It was in the mid-1990s that Enterprise Resource Planning got sharp visibility in the business industry, and this trend actively continued till the next decade, the mid-2000s. Truly, it was the time when ERP solutions became the hot topic for every business enterprise; however to stay relevant and to retain its shine in the present scenario it has to go hand in hand with the cloud technology.
Emergence and Impact of ERP
Enterprise resource planning is the specially designed business management software, usually integrated with comprehensive services, used by a business organization to manage and store data at different business stages including product planning, cost and development, marketing & sales, inventory management, manufacturing and shipping & payment.
In today’s fast pace business world, ERP systems and services hold strong position as they support organizations to develop integrated real-time view of core business processes with the help of common databases. The use of applications makes it easier to facilitate, monitor and manage information flow across the various business domains. Moreover, being a multi-billion dollar industry, ERP systems play vital role and bring back great return on investments. There is huge future scope of ERP solutions as they bestow the flexible environment to make business decisions and adapt the changing events.
Have you ever tried visualizing how ERP will shape in next coming five to ten years? What ERP trends will be implemented and followed to meet business needs and gain new heights of success?
Of course, it will advance in ubiquity and usability! Enterprise data and transactions would be made available through collaboration, social and mobile channels.
Cloud ERP Transition
No qualm, cloud based computing technologies are progressively growing at a neck break speed. Thus, this pushes ERP services to turn into cloud ERP systems letting businesses achieve distinction in handling and monitoring financial planning, supply chains & inventory management, order & billing management, shipping & fulfillment and lots more.
Cloud ERP is hosted over the Internet. Hence, it features unlimited user licensing, fast setup and installation, consistent addition of new capabilities, and more, but without burning a hole in entrepreneurs’ pocket (it doesn’t demand any additional hardware and software procurement). Thus, to strengthen the business backbones, addition of smart ERP solutions has become the need of the hour.
Date: February 11, 2014