A few years ago, companies thought and decided to acquire an ERP as part of their assets, making the process simple and just focusing on the best cost and some additional product functionalities. Eventually, the issues to consider are becoming increasingly wider when organizations consider emerging technology trends and customer demands and specific functional competitive advantages.
Today, there is no one-size-fits-all approach when it comes to an application solution like
ERPs. Today's solutions have a diversity of different components, each with a particular set of capabilities, strengths, and why not... areas of opportunity. Choosing the right vendor and solution is a process that requires a deep analysis, research, commitment, and often comes down to more than just the solution and its technical capabilities. Emerging technological capabilities such as automation, augmented reality, and artificial intelligence and machine learning are set to take the ERP industry by storm in the coming years.
Cloud computing will continue to revolutionize the way these systems are used, accessed, and safeguarded. According to some trends, technology and ERP services providers will see new expenditures driven by increased adoption from mid-sized organizations, particularly software as a service (SaaS).
Predictive tools available in an ERP solution are already being used to make more intelligent business decisions based on business symptoms, but with the addition of AI, this technology will have a significant impact on how industries can use their ERP portfolio. AI will help manufacturing, retail, and other industries to optimize inventory and better track supply and demand. While robotic process automation is also set to transform warehouses, business software with analytical and artificial intelligence capabilities is the first step towards creating an automated supply chain that many executives envision for this decade.
Ease of use and user complexity are two important considerations for buyers in the current space. Product support capabilities and services offered are also key attributes that require some reflection. Common support packages include assistance for non-technical users who require self-service, as well as implementation assistance, trainers, dedicated use case representatives, and user training modules that can be very useful.
The ERP application market is mature and is full of excellent software tools for a variety of use cases, verticals, implementation methods, and budgets. There are very large providers, such as Microsoft, SAP, and Oracle. There are also lesser-known innovators with interesting products that play in niche areas, such as EPICOR and QAD Software.
ERP systems are enterprise management platforms that organizations of all sizes use to collect, store, manage, and communicate data across all business functions.
By integrating the information from all functional areas of a company into a complete business system, ERP solutions allow data to be shared between departments in real-time to streamline processes and automate tasks, making it easier to make informed business decisions.
At IBC, we have effective methods to perform a specific and unique evaluation of your organization, as well as a deployment method that is in line with operational capabilities and providing value from the outset, regardless of whether you are local, regional, or global; give us the opportunity to provide you with the best scenario and best conditions.
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