Traditional on-premise enterprise resource planning solutions are evolving into cloud-based systems. Emerging technologies like AI [Artificial Intelligence] and IoT [Internet of Things] has increased the capabilities of what ERPs can do.
Key trends of ERP solutions
Cloud-based enterprise resource planning
Businesses are gaining awareness about new technology adaptation, so are adapting The cloud-based systems. It will offer their business multiple advantages.
- It removes the requirement for expensive on-premises hardware & software.
- It reduces upfront costs
- It simplifies maintenance
- It offers greater scalability and agility
Small and medium-sized businesses with a lack of resources can quickly adapt to the changing needs.
Bista Solutions provides creative business solutions and is present in many countries. With their help, you can make your ERP configuration and implementation successful.
Data analytics & AI
Modern enterprise resource planning is equipped with potent data analytics & AI features. You can leverage the vast amounts of business data to –
- Generate valuable insights
- Identify trends
- Predict future outcomes
- Make data-driven decisions
- Optimize supply chain
- Automate tasks
- Streamline workflows
- Enhance efficiency
User experience & change management
A positive user experience is crucial for successful enterprise resource planning system implementation. If users cannot navigate it, the most potent system is ineffective.
Modern solutions prioritize –
- Intuitive interfaces
- User-friendly features
- Role-based access
For a smooth transition to the modern enterprise resource planning system, there is a need for effective change management skills.
Unfortunately, employees are so rigid to adapt changes that you will first need to make them aware about the benefits. They must also undergo training to operate the new system with confidence.
Industry-specific solutions
A generic enterprise resource planning system is becoming a story of the past. Every industry works differently. So companies are looking for industry-specific solutions that align with their workflow and goals.
These solutions offer pre-programmed modules and functionalities that resolve industry-specific challenges.
For example, the challenges in healthcare is regulatory, while in construction is project management. A tailored approach will help to streamline the operations and offers your business a competitive edge.
Remote & agile systems
Remote working has increased, so the enterprise resource planning system has to accommodate a geographically dispersed workforce.
Cloud-based solutions with robust mobile access ensure employees can gain access to crucial business data and seamlessly collaborate from anywhere.
Besides, modern solutions are designed to support agile business practices. Agile methods allow quick decision-making and streamlined communication.
Latest star in open-source enterprise resource planning solution market
Odoo exemplifies the above key trends. It offers a comprehensive business management suite including applications like –
- Customer relationship management
- Inventory management
- Accounting & project management
- A library of third-party apps
All the above features are delivered via a cloud-based platform.
For SMBs, it is a cost-effective solution. They can use it with ease due to its intuitive interface and solid mobile capabilities. Besides, you can get help from a developer to customize this open-source solution.
Conclusion
The future of enterprise resource planning systems is bright. The key trends mentioned above are restructuring the ways you can manage your resources.
ERPs offer flexibility, scalability, and AI features, which will help your business operations flourish in this competitive market.