels indicates that companies are setting expectations of the business benefits they should achieve from an ERP system far too low and likely neither developing the performance measurement indicators they need to accurately determine ROI nor sharing those indicators with their employees."
Of important consideration is that the average duration of an ERP implementation has increased to 17.8 months, the highest level reported since 2009. More than one-quarter of respondents (27-percent) also indicated that their organizations have not recouped the costs of their ERP software implementation.
"ERP project fatigue can affect even the strongest teams," said Kimberling. "When durations stretch and scope increases, it can be tempting to stop working towards goals established in the beginning of the initiative or to change the definition of success as 'getting the system up and running.' Independent third-party consultants can provide invaluable assistance by properly planning the initiative, conducting audits and measuring results back to the business case to ensure that the ERP system provides maximized returns."
To offer further analysis of the study results, Kimberling will present a free webinar on Thursday, February 21 at 12 p.m. EST. Registration is open at http://panorama-consulting.com/resource-center/erp-webinars/.
About Panorama Consulting Solutions' 2012 ERP Report
Data for the 2013 ERP Report was collected by Panorama Consulting Solutions via online polling on its website. Information was collected from September 2012 to January 2013. The 172 participants represent organizations that have worked on ERP initiatives within the last year. The full report can be accessed at: http://panorama-consulting.com/resource-center/2013-erp-report/.
About Panorama Consulting Solutions
Headquartered in Denver, Panorama Consulting Solutions is an IT consulting firm specializing in the enterprise resource planning (ERP) market for mid- to large-sized organizations around the world. Independent of affiliation, Panorama facilitates the evaluation and selection of ERP software, manages ERP implementation, and expedites all related organizational change to ensure that each of its clients realize the full business benefits of their ERP systems. Panorama maintains a global presence with current and planned offices in Chicago, New York, Washington, D.C., San Francisco, London, Shanghai and Dubai.
More information can be found on its website, Panorama-Consulting.com and Twitter feed, Twitter.com/PanoramaERP.
For further information, please contact us at 720-515-1377 or pr@panorama-consulting.com.
Panorama Consulting Solutions Releases 2013 ERP Report
Panorama Consulting Solutions has published its 2013 ERP Report, which found that scope overruns and low benefit realization persist, yet organizations report high satisfaction with their ERP software.
2013-02-22
ELSE PRESS RELEASES FROM THIS DATE:
New Akron Ohio Gallery Throws Opening Party for Sand & Steel Exhibit
2013-02-22
Gallery 15 will host the opening reception for the Sand & Steel Exhibit on March 2, 2013, at 5:00pm to midnight.
Gallery 15 is proud and excited to display a selection of metal and glass work by Michael Marras & Lisa Demagall, two award-winning artists from Northeast Ohio. The opening will be part of the Akron Artwalk and take place at 15 Broad Street, Akron, Ohio 44305.
The opening event includes two floors of display, artists' talks, late night music, food & drinks. Both Marras and Demagall will collaborate on an impromptu creation; a one of a kind ...
Meant to be Seen (MTBS) Announces Winners of The Oculus Rift PhotoCrop Contest
2013-02-22
"After having time to look back through all the submissions. I can honestly say I was unable to find even a single pic that I didn't like. It really says a lot about the creative power and quality that can be harnessed through the MTBS community. What I have found is if you have a good idea, you can bring it here, and everyone will chip in to make it better." - Richard Lee, Grand Prize Winner
Founded in 2007, Meant to be Seen (mtbs3D.com) is the world's leading stereoscopic 3D and VR gaming community. In addition to being the consumer arm of The S-3D Gaming ...
Bassist Marcus Miller Joins August 3 Line-up at 2013 Newport Jazz Festival
2013-02-22
Marcus Miller, the stellar composer, producer and multi-instrumentalist best known as a bassist, has been added to the Saturday, August 3, line-up of the Newport Jazz Festival presented by Natixis Global Asset Management, which takes place August 2 - 4 at the International Tennis Hall of Fame and Fort Adams State Park. Miller, who by the age of 15 was already playing bass and writing songs for flutist Bobbi Humphrey and keyboardist Lonnie Liston Smith, is the personification of the Newport Festivals Foundation's mission of presenting the best of emerging and established ...
Environmental Hygienists Announce $99 Home Mold Inspection and Testing in Metro Phoenix and Tucson, Arizona
2013-02-22
Environmental and Industrial Hygienists Phillip and Divine Fry announce a special $99 public service through March 31, 2013, for the mold inspection and testing of each house, condominium, or apartment anywhere in metropolitan Phoenix, Scottsdale, Mesa, Tucson, and neighboring communities.
"Many residences in Maricopa, Pima, and Pinal Counties have serious but unknown toxic mold and mold VOCs (volatile organic compounds) infestations, especially inside heating/cooling equipment and ducts, evaporative coolers, attics, crawl spaces, bathrooms, kitchens, laundry rooms, ...
Little Texas to 'Kick A Little' on the Mill Town Music Hall Stage
2013-02-22
Serving as one of the host sites for the Smithsonian Institute's "New Harmonies" exhibit, this Mill Town Music Hall concert is part of the celebration. New Harmonies is a traveling exhibition that shares America's story by examining the roots of American music.
