ERP is playing key role in every company growth strategy. Organizations are keen to invest on this ERP solution, partly for creating an edge over competitor-those firms which are running on legacy systems, and also smooth the business process, and to some extent for complete visibility of information and data flow. Observing the trend that companies willing to invest on an ERP, vendors are relentlessly innovate the products and providing fancy tailor made solutions according to market trends and conditions
Let’s have a look on 5 Hottest ERP trends.
Big Companies are carefully selecting the best of breed modules in each ERP, during the evaluation stage that they select ERP vendor X’s HRMS package is best, but for Factory track, Logistics, material tracking they select ERP vendor Y. On top of that, they find ERP vendor Z’s manufacturing and accounting packages are good. When it occurs, some organizations are buying all 3 ERPS, but only the modules that they felt best for their requirements. It’s always good to have the best of breed module ERP instead of having single ERP which doesn’t have in depth functionality in all modules, but remember it triggers lot of investment and effort.
As Organizations look for rapid, easier ways to retrieve and update their data, new technology trend is available to meet this requirement. As technology has progressed towards mobile and on-the-go, some ERP vendors are giving the access to mobile phones, tablets, and other mobile devices. Literally, you can play around the organization live data from outside the office.
Two-tiered ERP may be similar to best of breed, but it is indifferent. In two-tiered, an organization Head office runs on ERP ‘X’, but company other locations may use different ERP according to the local market conditions. It’s also good to have ERP’s that are suitable to local conditions rather than having a 1 gigantic ERP which is installed in multiple locations with huge cost.
Example: Let’s say Company ‘X’ is using Infor M3 in India, if it’s wants to expand operations in Kenya it’s not easy to install same Infor M3 because you might not find Infor consultants to work there or even if you find there may be a strong ERP which is efficient to local business processes and taxation structure.
Could be the most experimental trend, Social ERP solution imitates the suite of others (Like CRM) to have social reach. It is easy to do, but do we really need social media elements to be integrated in the ERP solution? Can the employees really create value for of an organization by using it? The puzzle is still unsolved, but by sensing the social media fever, it is hard to tell this trend going away any time soon in the future.
After the ERP centralizes the company’s data and processes, there are still some other applications to be integrated with. Even the ERP can handle almost anything; Most of the ERP’s will lack in some features in specific module. This includes other software such as Sales force CRM or Xero, email systems like Outlook etc.
These are the ERP trends that create the wow experience to the users and investors in the next decade, so implement an ERP with futuristic approach. To implement a best of breed ERP consult Etag Team with no sales obligation call.
