Enterprise Resource Planning (ERP) isn’t a hyped concept anymore. It’s reality, and it’s here to stay. Knowing the emerging trends in ERP provides the opportunity to understand what one should do in their enterprise to achieve the desired results from an ERP implementation. So, what are the top 10 emerging trends in ERP?
#1 CRM is at the top
With various consumer based companies performing poorly due to the escalating recession, companies have realized the importance of using customer data to their advantage. Hence the leading purchases in ERP tend to be for a CRM system.
#2 Need based ERP purchases
One aspect of ERP which stymied its usage in SMBs was that small organizations required only some of the functionalities offered by a full-fledged ERP software. Except the core functions, others remained idle, which reduced the overall productivity of the purchase. The current trend is need based sales of the ERP software.
#3 Increasing focus on business intelligence ERP
Companies are focusing on making better predictions by using a ERP software with specialized business intelligence. Decision making processes has markedly improved if the right ERP system is in place.
#4 Increased need for specialized ERP services
When ERP software was introduced, vendors were concentrating almost entirely on making specialized systems. However, as time went on, they started favoring generic ERP systems. It appears that the clock has turned back as specialized ERP software is being favored by organization nowadays.
#5. Better Integration architecture
Due to the increase in specialized ERP software, the focus of the ERP consultants has shifted more towards providing better integration architecture for competent ERP solutions.
#6 Big companies acquiring smaller startups
The big players are either merging with or acquiring bigger companies. There are of course newer players in the market, but the big fishes seem to be becoming more and more dominant.
#7 Rising importance of ERP on Cloud
Enterprises prefer ERP delivered as SaaS. Ramco’s ERP on Cloud is a prime example of such a service.
#8 More focus on profit from ERP
While ERP has been in general successful, companies aren’t blindly implementing them anymore. They have become very sensitive to the ROI.
Check Out: 10 Key Benefits Of Using ERP Software
#9 Mobile ERP
Companies are investing on ERP solutions accessible from mobile devices like tablets and smartphones.
#10 Emergence of tiered ERP systems
Larger enterprises are focusing towards making two-tiered ERPs, with the top tier working for the headquarters and the lower tier for the subsidiaries.
The ERP landscape is undergoing a significant transformation as businesses move towards more flexible and scalable Cloud ERP solutions. Traditional ERP systems often required extensive infrastructure and on-premise deployment, limiting agility and increasing costs. However, the rise of ERP solutions powered by cloud technology has redefined how enterprises manage their operations efficiently.
Why Businesses Are Adopting Cloud ERP Solutions
- Scalability & Flexibility
Cloud-based ERP solutions allow businesses to scale their operations effortlessly. Unlike traditional ERP systems, cloud deployments enable seamless expansion without the need for heavy IT investments.
- Cost-Effective Implementation
Adopting Cloud ERP solutions eliminates the need for expensive hardware and maintenance costs associated with on-premise ERP systems. Companies can now opt for a subscription-based model, reducing upfront expenses.
- Enhanced Security & Compliance
Leading ERP solutions offer advanced security protocols, ensuring data protection and regulatory compliance. Cloud-based ERP systems provide real-time security updates, reducing risks associated with cyber threats.
- Real-Time Data & Accessibility
A major advantage of Cloud ERP solutions is their ability to provide real-time data insights from anywhere. Employees can access the ERP system via any internet-connected device, enhancing productivity and decision-making.
- Seamless Integration & Customization
Modern ERP systems are designed to integrate with various business applications, streamlining workflows across departments. Cloud ERP solutions offer customization features that align with industry-specific needs, improving operational efficiency.
