01.Legal Requirements

Certain industries and countries have regulations that require the retention of business data for a specific period.

02.Historical Analysis

Data from legacy ERP systems can be valuable for historical analysis and trends.

03.Evidence in Legal Disputes

In legal disputes or audits, old data can serve as evidence.

04.Compliance Requirements

Certain industries and organizations must adhere to compliance regulations that necessitate data retention.

05.Contract Fulfillment

Information about past transactions and contracts may be needed to fulfill obligations.

06.Taxation Reasons

Financial data may need to be retained for a longer period to comply with tax regulations.

07.Audits

Internal and external audits require access to historical data.

08.Knowledge Preservation

Experience and knowledge from the past may be stored in old ERP data.

09.Research and Development

Historical data can be useful for future development projects.

10.Historical Transactions

Customer inquiries about previous transactions require access to legacy data.

11.Sales Analysis

Legacy sales data can provide insights into sales trends and customer behavior.

12.Product Lifecycle

Information about old products and their performance is crucial for strategic decisions.

13.Benchmarking

Comparisons with past business performance can help evaluate current performance.

14.Customer Relationships

Information about past interactions with customers can be helpful in maintaining customer relationships.

15.Training and Development

Historical data can be used for training new employees.

16.Compliance Audits

Regulatory authorities may require access to old data.

17.Troubleshooting

Legacy data can be useful in troubleshooting and assessing problems.

18.Business History

Business continuity requires the retention of business history and processes.

19.Decision-Making

Historical data can support strategic decision-making and planning.

20.Competitive Advantage

Comprehensive knowledge of your own history and business processes can provide a competitive advantage.

Reference link: https://avendata.com/blog/20-reasons-why-legacy-erp-systems-must-be-archived-and-data-should-not-be-deleted