With the new challenges the world faces, the global supply chain meets more constraints, which need to be resolved by the existing ERP systems.
The ERP systems must allow for and strive to deliver stringent business continuity and risk management strategies. In the competitive and constantly changing landscape, relying on ERP for managing large-scale operations is necessary.
So here are some trends that will be relevant in the ERP field in 2023:
- Sector-centered solutions over enterprise-wide ones.
The market situation shows that there’s no more need for industry-specific functionalities. It helps decrease customization costs and leads to faster deployment and implementation.
2. More focus on the Cloud
Most businesses are now moving away from on-premises solutions. Some similar technologies, including CRM and SCM systems, have already been in the cloud for some time, but ERP has undergone a more gradual shift.
Another trend with cloud technologies is that companies can choose a hybrid format of operations, allowing for some degree of in-house control over data and operations.
3. Mobile ERP
Since more and more people are working on the go, it opens a need for prioritizing the development of mobile applications for ERPs. It allows increasing accessibility and operations speed for the company and, in many cases, saves time.
4.Openness for integration
With more and more companies switching to the cloud, there rises a need for easier integration. Customizable ERP solutions offer access to APIs and deliver the ability to integrate niche third-party solutions that allow companies to easily add or remove features to their ERP solutions and have greater control over both development & implementation.
5. Intelligent ERP
The new world demands new solutions, and an Intelligent ERP is a term that refers to the use of Industry 4.0 technologies like AI, big data, cloud, IoT, and web3 technologies in modern-day ERP systems. By leveraging these technologies and implementing them in enterprise systems, manufacturing companies can bring multifold increases in their productivity levels. Besides, ERP facilitates intelligent business forecasting and aids in smart decision-making with calculated risk which is conducive to driving steady business growth.
To conclude, we can say that ERP systems are going to evolve in a more global and digital manner than ever before, thus answering market needs.
Using, implementing, and customizing an ERP system will get easier as more solutions become industry-specific and allow third-party integration.