Companies heavily rely on their enterprise resource planning (ERP) systems to manage their finances and business operations, although management typically takes a hands-off approach as long as the system is working. But for those who are still depending on legacy ERP, the “if it isn’t broken, don’t fix it” approach may not cut it for much longer.

With Oracle’s significant investment in both its Oracle Fusion Cloud Applications Suite and Apps Unlimited program, the company is now able to provide its clients with two viable and flexible options to support their evolving business needs without a firm product end-of-life date. But by moving to Oracle Cloud—a modern, secured, cloud-based ERP—in a way that minimizes risks and costs, cloud adopters can quickly expand their benefits: automation and analytics.

Companies should start their transition planning now. And there are good reasons to do so. Transitioning to a modern, cloud-based ERP that adapts to your changing needs can improve your business performance and give your team the ERP experience they deserve.

Time is of the essence. Although companies can be reluctant to take on such a major project, deferring a move to the cloud will have consequences. If they sit on the sidelines, their existing ERP becomes a stranded asset, receiving only mandatory updates from the vendor. They’ll be forced to work around their core systems or to custom-develop their capabilities to meet business needs—only to end up throwing away those investments when they’re left with no choice but to move to the cloud. To make things worse, poorly managed cloud migrations can take years to complete and be fraught with cost overruns, causing opportunities to “do things differently this time” to be missed. And, of course, these all contribute to a negative employee experience.

We think there’s a better way. As one of Oracle’s leading global systems integrators for cloud application services, Deloitte can show you how to free up your team’s capacity, support your team’s growth, design a new solution, execute a high-impact plan for your cloud transition, provide a sustainment model to reduce costs and increase adaptability and preserve the investment value of your ERP platform over the long term.