Enterprise resource planning (ERP) systems are essential for businesses of all sizes. They provide a single platform for managing all aspects of a business, from finance and accounting to manufacturing and sales. As the business landscape continues to evolve, so too are the trends in ERP.
11 ERP trends that are expected to shape the market in 2023 and beyond:
- The continued shift to the cloud. The cloud is already the dominant platform for ERP, and this trend is only going to continue in the years to come. Cloud-based ERP systems offer a number of advantages over on-premises systems, including lower costs, greater scalability, and easier maintenance.
- The rise of composable ERP. Composable ERP is a new approach to ERP that allows organizations to build their own ERP systems from a collection of best-of-breed modules. This approach offers a number of advantages over traditional ERP systems, including greater flexibility, lower costs, and faster time to market.
- The increasing importance of data analytics. Data analytics is becoming increasingly important for businesses of all sizes. ERP systems can provide businesses with a wealth of data that can be used to improve decision-making, identify new opportunities, and reduce costs.
- The growing focus on sustainability. Sustainability is becoming an increasingly important issue for businesses. ERP systems can help businesses to reduce their environmental impact by tracking their energy usage, waste production, and other environmental metrics.
- The increasing importance of security. Security is always a top concern for businesses, and this is especially true for ERP systems, which contain sensitive data. ERP vendors are constantly working to improve the security of their systems, but businesses also need to take steps to protect their data, such as using strong passwords and implementing multi-factor authentication.
- The increasing importance of user experience. The user experience is becoming increasingly important for ERP systems. Businesses need to ensure that their ERP systems are easy to use and that they provide users with the information they need to do their jobs effectively.
- The growing use of mobile devices. Mobile devices are becoming increasingly popular, and businesses need to ensure that their ERP systems are accessible from mobile devices. This will allow employees to access their ERP systems from anywhere, at any time.
- The increasing use of artificial intelligence (AI). AI is starting to play a role in ERP systems. AI can be used to automate tasks, improve decision-making, and identify new opportunities.
- The increasing use of the Internet of Things (IoT). The IoT is connecting a growing number of devices to the internet. This is creating a wealth of data that can be used to improve business operations. ERP systems can be used to collect and analyze IoT data to improve decision-making, identify new opportunities, and reduce costs.
- The increasing focus on collaboration. Collaboration is becoming increasingly important for businesses. ERP systems can help businesses to collaborate more effectively by providing a central platform for sharing information and documents.
- The increasing focus on compliance. Businesses are subject to a growing number of regulations. ERP systems can help businesses to comply with regulations by providing a central platform for tracking compliance requirements and managing compliance risks.
These are just a few of the ERP trends that are expected to shape the market in the years to come. Businesses that want to stay ahead of the curve need to be aware of these trends and start planning how to adapt their ERP systems to meet the changing needs of their businesses.
Here are some tips for businesses that are looking to implement an ERP system:
- Do your research. There are a number of different ERP systems on the market, so it’s important to do your research and choose the right system for your business.
- Get buy-in from stakeholders. ERP systems can have a significant impact on a business, so it’s important to get buy-in from all stakeholders before implementing a system.
- Plan for change. Implementing an ERP system is a major change for any business, so it’s important to plan for change and communicate with employees throughout the implementation process.
- Provide training. Employees need to be trained on how to use the new ERP system. This training should be comprehensive and should cover all aspects of the system.
Support your users. Once the system is implemented, it’s important to support your users. This may include providing help desk support or creating user documentation.
