Forterro study highlights a strong preference for cloud ERP, with 72% of UK manufacturers preferring cloud-based solutions in future
London, UK, 24 October 2024 - New research has shown the potential cost of ERP downtime, with the average UK midmarket manufacturer expecting to lose £41,888.30 in a single day of ERP outage.
The study from European software provider Forterro also revealed that more than half (53%) of respondents foresee staff downtime if their ERP system goes down for the day, while 38% anticipate reputational damage.
The strategic importance of ERP was illustrated by almost three-quarters (72%) of UK manufacturers preferring cloud-based or hybrid ERP systems for the future, driven by the growing demand for scalability, high availability, and robust data security.
...
