Most businesses use Enterprise Resource Planning (ERP) Solution to glue all the computer systems together. Be it for estimating, finance, human resources, sales, marketing, automation or purchasing. Businesses can’t imagine their day-to-day tasks with ERP solutions.
First, they have to narrow down the repetitive processes in each department…
And second, they have to deal with the mundane tasks smartly…
It’s also the reason why the global cloud ERP market surges up at a massive 13% yearly rate.
The global cloud market might even somersault 40 billion USD in 2025 alone.
More adoption = more trends
The continuous dependence on ERP software and its widespread adoption would only mean we need more evolved systems. Plus, the technology is constantly evolving, so you expect ERP software to incorporate those newly discovered technologies.
2021 has been a good year because the major ERP trends broke out.
The global pandemic has pushed the need to bind the systems with ERP software more than ever (also because of the distributed workforce).
What are the top ERP trends in 2021?
Check out the ERP hotcakes this year.
#1 Businesses are adopting cloud ERP
On-premises ERP applications are things of the past.
Many organizations have their hearts attached to them, but their reluctance won’t do any good to their business.
Cloud ERP makes everything so smooth, and moreover, there are many additional benefits that come with it.
It reduces the environmental impact, simplifies infrastructure for easy scalability, takes you on mobile, globally, makes collaboration super-easy, keeps you up with the pace of technology, gives you world-class security, offers unmatched freedom of choice, helps with solid strategic growth, saves you loads of money, promotes elastic use (use the necessary resource only) and lets you add users and functions.
#2 Two-tier ERP system is the new cool
Many businesses have tried to work around a single ERP system for headquarters and subsidiaries.
Truth be told!
They just don’t work.
They are very expensive, leave daunting implementation experience, are unfulfilling when it comes to specialized requirements, and are forced down as a one-size-fits-all approach.
The 2-tier ERP system covers up all the issues with the 1-tier architecture.
While tier-1 runs standard organizational processes such as financials — the 2-tier system is allotted to subsidiaries and divisions.
Advantages of two-tier ERP system
● Can be integrated in half the time as compared with 1-tier ERP systems
● Can create a seamless integration between back-office functions
● You can customize it for your flexible needs
● Saves time and money as it’s the highly co-efficient solution
● Less complex and perfectly suitable for any requirement
#3 Digital transformation is getting massive
The evolution of ERP systems is impossible without digital transformation.
And the only way to transform ERP systems into more efficient systems is to deploy efficient digital technologies.
They not only enhance the business functions but also boost revenue, give a competitive edge over others, shoot up employee efficiency, and improve customer service.
Here are some technologies that may bring radical changes in the ERP systems:
● Artificial intelligence
● Predictive analysis
● Advanced analytics
These technologies are the highway to modernization, with milestone signs just around the corner.
#4 Personalization at rich level
Businesses have struggled to customize ERP platforms so far.
But that doesn’t mean they’ll continue to struggle.
These platforms may have intricate scripting languages that are hard to personalize, but the tides are changing their course.
Modern ERP systems are easy to configure, need low coding and custom-tailored for particular needs.
Since you want to deliver personalized experiences to your customers, the experience you gain working with the ERP systems must be personalized too.
What you experience is what you pass on to your customers.
The modern ERP trend goes with customizable dashboards.
You can automate, extract and organize data and make meaningful moves for your business.
Thankfully, ERP software has gotten so personalized that you can make efficient and flexible decisions for your organization.
What’s next for the ERP systems?
The businesses that shifted to cloud ERP will continue to expand their use as they find themselves more efficient and productive on the horizon.
ERP systems are under such seismic changes that they promise to fix the supply chain disruptions and expand their capabilities in keeping up with the rapid changes.
You may also like: ERP integration: An Overview for B2B eCommerce Businesses
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