ERP system has expanded its reach to support more business functions, which include HR, marketing automation, procurement, accounting, and eCommerce. Businesses more rely on ERP to not only cut costs by eliminating redundant processes and automating some of the mundane tasks but also to offer employees access to some of the important information to make better decisions, faster and quicker.
So, here are 4 Trends Transforming ERP Software:
ERP system Offering Real-Time Data
Real-time structured data has always been beneficial for lots of organizations. Some of the major benefits include the:
- Enhanced customer experience
- Streamlined business functions
- Accurate and in-depth insights
This is why it is not that surprising to know that most of the organizations are making the Enterprise Resource Planning or ERP system a part of their integral operation.
ERP system is a combination of the multiple tools that are being used by the various departments in an organization. This means that an ERP system is as of now the best tool to smoothly communicate all your business data across the different departments.
Robotic Process Automation (RPA)
Robotics Process Automation will play a significant role once the company is digitally transformed. Bots will handle all the mundane and repetitive tasks with ease and the company management can focus on some other critical tasks. It will have a positive effect on the overall productivity of the organization. The RPA approach will get a productivity boost with the latest technology advancements in the Internet of Things (IoT) and AI technologies in 2020.
The use of the Artificial Intelligence-based ERP system highlights organizations with an increasing desire to mine their operational and customer data for a new and relevant insight that will increase the top and bottom lines.
Accelerated Cloud Adoption
There is nothing new about migrating and moving to the cloud-based ERP software. But it is one of the game-changing models that continue to prevail. Previously, ERP software was available on-premise solutions whose fees and hardware costs made the system too much costly for the Small and Medium businesses.
Now as cloud computing technology has started to optimize, now more and more organizations are entering the cloud hosting market, which makes ERP solutions more accessible to Small and Medium businesses.