The future of ERP: Making IT & Consulting Business Processes Simpler

The future of ERP: Making IT & Consulting Business Processes Simpler

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FoxERP
Jan 2023

ERP has played a significant role in streamlining business processes in the last few decades.

With the traditional ways of working becoming dormant, innovative automated ways of carrying out business operations have become the new normal.

The significance of digitized business practices increased massively with the adoption of ERP in carrying out magnanimous tasks that utilize repetitive iterations and comparatively more time in delivering business functions.

In the post-pandemic world, the ERP we know is not the same again.

Not only has it changed in ways of easing the business processes, but it has also evolved in one way or another, utilizing the maximum from the minimum available tools.

With various consumer-based companies performing poorly and facing the repercussions due to the escalating economies of several nations, organizations have realized the significance of using customer data to their advantage and delivering actionable consumer insights for a CRM system.

Research suggests that the global market value of ERP software will reach USD 100 Billion by 2025.

Factors such as the need for digitized business processes, the surge in digital transformation, and the demand for streamlined business functions are fuelling the demand for ERP software.

However, what’s more, important is to understand how innovative digitized business processes are reshaping the face of the business world in the post-pandemic era.

The below-mentioned trends are reshaping the future of ERP in the new normal.

1.Focus on Integration based ERP

Gone are the days when ERP alone would suffice the rising needs of businesses.

With the evolved ways of working, the focus has shifted to integration-based ERP, enabling enterprises to achieve their business functions smoothly and allows companies to take that additional calculated risk by trying out innovative services and products in an ever-changing world.

2.A surge in Need-based ERP software

One size fits all could be better, especially dealing with businesses in the post-pandemic era.

Organizations have not only evolved in the same way of carrying out their businesses but have also shifted to customized business processes, which are dynamic and ever-changing with each passing day.

With SMBs comprising a significant share of implementing ERP in their businesses, the current trend is shifting to a sales-based ERP trend.

3.Rising need for Cloud-based ERP

Businesses have shifted to the cloud as most of their data is massively stored.

With this new changing trend, organizations are shifting to cloud-based ERP, which helps organizations in unimaginable ways allowing organizations to deliver client-centric solutions.

For instance, Ramco’s cloud-based ERP is one such prime example that is serving the organizations with cloud-based solutions, making them abreast with cloud-based ERP solutions.

Conclusion

Organizations are slowly but steadily realizing the rising significance of having evolved ERP-based solutions.

The traditional ERP does not cater to the evolved business processes, and that’s where emerging technologies are progressing in the same way of delivering ERP solutions.

In the post-pandemic world, organizations are more focused on leveraging their ERP systems and providing a superior customer experience while automating and digitizing to supplement their people and create efficiencies throughout their businesses.

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