What Is Enterprise Resource Planning ERP Software
In this ERP blog, we share an overview outlining what is Enterprise Resource Planning ERP Software and how it will enable your Business Success and is a must have business component – whether for an all new or upgrade ERP roadmap in the era of digital transformation. We cover off some key areas such as what it is, what is does, how it helps, deployment, implementation, facts & stats and more.
Enterprise Resource Planning more often referred to as ERP, is a business management software solution to manage the core business processes needed to effectively manage a business. The core business processes include Finance, Sales, Marketing, HR, Operations, Manufacturing, Supply Chain, Services, Procurement and more. In simplistic terms, an effective ERP Solution helps to automate and streamline all the business processes in one single integrated solution.
ERP Systems today have evolved significantly from the original legacy ERP Systems and are now an essential component of a company’s strategy for success. Today’s ERP Solutions have transitioned from the old legacy platforms and transformed into cloud-based systems, using all the latest supporting technologies such Data Analytics & AI (Artificial Intelligence), machine learning and IoT – all providing a stronger platform delivering greater data driven Business Insights and Intelligent System driven automation resulting in enhanced efficiencies and productivity. Today’s ERP Software Systems enable a seamless connection of end-to-end operations both internal and external supporting for effective collaboration, speed, and agility to operate in today’s evolving market conditions.
Why is ERP a critical component of a Business Strategy?
ERP is the central hub of a business and is the critical link providing the integration, automation and business intelligence that is critical to manage the end-to-end business operations effectively and efficiently. A company’s ERP system must capture all the critical data and information which really matters to the business, providing a single source of truth across your entire business and supporting Management, Budget-holders, Decision-makers, Stakeholders and Users to access trustworthy, reliable, timely and accurate data.
Why you need and effective ERP System?
An effective ERP system is not just any old piece of software! ERP software solutions are critical to the management of your business processes in today’s world – and where it is all about the data and information management and is a game-changer in the business landscape in driving business and digital transformation.
Some Interesting ERP Facts & Stats:
When selecting the right ERP System & Vendor, having clear and defined business and system requirements strategy all support for a successful implementation and achieving the business goals and objectives.
ERP systems are driven by market conditions and demand due to growing global trade, digital transformation adoption, and silos of data and information that needs to be monitored, maintained, analysed, and reported on. The extensive ERP market growth and forecasts demonstrates a strong move to more global demand and increased ERP usage.
Companies optimise ERP Solutions to reduce costs and increase efficiencies and performance and to drive their business success. The growing and evolving ERP market and the statistics on ERP ROI show the many advantages of investing in the right ERP technology. ERP software statistics demonstrate just how important an effective ERP Solution is for businesses today and becoming an industry standard and a must have – if companies are to remain competitive and successful in their industry.
ERP Solutions come in all shapes and sizes to meet the multiple needs and requirements from SMEs through to the large enterprise and multi-national corporations. In the era of digital transformation, companies are investing significant time, resourcing, and budgets on their ERP projects.
ERP data is anticipated to fuel thirty percent of AI-generated predictive analysis… (Gartner) – By 2023, ERP data is predicted to increase thirty percent of all AI-generated predictive analyses and forecasts within the enterprise.
AI will be mainly incorporated into ERP systems… (Gartner) – According to a report from Gartner, sixty-five percent of CIOs predict that AI will be incorporated into ERP systems. Further, the listed deep learning and predictive analytics of CIO are the most important ERP technologies to get a more competitive edge.
ERP as the main priority for finance companies… (Gartner) – ERP is now considered the leading top tech investment priority among many finance firms. Sixty-four percent of companies and organizations are planning on implementing it within the next three years.
Businesses are planning to replace their older systems… (Panorama Consulting) – Organizations are planning on changing older systems, with thirty-two percent of respondents saying their recent technology initiatives involve changing legacy solutions.
Satisfaction among organizations where ERP has been implemented has been positive… (Panorama Consulting) – A notable minority of ten percent are either being dissatisfied or very dissatisfied with their new systems. That dissatisfaction is more typical among firms that have failed to implement efficient change management.
Employee resistance as the major barrier to change… (Deloitte) – Change (82%) underlying the necessity for efficient change management. Other barriers include unrealistic expectations (65%) and insufficient backing (72%).
Technical aspects of ERP implementation as the simplest to resolve… (Panorama Consulting) – Eight percent of businesses find the technical change of adopting challenging. On the contrary, process changes and organizational change were major concerns that had to be resolved during projects.
