Your business may be focusing on the wrong issues when considering ERP solutions. Enterprise resource planning (ERP) is designed to avoid redundancies or the duplication of resources across your organization. But you can only do so if you choose the right platform.
Where do businesses go wrong with ERP?
Just about every business is on board with ERP. In fact, only 9% of manufacturers have not implemented an ERP solution. As businesses grow and needs change, one common mistake in ERP upgrading is failing to assess if it fits your evolving business model, architecture, and manufacturing functionality.
To be successful, process integration must merge information in a way that appropriately solves your specific business challenges. So, when looking at ERP software, it pays to look for a package that is designed, or can be tailored, to fit your specific industry.
Here are few things to consider:
- Look for functionality.
You want a broad range of capabilities and a system that can be applied across your enterprise and serve all verticals.
- Be certain that a considerable degree of customizability is built in.
This allows users, like yourself, to activate or hide specific fields, functions and capabilities based on needs. You only want to deal with information that you can use.
- Process integration merges information easily to solve business problems.
ERP solutions should integrate into your business model, current system architecture, and manufacturing functionality. The latest cloud-based telematics software can work in synergy with an established system.
- ERP and the Cloud are the next step.
On-premises ERP implementations are on their way to extinction, according to a recent article on CIO.com. Cloud-based systems offer faster deployment of information, making it easier to embed analytics and reporting in the transaction system. Users can see reports in real time.
- Look for cost saving capabilities.
The right system should ease the flow of data across your enterprise, and ultimately lead to new efficiencies and cost savings. This means you can optimize time and schedules for all resources — a key advantage since more than 60% of organizations do not have enough resources to manage project demands.
The future of ERP
As IT and business management have come to understand the Cloud’s capabilities and value proposition, their position on ERP and the cloud has evolved.
The latest systems offer greater ease of use, mobile-enablement of applications, and easier integration with outside data sources. Today’s cloud-based ERP systems have internet of things (IoT) and machine-learning capabilities.
With the right system you gain:
- Superior security technology and expertise, since the cloud provider’s entire focus is the integrity of your data. Automatic updates means the latest in security is always deployed.
- Faster update/upgrade cycles, database maintenance, training requirements and customizations. In contrast to a year-and-a-half upgrade for on-premises systems, the cloud migration takes about six months.
Undertaking an ERP upgrade is an intimidating process that takes research. Evolving ERP trends and the changing business landscape require successful companies to make drastic changes to their enterprise systems, processes and technologies.
With this new level of connectedness — and the embedded analytics that cloud ERP offers — there is an abundance of opportunities to better manage business operations and improve efficiencies throughout an organization or enterprise.