By Alan Joch
RCD Espanyol’s adoption of Oracle Enterprise Resource Planning Cloud isn’t unique among businesses that are planning to scale their companies for anticipated growth. 76% of finance professionals say their organizations are already running ERP in the cloud or plan to do so within the next two years, according to a recent survey by Oracle entitled “The End of Obsolescence: ERP Trends in 2018.”
Of those with existing cloud ERP implementations, an overwhelming majority of finance leaders—81%—say the biggest benefit they’re seeing is the ability to “stay current on technology.” The ability to continuously capitalize on new technology is a key requirement for helping growing companies stay competitive.
The move to cloud ERP has taught RCD Espanyol CFO Joan Fitó another valuable lesson about how to successfully scale a business for ongoing success. It’s important to think not just about acquiring additional resources to support anticipated demands. The cloud enables companies to right-size their operations in an economical way to avoid spending for capabilities that won’t immediately add value.
“When implementing an ERP system, explore all the functionality it offers and then choose only what you need now,” Fitó says. “Then, schedule the adoption of other capabilities as they become important in the future.”
|Headquarters: Barcelona, Spain
Industry: Sports and entertainment
Revenue: US$85 million in 2017
Oracle products: Oracle ERP Cloud, Oracle Financials Cloud
Length of tenure: Two years
Photography by Siqui Sanchez/The Verbatim Agency and Shutterstock