More businesses fail to meet their goals… (Deloitte) – It was found that an estimated fifty-five to seventy-five percent of ERP projects fail to meet their goals and objectives due to inefficient project management.
Digital business transformation is the most common among ERP consumers… (Panorama Consulting) – Fifty-eight percent of these projects are about business transformation, followed by Oracle (forty-eight percent) and Microsoft Dynamics 365 ERP (forty-four percent).
ERP systems are a crucial investment for IT decision-makers… (Computers Weekly) – ERP systems were considered to be a crucial investment and must be the number one priority, based on fifty-three percent of IT decision-makers in a recent survey.
Users had an anticipated or actual spend on ERP of less than two percent of annual income… (Panorama Consulting) – Eighty-four percent of respondents on a survey found that they had an expected or actual spend on ERP of less than 2% of annual income. Nonetheless, it’s vital to note that such numbers are influenced and differ by the size of an organization.
ERP will be worth $47.9 billion in 2023… (360 Market Updates) – The global market for ERP was valued at $33.6 billion in 2017 and is anticipated to be worth t$47.9 billion by 2023.
Microsoft Dynamics 365 ERP with a huge market share advantage… (Trust Radius) – When it comes to market share, Microsoft Dynamics 365 ERP has a huge edge over its competitors with forty-nine percent. It’s followed by Oracle (eighteen percent), Sage Intact (seventeen percent), Infor (six percent), and Epicor (six percent).
ERP software market grew by nine percent in 2019…(Gartner) – In 2019, the worldwide ERP software market increased by nine percent, leading to a global value of at least $39 billion in overall software revenue.
Cloud subscriptions in 2020 accounted for $170 billion in revenue… (Forrester Research) – According to research conducted by Forrester Research, it was estimated that the 2020 cloud subscriptions for business applications accounted for $170 billion in revenue.
ERP market size will rebound and grow more post covid-19… (Allied Market Research) – It’s estimated to reach $86,303 million by 2027, at a CAGR of 9.8%. The current estimation of 2027 is estimated to be higher than pre-covid-19 estimates.
Higher maintenance costs and investment will impact the market growth… (Allied Market Research) – Including the availability of open-source applications is anticipated to influence the market growth during the ERP market forecast period.
Firms with $100-$250 million revenue had the fastest implementation period… (Ultra Consultants) – In a survey on ERP implementation, midsize organizations with $100 million to $250 million in profit had the fastest implementations at 6.7 months. Firms with more than $25 billion in revenue took at least 12.35 months.
Companies considered ERP implementation useful and led to their success… (Panorama Consulting) – Companies that communicate with their team before implementation consider their project a success. Only eighty-six percent of companies that started communicating during or after implementation consider their project a success.
More small businesses are moving to ERP… (Aberdeen Group) – A survey from Aberdeen Group found that sixty-five percent of small businesses are presently taking advantage of ERP consultation services.
More small businesses saved money by using ERP software… (Aberdeen Group) – Small businesses that negotiated along with ERP service providers were able to save at least twenty-one percent of their expenses.
More companies will invest in cognitive technologies… (Deloitte) – Sixty-three percent of companies are now planning to integrate other ERP solutions such as competitive technologies to enhance their competitiveness.)
Top three areas where ERP produced a return on investment… (Ultra Consultants) – The top three business goals mentioned for the implementation of ERP systems are reduced cycle time (35%), reduced inventory levels (40%), and reduced IT costs (40%).
ERP Upgrades on the Increase… (Panorama 2021) – As many as 35.5% of companies are looking to upgrade their ERP systems, and another 32.3% are planning to shift away from legacy solutions. Organizations are achieving their goals through ERP solutions, such as operational efficiency (96.6%), reporting and visibility (85.7%), updating their technology stacks (80%), and increasing competitiveness and growth (68.4%). (Panorama Consulting Group, 2021)
Why ERP Is Key to the Business Supply Chain:
An effective ERP System will manage and link your entire end-to-end business Operations to meet all internal and external demands. The importance of ERP software to businesses is illustrated by an increasing user adoption rate. Some examples include:
- The Finance departments requires an ERP system to quickly close the books. Sales needs ERP to manage all the customer orders and renewals…
- Logistics relies on ERP software to deliver the right products and services to market…
- Accounts payable needs ERP to pay suppliers promptly and on time…
- Management needs real-time visibility and the right Business Insights into the overall company performance and to support for accurate, reliable, and real-time data-driven decision making…
- Other stakeholders and 3rd parties such as banks and shareholders require accurate and timely financial reports and analysis.
