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Wednesday, April 11, 2018

The ERP industry is in a constant flux, always striving to adapt to the needs of its users. Vendors are ever ready to innovate, tweak and refine their systems and solutions to meet the changing customer requirements. But, to get the best out of your vendor, it is essential to stay abreast of the latest happenings and emerging trends in ERP. Here’s a look at the top ERP trends that can help you take the lead.

  • Trend #1: SaaS based applications
  • Traditionally, ERP applications are stored on servers, leading to upfront cost in procurement of hardware, and additional costs like maintenance, expansion, recovery, and data backup creation. SaaS-based apps, on the other hand, are stored in the cloud, so they are less expensive to use and maintain. They also demand less office space and are simple to scale and update. Software-as-a-Service is becoming a popular choice for ERP users who want to save on the cost of ownership.
  • Trend #2: Intelligent ERP applications
  • Intelligent ERP system is the next big thing trending today. An intelligent ERP system is different from a generic ERP, as it comes loaded with capabilities and functionalities like the Internet of Things (IoT), machine learning, Artificial Intelligence (AI), and advanced analytics, which allow users to do much more with their systems. It leads to better analyzing and forecasting abilities, enhanced business processes and more efficient use of resources. 
  • Trend #3: Mobile applications
  • The whole world is now going mobile. The mobile platform allows one to access data on the go, no matter where they are. Just as the smart phones and laptops are replacing the desktops, all leading ERP vendors are working out ways to build extensions and add-ons to integrate mobility into their applications.
  • Trend #4: Hybrid ERP platform
  • A hybrid ERP platform is another emerging trend in the arena. Several ERP service providers offer a mixed hybrid model for ERP applications by combining SaaS with on-premise ERP products. It allows users the flexibility of introducing new modules to an existing ERP without having to build everything from the scratch.
  • Trend #5: Going Global
  • Technological advancements has lead to ease of doing and managing businesses from anywhere in the world, and at multiple locations simultaneously. Moving information, data and products from one location to another has never been easier, faster or cheaper than it is today. An ERP, especially cloud ERP, is a huge advantage for global companies as it makes syncing, accessing and managing data so much easier.

To know more about the ERP industry and how you can keep ahead of your competition, be sure to read to our blog, or call us for a demo.