Little Texas is celebrating its 25th anniversary this year. Driven to succeed in the country music industry, a group of guys assembled in Nashville in 1988 to form Little Texas. The group scored big with a top 10 hit of their first radio release of "Some Guys Have All the Love" as well as ...
After a 20-Year Battle, Urban Dance History is Finally Validated for the First Time in Oakland
2013-02-22
This event (March 9, 2013) is the first time that a museum will recognize this previously unacknowledged part of American history as documented by Thomas Guzman-Sanchez. It will include historical artifacts from Chain Reaction and other legendary OG (original generation) street dance groups that are responsible for the worldwide phenomenon commonly yet incorrectly referred to as "Hip Hop dance." African American Museum and Library at Oakland Chief curator Rick Moss will be presenting the new exhibit that credits Oakland as a birthplace of one of the many key parts ...
Ruprecht Company Balances Growth and Production with Vicinity Manufacturing
2013-02-22
Vicinity Manufacturing is pleased to announce that Ruprecht Company has selected Vicinity 4.0 to streamline daily operations at its Illinois-based headquarters.
Although Ruprecht Company holds the title of the "oldest beef processor in the Chicago area," they have never been out of date. The Ruprecht Company continually strives to stay ahead of the market by fiercely investing in new innovative growth opportunities. Ruprecht has continued to focus on development and building a better business with their recent selection of Vicinity. Just last year, Ruprecht ...
PacNet Services to Share International Payment Processing Expertise at TFM&A 2013
2013-02-22
TFM&A offers over one hundred free seminar sessions across nine theatres offering practical, tried-and-tested approaches from leading brands. PacNet Services, an anchor company in the IDMX section of TFM&A, has been confirmed to present a session on international payment strategy for a direct marketing audience.
Brian Weekes, career banking expert and VP of Business Development, Europe, for PacNet Services, will deliver a seminar entitled "How to build an international payment system that enhances your response channels". The seminar, scheduled for ...
Southern Self Storage iPad Mini Giveaway Sweepstakes
2013-02-22
Southern Self Storage is doing it again! Back by popular demand, the company is hosting its second social media contest using Facebook. This time, Southern will be giving away a brand new Apple iPad Mini. The contest which starts on Monday, February 25th will run for six weeks, ending on Sunday, April 7th at midnight. To enter, contestants are urged to visit the website http://www.southernselfstorage.com where they can access the link directly to the Facebook contest. Those who are not yet fans of the page will be asked to "like" the Southern Self Storage page ...
New Homes Sales Are Easy at O'Dwyer Homes
2013-02-22
As one of Atlanta's premier, award-winning new home builders, O'Dwyer Homes delivers the top-quality construction, energy efficiency and creative design that buyers in today's market demand. With extensive team support from the top down, new home sales are easy at O'Dwyer Homes.
It's Easy because O'Dwyer Homes works hard to close a sale by providing exceptional sales support from initial client contact to the closing table and a top quality product. They have more than 25 years new home experience with an extensive team support with flexible preferred lenders. And, ...
LAST 30 PRESS RELEASES:
A new approach to chiral α-amino acid synthesis - photo-driven nitrogen heterocyclic carbene catalyzed highly enantioselective radical α-amino esterification
Physics-defying discovery sheds new light on how cells move
Institute for Data Science in Oncology announces new focus-area lead for advancing data science to reduce public cancer burden
Mapping the urban breath
Waste neem seeds become high-performance heat batteries for clean energy storage
Scientists map the “physical genome” of biochar to guide next generation carbon materials
Mobile ‘endoscopy on wheels’ brings lifesaving GI care to rural South Africa
Taming tumor chaos: Brown University Health researchers uncover key to improving glioblastoma treatment
Researchers enable microorganisms to build molecules with light
Laws to keep guns away from distressed individuals reduce suicides
Study shows how local business benefits from city services
RNA therapy may be a solution for infant hydrocephalus
Global Virus Network statement on Nipah virus outbreak
A new molecular atlas of tau enables precision diagnostics and drug targeting across neurodegenerative diseases
Trends in US live births by race and ethnicity, 2016-2024
Sex and all-cause mortality in the US, 1999 to 2019
Nasal vaccine combats bird flu infection in rodents
Sepsis study IDs simple ways to save lives in Africa
“Go Red. Shop with Heart.” to save women’s lives and support heart health this February
Korea University College of Medicine successfully concludes the 2025 Lee Jong-Wook Fellowship on Infectious Disease Specialists Program
Girls are happiest at school – for good reasons
Researchers from the University of Maryland School of Medicine discover genetic ancestry is a critical component of assessing head and neck cancerous tumors
Can desert sand be used to build houses and roads?
New species of ladybird beetle discovered on Kyushu University campus
Study identifies alternate path for inflammation that could improve RA treatment
MANA scientists enable near-frictionless motion of pico- to nanoliter droplets with liquid-repellent particle coating
Chung-Ang University scientists generate electricity using Tesla turbine-inspired structure
Overcoming the solubility crisis: a solvent-free method to enhance drug bioavailability
Baby dinosaurs a common prey for Late Jurassic predators
Land-intensive carbon removal requires better siting to protect biodiversity
[Press-News.org] Panorama Consulting Solutions Releases 2013 ERP ReportPanorama Consulting Solutions has published its 2013 ERP Report, which found that scope overruns and low benefit realization persist, yet organizations report high satisfaction with their ERP software.