Discover why an ERP system is so important?
An ERP Suite comprises of integrated business applications that communicate with each other and have a common database. Each ERP module will usually focus on a specific business area and work in unison using the same data and information generated by the ERP system to support the company’s and industry-specific requirements, via the system’s core functionality and through ERP add-ons and Apps which easily integrate with the ERP System to bring further value-add. .
ERP software systems can be purchased using cloud subscription models – software-as-a-service SaaS or via on-premise, licensing models.
Some of the more common and widely used ERP Modules include:
- Finance: The financial systems are the backbone of most ERP systems. As well as managing some traditional financial activities such as the general ledger and automating key financial tasks, it also helps the businesses to monitor the accounts payable and receivables, financial close, financial report generation and compliance with regulatory financial management reporting and standards.
- HR: Most ERP systems will include a HR module that provides the key HR features such as time and attendance and payroll as well as multiple HR Add-ons & Apps easily integrated to ERP systems to bring greater HR functionality including HR Employee management & HR Analytics.
- Procurement: The sourcing and procurement module helps a business to source the services and materials they need to manufacture and sell their products. This module will automate and centralise purchasing, quotes, contracts, and approvals.
- Sales: The Sales module helps to manage the prospect and customer journey and provides data-driven Customer Insights to help Sales teams build better and stronger sales pipelines. The sales data helps to optimise and increases the lead generation and sales opportunities as well as better sales order cycles and stronger sales performance management.
- Manufacturing: The manufacturing module is a component of ERP systems within the manufacturing industry. It helps to automate and streamline often complex manufacturing processes and ensure production is aligned to supply and demand. The manufacturing module usually includes functionality for material requirements planning (MRP), production scheduling, manufacturing completion, quality assurance and more.
- Logistics & Supply Chain management: This is a key component of any ERP system and helps monitor the transfer of materials and supplies throughout the Supply Chain process. This module will provide the functionality to manage real-time inventory management, warehousing operations, transportation, and logistics and can help greatly increase supply chain visibility and resilience.
- Customer & Field Service: This module in an ERP system enables companies to deliver a customer service excellence experience. The module provides the tool for customer service and field service management along with all the necessary data insights to help resolve customer service support and improve customer loyalty and retention.
- Data Analytics & Business Intelligence: Real-time Reporting & Analysis is a critical component of any ERP system to capture, monitor, analyse, report, and share the key Business Insights and KPI’s from across the entire end to end business operations and supporting for informed data-driven decision making.
The business value of ERP – Some Key Benefits:
It’s impossible to ignore the impact of ERP in today’s business world. As enterprise data and processes are centralised into ERP systems, businesses can align separate departments and improve workflows, resulting in greater ERP ROI.
- Improved business insight – with real-time ERP Reporting and Analysis
- Lower operational costs – through streamlined business processes and best practices
- Enhanced collaboration – across the business
- Improved efficiency – through common user experiences across many business functions and defined business processes
- Higher user-adoption rates – from a common user experience and design
- Reduced risk through improved data integrity and tighter controls
- Improved management and operational costs – through uniform and integrated systems
- Enhanced productivity with streamlined and automated business systems and processes for greater efficiencies.
- Informed data driven Business Insights – reduce your silos of data and information and get to the informed real-time data driven business insights.
- Enhanced Reporting & Analysis – Enhance the business and financial management reporting and analysis. Improve the business performance and growth.
- Reduced Risk – Optimise the business visibility and control and ensure compliance with regulatory requirements.
- Streamlined IT – By using integrated ERP applications that share a common database, you can streamline IT and give everyone an easier way to work.
- Greater agility – With efficient operations and easy access to real-time data, you can quickly identify and react to new business opportunities.
ERP Benefits – A Snapshot:
- Cost savings
- Workflow visibility
- Reporting & analytics
- Business insights/intelligence
- Regulatory compliance & data security
- Risk management
- Data security
- Scalability & Flexibility
- Customer & partner management
- User Experience & User Adoption
- ERP Return on Investment ROI
ERP for all Industries:
All businesses regardless of industry or size, need accurate and reliable real-time information and effective automated and streamlined business processes to remain competitive. Different industries will use ERP Systems to meet their industry specific requirements in different ways. Some of these industries include:
- Wholesale & Distribution – All these companies want to reduce distribution costs, increase inventory turnarounds, and shorten the order-to-cash time. To achieve these goals, they need an ERP solution to manage the integration of inventory management, purchasing and logistics functionality, along with the automated processes that are tailored to their own industry and business specific requirements.
