ERP software is something that companies can invest in without an ounce of doubts.
However, technology always keeps you on you toes when it comes to enhancements. Hence, it is necessary for you to keep track of all the ERP and industry trends periodically.
And ERP definitely has changed through the years. Read: Top Trends of ERP in Last 5 Years
Here are few key findings that we stumbled upon for 2019.
1) ERP Upgrade is Chosen over ERP Re-Implementation
An upgrade of any technology is easier than re-implementation.
By upgrading your current ERP system instead of completely replacing it, you can focus more on your employees and processes of your company.
Organizations understand that processes hold higher priority than losing time over completely re-implementing any software. So, ERP upgrades took over ERP re-implementation.
Guided by an ERP consultant and with a more dedicated focus on change management and business process management (BPM), these organizations likely would have achieved the business benefits they expected and avoided budget and timeline overruns.
Nevertheless, the first priority while deploying such measures is to consider organizational goals. Most often, companies decide that a newer version of the software will be more effective to meet their objectives; that’s when re-implementation is required.
2) Personalized User Interface
ERP Systems are the key contributors of the enterprises’ business growth. Hence, User Interfaces of such ERP systems must be more personalized and interactive for better and effective results.
In future, ERP applications will need more customizable user interfaces to create more assistive user experiences since it has to be the key necessity in the business growth.
Businesses must keep in mind that ERP are not just record keepers anymore. Since, it has now inculcated with complex technologies like Business Intelligence, Cloud etc.; giving it the capability to improve operations and execute impeccable services.
3) ERP with Human Capabilities
With Business Intelligence leading the industry, new ERP systems manifest as more intelligent solutions. These systems are expected to provide deep and real-time insights of core business areas and assist organizations in bringing greater success in terms of operational efficiencies, productivity, and sales.
The advanced ERP software solutions activate automation with superior predictive intelligence capabilities. This is experienced platform-wide, across the complete spectrum of core business operations.
The business intelligence and analytical features are added to form integral parts of the systems. Thus, the new ERPs satiate organizations’ quest to find reliable tools that are not just used for capturing data, but also help businesses to make meaningful sense of the information and augment human capabilities.
4) ERP in Phases
Implementing ERP in phases gives large organizations more time to address any lingering human resources and processes issues experienced by individual business departments or locations. If they went live with all business units and locations simultaneously, they would need to address all of the people and process issues at once. That might lose a lot of time for the business organizations Hence, they wouldn’t want to take that risk.
This might be one reason, so many organizations are using a phased implementation approach.
While change management and business process management are typically addressed before implementation, there are always new issues that emerge once the system goes live. Some of the people and process issues we’ve seen in organizations post go-live include residual resistance to change and the need to strengthen process and system training.
5) Real Time Insights of ERP
The modern ERP architectures are constantly changing.
Such ERPs now support real-time responses that are intrinsic. To enable this at scale, new ERPs hold on in-memory computing and analytical processing, which allow systems to generate reports from data captured as close to real time as possible.
This smart application infrastructure would successfully transform the way traditional ERP systems executed the processes, thus equipping businesses with the power of real-time insights to make more successful planning and forecasting.
Top ERP Software in 2019
1) SAP ERP – Enterprise Level
SAP is the most chosen ERP for Enterprise level companies. It contains every feature necessary from human resource management to finance management. It is also compatible with 25 different industries.
However, it does not hold eCommerce and Integration features required for the business companies.
2) NetSuite ERP – Mid-size Businesses
NetSuite ERP Software proved to be the most effective software for the mid-size companies by offering financial management with better real-time visibility.
It provides almost all features that midmarket businesses require, according to TechnologyAdvice. From platform independent to Integration.
It lacks Assets Management, though.
3) Workday ERP – Small Businesses
Workday ERP is industry specific to 8 various industries.
This ERP software is mostly compatible with the small size businesses with most of the features present and with good user experience.
It contains features ranging from Human Resources to Custom Tool Integration. However, CRM and eCommerce are lacking their presence.
Conclusion
Every year sees some major developments in the technology. 2019 for ERP seemed to focus more on the processes of the business along with implementation methods of the software.
In the end, the goal has always been simple: ERP software must reduce the burden of the business along with meeting the organization objectives.
