ERP (Enterprise Resource Planning) systems no longer necessitate any sort of introduction. For businesses, investing in a good system no longer is an alternative. It is a necessity. Enterprise Resource Planning systems have been a part of the business software landscape for a long time. Ever since their foray into the world of business, vendors are incessantly evolving them, so they are more powerful, robust, simpler to use, and affordable.
The 5 Major ERP trends that we should consider in 2019:
1.Competition from Disruptors- The Enterprise resource planning behemoths that have conquered the industry are encountering stiff competition from new, often Software-as-a-Service (SaaS)-only startups & the proliferation of fresh trends threatening to upset how enterprises collect and process data, and also operate. Renowned companies like FinancialForce (already having more than 1,300 Enterprise resource planning customers) and Kenandy are creating solutions based on the Salesforce App Cloud to make them alluring to users of the popular CRM and sales automation tool. On the disruption side, data visualization, big data, and artificial intelligence (AI) top the list of newest technologies that threaten to alter the way Enterprise resource planning systems are built and used. Enterprises looking to update their Enterprise resource planning systems in the year 2019 will need to become aware of to how their new prospects handle such trends. Database performance will be the core performance indicator (KPI) for Enterprise resource planning in 2019.
2.Enterprise resource planning, SaaS, & Hybrid ERP- Enterprise resource planning apps are stored on your servers, which mean you are responsible for long-term hardware maintenance, hardware costs and data backup and recovery. SaaS-based applications are stored on cloud-based servers, which are much less costly, very fast to upgrade and scale, and don’t take up clunky servers. Hybrid ERP systems are becoming famous in some sections as long-time Enterprise resource planning customers enjoy the ability to move certain Enterprise resource planning functions to the cloud while sustaining tight, on-premises control over other facets, particularly those most vulnerable to compliance regulation.
3.Focused on Social Media and Digital Marketing- These days, Enterprise resource planning is specifically focused more and more on functions than marketing, but those modules will need to become social media-savvy by the year 2019. Future Enterprise resource planning systems will need to be able to integrate direct marketing & data gathering links across manifold social media channels to remain on the top list and highly competitive.
4.The Internet of Things (IoT) is going to stay- As more and more products and devices become connected to the internet, more data can be instantly funneled into the Enterprise resource planning system, and that’s an advantage that can’t be ignored. This trend offers better oversight over things like the supply chain and appliance performance, and it also gives overall data pool for good decision making.
5.ERP for the Subsidiary- As more Enterprise resource planning systems are being delivered via the cloud, it is becoming far easier to deploy such SaaS-based tools incrementally. Rather than replacing ERP whole-hog, big giant companies are selecting one slice of the business and plugging in SaaS Enterprise resource planning on a trial basis. This approach lets businesses observe SaaS Enterprise resource planning performance to evaluate how it might fit into the existing on-premises Enterprise resource planning implementation—or whether it should replace on-premises Enterprise resource planning throughout the whole enterprise.