- Utilities– Utility companies need to constantly review their capital assets. Without an effective ERP system, the effort to prioritise the major asset investments would be challenging. ERP systems also support the business to solve critical utility company issues such as forecasting and stock management.
- Manufacturing – All types of manufacturers rely on effective ERP and supply chain system to meet product quality guidelines, manage asset utilisation, control overtime costs, handle customer returns and more. Manufacturers can also gain end-to-end inventory control by monitoring stock movements, pinpointing best and underperforming products, and managing the procurement process more efficiently.
- Services – Services companies, including professional services require powerful ERP technology. Key to the service industry success is the ability to stay on schedule while managing project profitability, effective resourcing, identify revenue metrics and growth opportunities.
- Retail – with the emerging ecommerce landscape, retail has undergone a huge transformation. The ability to provide self-service options for identifying, configuring, purchasing, and shipping of products is reliant on accurate, reliable integrated data. An effective modern day ERP system provides retailers with informed data-driven Customer Insights that helps retailers reduce the cart abandonment scenarios, improve the Website sales conversions, boosts order value and increase customer loyalty and value.
ERP Deployment Options:
Today, ERP systems can be deployed in several ways:
- in a public or private cloud
- on premise
- or in various hybrid scenarios that combine environments.
Cloud ERP – With Cloud ERP, the software is hosted in the cloud and delivered over the Internet as a software as a service SaaS offering that you subscribe to. The software provider usually manages the regular maintenance, updates, and security on the client’s behalf. Cloud ERP is now the most popular deployment of choice for multiple reasons – not least for the lower upfront costs, easy & flexible integration, and greater agility and scalability.
On-Premise ERP – This is the traditional model for deploying ERP software and is typically installed in data centres across locations of your choice. The installation and maintenance of the hardware and software lies with the end user’s responsibility. Many companies are now upgrading their on-premise ERP systems to cloud deployments and such moves require careful planning of your ERP Upgrades & strategy.
Hybrid ERP – For those companies looking for a mix of both hybrid and cloud to meet their business requirements, there is the ERP hybrid cloud models to select from. This is where some of your ERP applications and data will be in the cloud and some on-premise. This model might also be referred to as a two-tier ERP Solution.
The total cost of ERP – TCO / ROI:
Two key terms to look at when investing in any new ERP or upgrade path is the Total Cost of Ownership (TCO) and Return on Investment (ROI). The ERP System costs will depend on the software vendors, the modules selected, and the chosen deployment method.
Typically cloud-based ERP systems have lower costs than on-premise ERP Solutions as with on-premise, there is hardware that needs to be purchased as well as expensive in-house IT expert overheads to be factored in. The vendor handles the maintenance – and charges the client annual or monthly subscription fees and this is usually based on the actual number of users.
When calculating the return on investment (ROI) and the total cost of ownership (TCO) of a new ERP implementation, the initial and ongoing resourcing costs are just as important as the software selection and deployment costs. With cloud and hybrid options, new factors must be evaluated. For example, software maintenance, computer capacity, downtime, recovery, security, privacy, and IT overheads are all essential considerations. However, cloud options significantly reduce both capital and operating costs – and greatly improving both TCO and ROI.
The future of ERP – Where is it going?
The era of Digital transformation is changing the business landscape and business management software solutions including ERP is at the forefront of this change. As companies embrace and adopt digital transformation technology across the entire business – this is fundamentally changing the way the way they operate and do business.
According to a Gartner Report “…they identified four digital business accelerators that will help executive leaders …banish drag…which essentially means to remove any non-value forces that slows the business down and this includes obsolete and outdated business systems and processes…” This is a key driver for companies to look to replace or upgrade to more robust and value-add ERP Systems.
The following are some of the key trends that build on the ERP momentum we see today:
- It’s all about the Cloud! Preference for cloud ERP will continue to intensify as more companies discover the real benefits – with the “anywhere & everywhere” access, reduced cost of hardware and greater technical support, greater security and integration with other systems.
