An ERP software system is often one of the most important investments a company will make. Not only is it an important financial decision, but it is also a practical decision that can affect all areas of an organization, such as accounting, human resources, logistics and production, marketing and sales, etc. Before selecting the new system, buyers should research the solutions currently available and the ERP trends that exist.
Advanced Technologies
In today's market, not only is the phenomenon of market consolidation in full force, requiring fast turnarounds and quick data-driven decisions, but disruption abounds, some clients tried to navigate these challenges using business intelligence and reporting tools last year. But he also noted that many are eager to try more advanced solutions. As interest from ERP buyers grows, we are likely to see an increase in these new technologies.
Digital Transformation and E-Commerce.
Recent events in the world such as the pandemic or the war in Ukraine have shaken the world in more ways than one, including the rise of e-commerce, digital transformations and remote working. There will be a massive shift in the way we work and shop, as well as, companies will look to reduce dependencies on specific countries and geographies to reduce supply chain risk due to geopolitical tensions.
Cloud deployment
In 2020, we saw a lot of movement to the cloud across all software categories. But the shift from ERP to the cloud is intriguing for small and midsize businesses. ERP has really lagged behind a lot of other functionality like CRM and HR in terms of cloud adoption, it's definitely becoming the norm for new implementations. SMBs are increasingly selecting cloud-only or hybrid ERP. The original cloud value proposition of a "faster, cheaper and easier" way to automate and integrate operations still resonates, but SMBs increasingly see cloud ERP as their pathway to new technologies.
The use of the Internet of Things (IoT)
Also known as direct machine integration within a logistics or production company, it refers to the connectivity between computers and other devices. IoT provides improved asset management, increased efficiency, better forecasting, real-time business information, enhanced communication, improved business intelligence and more.
Customizations
In the future, ERP users will look for solutions that are tailored specifically to their industry so they can avoid customization and ensure they stay current, rather than modifications, manufacturers will customize their solutions and look to extend their solutions to meet needs without altering the code. Essentially, buyers realize the benefits of ceding control of their systems, configurability may not give a company total control over all facets of their software, but this feature can provide companies with a specialized solution with minimal effort. Again, this will greatly reduce the need for extensive IT teams dedicated solely to managing an ERP solution.
The two-layer ERP
It is a concept in which small and medium-sized companies run two merged solutions simultaneously. It is also accessible to companies that have multiple locations or subsidiaries. This type of system is on the rise because we see an increase in companies looking for these systems. This is related to cloud computing and, in general, makes ERP systems more accessible to all companies. Due to an increase in digital transformation and e-commerce, today's businesses require mobility.
Artificial intelligence
AI is making great strides in everyday technologies like Alexa, Siri, Spotify, Apple, AWS and more with voice activation and providing movie/TV show recommendations based on what the end user wants. If AI can improve our leisure and personal time, it should easily merge with ERP programs to automate business protocols.
Mobility
With everyone on their smartphones, tablets and other devices, mobile ERP is becoming a giant in the industry, in a centralized ERP, they can be seen by sales, purchasing, quality and senior management in all other locations globally. Mobile ERP connects all people and activities in an organization, regardless of their physical location. The mobile interface simplifies the interaction they need to understand just a few scenarios and how to navigate through exceptions.
Some final considerations
To carry out a successful implementation, it is mandatory that buyers conduct thorough research on the current ERP market. You must understand which products fit your company's size, industry and functionality requirements. The solution should also help your business meet challenges in future times. Once you know what options are available, it's time to compare ERP solutions in the most comprehensive way.
Comments