CIOs face a dual challenge of optimizing existing environments and working with business leaders to deliver innovation. As the cost of operating an ERP system consumes vital resources and budget, IT leaders must formulate apps strategies to rein in costs, integrate internal and external systems, and accelerate innovation and business value.
This report outlines optimization strategies that IT leaders should consider in their overall apps strategy, focusing on an effective and growing option known as third party maintenance (3PM). Third party maintenance (3PM) allows organizations to receive maintenance, tax updates, and regulatory changes with savings of at least 50 percent of existing vendor maintenance prices. Organizations on both newer and older releases with a stable applications core typically consider this option for both the short term and long term cost savings.
Successful implementation of optimization strategies including 3PM will free up funds for innovation projects and improve the business and IT relationship. As organizations apply their four paths to ERP in their apps strategies, the same techniques can apply to other application areas including CRM and supply chain management.