Today, the ERP or an Enterprise Resource Planning system is no longer a hyped concept. Rather, it has become a reality and is here to stay for long. When you are aware if the emerging trends in ERP, you get a chance to understand what should be done in your enterprise so that the ERP implementation can give you the desired outcomes. Here are the top emerging trends in Enterprise Resource Planning.
Today, many organizations prefer that an ERP system should be delivered on the Cloud. This is because giving an ERP on the Cloud offers a host of benefits to the companies including saving storage solace and no risk of precious business data getting lost.
2. Mobile ERP
The immense popularity of mobile devices has led to many organizations willing to invest in those ERP solutions that can be easily accessed from different types of mobile devices such as smartphones and tablets.
3. Focus is now more to get profit from the installed ERP
The success of ERP, in General, is hardly debatable these days. But gone are the days when many businesses just implemented them blindly. Companies today gave become extremely conscious about their Return in Investment from it.
4. Large companies are acquiring smaller businesses
There has been an increasing trend on bigger companies acquiring of merging with the smaller startup businesses. Whole there are several new players operating in the market, the big players are becoming more prominent.
5. Integration architecture is better
As the number of specialized ERP software has increased, there has been a shift in the focus of ERP consultants towards offering superior integration architecture to get more competent ERP systems.
6. ERP with specialized business intelligence is in demand
An increasing number of organizations want to focus on making more advanced forecasting and predictions by deploying an ERP system that features specialized business intelligence by doing so, there can be marked improvement in the decision-making processes, especially when the right ERP solution is in place.
7. Tiered ERP systems are emerging in a big way
Bigger companies have been focusing towards creating 2-tiered Enterprise Resource Planning solutions. While the lower tier is supposed to work for the various subsidiaries, the top tier is meant to work for a company’s headquarter.
8. Customer Relationship Management is getting greater prominence
Due to the high level of recession, a number of consumer-based businesses have demonstrated dismal performances. This has also led to the realization within these businesses how important their customer data is. Thus, a majority of purchases for the ERP systems have been a Customer Relationship Management solution.