Tennant Company (TNC) has disclosed a new risk, in the Technology category.
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Tennant Company faces a substantial risk in the design and implementation of their new Enterprise Resource Planning (ERP) system, which is crucial for modernizing their financial and operational infrastructure. The complexity and resource-intensive nature of this project may lead to significant capital and operating expenditures, disruptions in supply chains and customer experience, and potential inefficiencies in internal controls and reporting processes. Failure to effectively implement this system could adversely affect Tennant’s financial position, operational performance, and ability to meet customer demands, putting their growth strategy at risk. As they navigate these challenges, their management and staff may find their focus diverted from other critical corporate initiatives.
The average TNC stock price target is $125.00, implying 41.02% upside potential.
To learn more about Tennant Company’s risk factors, click here.