In this episode of “Growing EBITDA,” Mike McSweeney and James Bandy deliver a crucial Public Service Announcement (PSA) on the hidden costs of inadequate ERP systems and their impact on the bottom line.
With their signature blend of expert insights and dry humor, the hosts dive into how outdated or underperforming ERP systems can cripple operations, escalate costs, and even affect M&A valuations. They share real-world anecdotes on operational inefficiencies, costly supply chain issues, and the risks of financial mismanagement—all stemming from inadequate ERP investments. Plus, they discuss strategies to mitigate these risks and optimize ERP systems to support long-term growth.
Highlights:
• Introduction and PSA: Why inadequate ERPs are a silent drain on your bottom line
• Operational impacts: How ERP failures lead to overspending and inefficiencies
• Financial risks: Customer dissatisfaction, bad data, and inflated costs
• Supply chain disruption: Stockouts, excess inventory, and poor procurement practices
• M&A consequences: Lower valuations and deal-killing ERP risks
• Cybersecurity concerns: Legacy systems and threat vectors
• Scaling challenges: Why inadequate ERPs stifle growth and hinder integrations
• Data-driven decision-making: The importance of clean data for future growth
• ERP failure rates: Sobering stats and why boards hesitate to upgrade
