Over 80% of Romanian companies are lagging behind in the digitalization of business processes: Horváth & Partners
Over 80% of Romanian companies use outdated and insufficiently digitized Enterprise Resource Planning (ERP) systems, according to a Horváth & Partners analysis. To be competitive, companies need modern ERP platforms, which once implemented reduce operating costs and the average time allocated to various activities by up to 30%, and profitability increases, on average, by 20%.
According to Horváth & Partners, it is necessary for Romania to give more importance to the digitalization of process management in companies, primarily because of the current context influenced by the pandemic, but also because Romania has a significant gap to recover from the rest of the European Union. The Digital Economy and Society Index (DESI), which annually measures the evolution of EU member states in terms of digital skills, ranked Romania 26th out of 28 in 2020.
“The need for initiatives to digitize, automate, simplify and streamline business processes is now increasingly acute. Optimized business processes are the foundation of any successful organization, and their proper management is done through an enterprise resource planning platform or, in short, ERP. An ERP system has the role of integrating all the information related to the operation of a company in a single digital platform. Therefore, an outdated ERP platform also brings with it business profitability problems, is difficult to use and puts major pressure on employees in the operations, finance and IT departments. The current economic context, full of challenges, must be an alarm signal for all companies that have not modernized or changed their outdated ERP systems and that could now suffer even more,” said Maria Boldor, Head for business transformation projects within Horváth & Partners Romania.