Enterprise Resource Planning (ERP) has undergone a sea change over the years. If you are still struggling with your old ERP system that has been built, based on older operating systems such as DOS or earlier versions of Windows, think again? Now, customers and users are expecting much more from the traditional ERP systems and are exploring better options to get their business running without any disruptions. With innovation sweeping across all segments of business and technology, it is time to upgrade your current ERP system or look for a solution that can help you accomplish a variety of tasks, along with providing the best return on investment (RoI). This blog explores few good reasons why you need to invest in a next generation ERP solution from a business perspective to help your business grow and stay competitive.
You might have observed that many ERP packages, which are available today are just make up versions of the older versions of the ERP software – changing the presentation layer with technology remaining absolutely the same. So, it is better to avoid such ERP packages, which do not offer much value in terms of functionality or money. So, let’s examine few key aspects about what you need to consider when investing in a next generation ERP solution.
- Mobile access
The most important aspect to consider when you want to invest in a next gen ERP is to check whether the solution is mobile compatible. This is particularly true for professionals working across different verticals, wherein access to business information on the field is quite crucial. Enabling mobile functionality and web portal access for various stakeholders such as clients, employees and more takes business operations to the next level. A mobile compatible ERP should act as a key enabler for your organization’s business transformation initiatives, powering your organization to the next level of excellence.
- Fully integrated application
A fully integrated ERP system enables a company to get full control over the functionality that they want. Take for instance a manufacturing company. A manufacturing company might want all the production modules as well as other related modules such as financial management, human resources, payroll, CRM, services and a customer portal (for real-time updates) integrated in their solution. And one step ahead is the flexibility for customization, as per the customer’s requirements, eliminating the necessity to pay for modules that they do not use.
- Data sharing across different modules
Data entry is now the matter of past! A new gen ERP should be flexible enough to share the common data across different modules in real time, minimizing the need to type the data repetitively.
- Embedded analytics and business intelligence
A next generation ERP system should offer embedded analytics and business intelligence that lets your organization to generate personalized reports and ad-hoc queries, as and when applicable. Above all, the data need to be get updated automatically in real time without the need to sync manually.
- Hosting Options
A complex system such as an ERP should offer a variety of hosting options, based on your organization’s requirements. Most notably, a next gen ERP should offer both on-premise (hosted on your organization’s server) or as a cloud model and should have the flexibility to virtually run on any device.
- Integration with social media platforms
Social media integration is still new in the ERP realm; however, this is slowly catching up and a next gen ERP solution should provide an option to seamlessly integrate with social media (Facebook, LinkedIn, etc) to take customer experience to the next level.
The features, which have been covered till now are at a basic level, though there are other value-added features that one can expect in a next gen ERP system. Certain cutting-edge features such as ERP-Internet of Things (IoT) integration is also catching up slowly, which can be a major contributor in helping companies to embark on the next phase of digitization. A major factor one should consider is that a good ERP package should help in streamlining your existing processes, but not to alter the processes to suit the working of the software. A next generation ERP solution should not be confined to only one specific business domain, but should be able to cater to multiple domains – be it manufacturing, commercial or real estate.
To help you embark on the right ERP solution and get started in your digital transformation initiatives, please get in touch with us at firstname.lastname@example.org or call us at +91 40 – 69000226 .