Enterprise resource planning (ERP) systems are essential for businesses of all sizes, and they’re constantly evolving to meet the changing needs of the business world. Here are some of the top ERP trends that businesses should be prepared for in 2024 and beyond:
1. Shift to cloud ERP
Cloud ERP is the fastest path to digital transformation. It offers a number of advantages over traditional on-premise ERP systems, such as:
Lower upfront costs: Cloud ERP systems are typically subscription-based, which means that businesses don’t have to make a large upfront investment.
Easier scalability: Cloud ERP systems are easy to scale up or down as needed, which is important for businesses that are growing or downsizing.
Automatic updates: Cloud ERP systems are automatically updated with the latest features and security patches.
At Synovia Digital, we are experts in the best ERP software solutions for your business, whether you need SAP S/4HANA or Microsoft Dynamics 365. We are a trusted partner that can help you achieve your goals.
2. Integration of AI and ML
Artificial intelligence (AI) and machine learning (ML) are being used to improve ERP systems in a number of ways. For example, AI and ML can be used to:
Automate tasks: AI and ML can automate repetitive tasks, such as data entry and order processing. This frees up employees to focus on more strategic work.
Improve forecasting: AI and ML can be used to improve forecasting for sales, inventory, and other areas. This helps businesses to make better decisions about their operations.
Provide insights into the business: AI and ML can be used to analyze data and provide insights into the business. This helps businesses to identify trends, opportunities, and risks.
3. Rise of mobile ERP
Mobile ERP systems allow employees to access the ERP system from their mobile devices. This gives employees more flexibility and allows them to work more efficiently. Mobile ERP systems can be used for a variety of tasks, such as approving orders, checking inventory, and tracking shipments.
4. Increasing demand for customization and personalization
Businesses are increasingly demanding ERP systems that can be customized to their specific needs. This is due to the fact that every business is different and has its own unique requirements. Many ERP vendors now offer a variety of customization options, such as industry-specific modules and add-ons.
5. Emergence of tier-2 ERP
Tier-2 ERP systems are designed for small and medium-sized businesses (SMBs). They are typically more affordable and easier to implement than tier-1 ERP systems. Tier-2 ERP systems often offer a variety of features and functionality that are specifically designed for SMBs, such as ease of use and affordability.
ERP systems are essential for businesses of all sizes to streamline their operations and improve efficiency. The top trends for 2024 show that ERP implementation is a bright future for businesses, and Synovia Digital is here to help your business thrive with digital solutions. Contact us today to learn how we can help you propel your business to new heights.
Sources:
Top 5 ERP Trends to Look for in 2024 and the Future of ERP
The Future of ERP: 5 Trends to Watch
ERP Trends 2024: What to Expect in the Coming Year