ERP Trends To Watch Out For In 2021

1. ERP Trends To Watch Out For In 2021

2. In today’s rapidly evolving technology landscape, enterprises are constantly on the lookout for flexible software solutions to streamline their processes and strengthen their expertise. While a majority of enterprises use ERP solutions, it is equally important to keep them up-to-date to keep pace with the latest technological advancements. Security limitations, soiled information, and spreadsheet dependence are a few of the disadvantages of legacy ERP systems. As a result, it is essential to upgrade your existing enterprise systems to sustain the cut-throat competition and volatile market conditions. Understandably, keeping up with the latest ERP trends is advantageous to both the consumers and service providers. As we approach the year 2021, we are going to see many advances in the field of enterprise resource planning. Let’s explore the top ERP trends that will dominate the year 2021.

3. Cloud Adoption Cloud-based ERP systems are likely to go mainstream in the coming years and we’re going to see significant progress in 2021. ERP applications were initially offered as on-premise solutions with startup fees and hardware costs. As such, they were too expensive for small businesses and many enterprises refrained from investing in ERP software development. With the advent of cloud computing, more vendors are now offering cloud-hosted solutions. It makes ERP systems more accessible to SMBs and users no longer have to worry about expensive system maintenance and upgrades. As of today, SaaS ERP solutions are now dominating the market with the increasing adoption of cloud-based models. Companies using on-premises ERP are realizing its limitations including inflexibility, cost scaling, and lack of innovation. It is, therefore, quite evident that cloud adoption is going to play a vital role in improving present-day ERP systems.

4. Artificial Intelligence (AI) Integration and Other Smart Tech In many cases, enterprises need to install additional plugins to their ERP systems for performance enhancement or feature extension. However, it’s becoming increasingly common these days for ERP solutions to have such functionalities built-in. An ERP system with artificial intelligence features (also known as iERP) enables companies to automate their complex business processes through intelligent data processing methods. There is enormous structured or unstructured data for companies to collect. Hence, they need to find ways to analyze this data and extract value out of it. In such instances, AI-driven ERP systems can be used for data mining and big data analytics. They can create workflows, reduce errors, lessen information loading time, and more. An iERP solution can also analyze historical data and combine it with information from other departments. It aids decision making processes with accurate risk assessment and forecasting. AI, in addition to other next-gen technologies, when combined with ERP, can significantly enhance an organization's productivity and operational efficiency.

5. Increased Adoption of Mobile Apps Complete mobile support will be among the basic functionalities of a modern ERP tool. Apart from providing on-the-go access to data, the mobile approach in ERP brings a plethora of benefits. One of the obvious capabilities is to perform business operations anytime and anywhere. It means that both back-end and front-end activities are available on mobile devices such as smartphones and tablets. For example, employees working outside office premises can close deals even from home. It is possible because of the easy access to all the information and tools they require in one place.

6. The modern-day ERP systems are rapidly progressing and changing the way companies do business. More advanced technologies are added to ERP systems every year to drive efficiencies. It will continue its growth with many changes coming into the picture by 2021. Future ERP trends indicate that we will see buyers move to the cloud as vendors offer personalized solutions with continuous updates. Companies are adopting new technologies like AI and IoT to edge ahead of their competitors. To accommodate these features and challenges, companies must put more effort into ERP implementation than ever before. We, at Oodles ERP, provide end-to-end ERP software development services to address varied business requirements of our clients. We have established ourselves as a seasoned ERP development company that enables organizations to gain better control over their resources to drive profitable returns. Our ERP development services bridge the gap between all the important business functions and bring them under a centrally-managed software platform. For project-related queries, drop us a line at erp@oodlestechnologies.com.