The Panorama Research 2022 Enterprise Resource Planning ERP Report states…“there was understandably a note of urgency as supply chain disruptions and the rise of the mobile and Remote WFH workforce continued to present challenges to underprepared organisations. Our report found that efficiency. mobility access key as organisations moved toward Tier I ERP systems and accompanying process improvement initiatives. At the conclusion of their project (or at least phase one of their project), most of these organizations said that their project met their ROI expectations”.
- Integration is Key: The battle lines between best-in-class solutions and integrated ERP systems is drawing to close! The future lies with companies looking for a combined, integrated solution with the flexibility to embrace and meet all vertical integration requirements. This enables companies to have a seamless customisations experience when meeting all custom and/or 3rd party add-ons needs without any integration issues and to easily overcome any vertical integration challenges with flexible and easy access to all sources of data and information. The trend is very much towards greater flexibility as business systems and processes are customised to meet the specific needs of individual companies.
- Greater User engagement & personalised User Experiences: All users & stakeholders both internal and external including employees, customers, suppliers, and partners want access to the functionality that meets their specific needs or business interests and enables them to be more productive.
- The changing face of the evolving workforce in industries such as manufacturing are driving the new-found interest in the low-code, no-code platforms. These platforms enable the users to get the experience they need to be effective and efficient, rather than having to adapt to particular software sets.
- Users can also get greater access to personalised dashboards and workflows across all devices.
Some of the key areas to look at when selecting an ERP System:
Regardless of specific business or industry requirements and capabilities, there are some fundamental features that all ERP Systems must provide and including a 360° view of the business.
- A common shared database – A Centralised information database providing consistent, shared data and an end-to-end view of the company.
- Embedded analytics – Built-in analytics, self-service BI, reporting, and compliance tools that can deliver intelligent and informed Insight for the entire business.
- Data visualisation – Real-time visualisation presentation of key information with dashboards and KPIs, for informed data-driven decision-making.
- Automation & Streamlining – Automation of repetitive tasks as well as advanced robotic process automation with machine learning and AI tools.
- Consistent & Uniform UI & UX: A consistent look and feel across all modules, along with a user-friendly configuration and tools across all areas including processes and all end users across customers, suppliers, business units, locations, and product lines.
- Easy & flexible Integration – Seamless integration of business processes and workflows including with other software solutions, data sources, add-ons & Apps and including from all 3rd party platforms.
- New technologies – Support for all new emerging and future technologies such as IoT, AI, machine learning, security & privacy, and device compatible.
- Technology platform – to support a fast, proven, and stable technology stack for long term investment including the low-code and no-code and data management platforms.
- Multi-national & Multi-currency support – support to include for different currencies, languages, and local business practices and regulations
- Technical Support – for cloud services, training, help desk, and implementation.
- Choice of deployment – to support Cloud / SaaS, on-premise, or hybrid.
What Is Enterprise Resource Planning ERP Software?
Some take away key learning points include:
ERP is the mission-critical business software system that collects the data and information across the end-to-end business operations. The information is captured in a common database, thereby enabling senior management, key decision-makers, and stakeholders to monitor, measure, report, analyse & respond to the the business performance in real-time.
- Enterprise resource planning – ERP systems unify the critical business functions such as Finance, Sales, Marketing, HR, manufacturing, inventory and order management, logistics, customer engagements, project management and much more.
- A significant feature is the value-add real-time reporting and analysis available across the business and sliced and diced by KPIs such as performance metrics by department, business unit and overall business performance.
- The flexible deployment options for ERP is another plus from on-premises to cloud and hybrid. Each company can select the deployment options best suited to their business requirements and future growth plans.
- Overall, every business should ensure that they fully understand the system capabilities & functionality, implementation methods & models, integration requirements and future growth plans – as a total cost of ownership of any short-listed vendors prior to making the final ERP Selection.
- Finally! ROI in ERP technology investment is key and can be significant on several fronts – from financial savings to greater efficiencies and productivity. This is achieved through the rolling out of streamlined and automated ERP systems and processes providing a company wide 360° view of the business and enabling enhanced opportunities for growth, remain competitive and to future proof your business.
What is an Enterprise Resource Planning ERP Partner? And Why is an ERP Partner Important?✅
So, you have made the decision to invest in the ERP Software but where many ERP projects fail is with the choice of ERP Partner! As the saying goes, “… there are ERP Partners… and there are ERP Partners! Poor and inadequate ERP project implementation and management is one of the most common challenges of why ERP projects fail. Your investment in your ERP Partner is often every bit as important as the ERP software itself. Your ERP Partner Selection is key as they will have overall responsibility for delivery of your ERP project, providing the necessary resources to overseeing the ERP project implementation roll-out to Go Live.
