In recent years, CEOs and CFOs are being held to greater account for the financial, operating, and brand damage that is being delivered by poorly executed ERP replacement initiatives.
In 2016, the CEO of Israel Chemical Limited (ICL) resigned in part due to the cost overruns associated with the company’s SAP deployment. And the CEOs at Sleep Number and Hertz have had to personally step in to address flawed ERP and digital transformation initiatives. There have also been multiple class-action shareholder lawsuits against at least 7 past CEOs and CFOs of Revlon due to the material accounting practice weaknesses identified as a result of their SAP implementation.
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Source: News