An effective ERP Partner will follow their proven ERP project management methodology along with drawing on their previous ERP implementation experience to manage all risks and to ultimately deliver a successful ERP Project roll-out. A partner with a proven record will have developed a proven and best in class ERP methodology that will be adapted to the specific needs of each customer’s unique requirements and business models.
During the project, the ERP Implementation Team will provide expert guidance and direction, make decisions related to any potential changes in project scope of requirements; process design, resourcing – both internal and external and meeting all the key metrics of Quality Assurance, Timelines & Budgets.
The Total Cost of Ownership – TCO & Return on Investment – ROI of most ERP projects are based on the on-budget and on-time delivery metrics to Go Live and the subsequent substantive improvements in enhanced efficiencies and productivity.
Enterprise Resource Planning – ERP Software Systems FAQs?
What is an ERP software system?
An effective ERP Software System is a set of integrated business applications or modules for managing a company’s business processes for Finance, Sales, Marketing, HR, manufacturing, inventory and order management, logistics, customer engagements, project management and much more. The various ERP modules are integrated into one single ERP system with a shared common database to help streamline and automate the business processes and information across the end-to-end operations. An effective ERP System will be flexible, agile, and scalable to help business manage current and future needs – as their business needs grow and change over time.
What is ERP Financial Accounting Software?
All modules within an ERP system have their own unique value-adds and including the ERP Financial Accounting software module. The finance module provides many of the same features and functionality as a dedicated financial accounting software solution including all the necessary tools to manage the key finance functions such as accounts receivable & payable, general ledger, expense management, management accounts, financial reporting and analysis and much more.
All the ERP modules for the various lines of business and including the Finance function provides for easy integration of data and information management in a single, integrated ERP system.
How do I know if I need an Upgrade or all New ERP Software system?
Most business models usually start their ERP journey with some basic standalone tools to manage the various business processes – such as using off the shelf basic accounts software along with a Microsoft office suite including excel spreadsheets to bring added capability. Some of the key indicators that you may have outgrown your current systems and/or need an ERP upgrade include:
- Time-consuming and resource heavy tasks: Is managing some of the key tasks such as the financial close a time-consuming and manual effort? – then disparate business applications may be to blame. An effective ERP software solution integrates the modules, data, and information into one centralised system, making it easier for business units to collaborate and share the critical important information to help them to work more effectively and efficiently.
- You have too many disparate business systems and processes which don’t communicate with each other: Are you struggling with all the different disjointed systems and processes? – Your business processes may need to be re- structured to manage the multiple cross-business systems and process requirements within a single, integrated platform. ERP is a natural fit to manage current and evolving business needs and growth.
- You have multiple data sources and manual, repetitive and time-consuming processes: Are the various departments and business units all using their own “custom” applications and processes to get their job done? – This system will lead to repetitive, time-consuming and duplication of effort. When critical information doesn’t freely and seamlessly flow between the relevant systems and process, then you are left fire-fighting issues and challenges such as in-effective and error-prone reporting procedures and ultimately impacting the real-time data driven decision making opportunities.
- Have you a 360° view of the business, can you answer the critical business questions: Do your current systems enable you to easily answer the all-important mission critical questions? – Such as YTD / YTM revenue by product and location KPIs. Omission or lack of access to KPIs and metrics will hold your business back and where an effective ERP solution will help you address all your business challenges with real-time access to KPI dashboards.
- Are you optimised to take advantage of all emerging opportunities? Are you spending so much time running your business that you can’t pursue exciting new opportunities? – Newer ERP systems include advanced, intelligent capabilities, like machine learning and predictive analytics, that make it easier to identify and capitalise on profitable new business ventures.
- Is your Business Future proofed: A single centralised ERP solution that replaces disjointed systems in a business can be hugely beneficial in managing a business. Some of the key areas a well-implemented ERP system can help businesses prepare for the future include:
- Access data in one place, from anywhere
- Define & set your key performance indicators
- Business continuity
- Adopt industry best practice
- Agility, Flexibility, and scalability
What is ERP cloud software?
Today, Cloud ERP deployment is one of the most popular choices for many ERP projects. The cloud deployment options provide an ideal environment for ERP as it is easily accessible, reliable, secure, robust and a highly scalable platform for ERP software systems.
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