8 enterprise resource planning (ERP) trends to watch

14 March 2023 Consultancy.com.au 2 min. read
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With the pace of technological change unfolding faster than ever before, the world of enterprise resource planning (ERP) is constantly evolving. Experts from SMC share eight trends to watch in the ERP landscape.

Increasing use of cloud-based ERP systems
Cloud-based ERP systems are becoming increasingly popular as businesses look to lower their costs and improve the efficiency of their processes. Cloud-based ERP systems offer numerous advantages, including scalability, lower upfront costs, and more robust security features.

Automation of business processes
Automation is becoming more popular as businesses look to reduce costs and increase efficiency. Automated processes can help to reduce manual errors, streamline processes, and improve accuracy.

8 enterprise resource planning (ERP) trends to watch

Greater emphasis on data analytics
Data analytics are becoming increasingly important as businesses look to gain insights intotheir customers, processes, and operations. With data analytics, businesses can gain a better understanding of their customers and optimise their processes to improve efficiency and reduce costs.

Greater emphasis on data security
Data security is becoming increasingly important as businesses look to protect their sensitive information from malicious actors. As data security becomes more important, businesses are likely to invest more in technologies such as encryption and two-factor authentication toprotect their data.

Increased use of data science
Artificial intelligence (AI) and machine learning (ML) are driving the development of more advanced ERP systems. AI and ML can be used to automate processes and make decisions based on data, resulting in more efficient and effective ERP systems.

Integration of ERP with other systems
ERP systems are becoming increasingly integrated with other systems such as CRM and accounting software. This integration allows businesses to manage all their processes in one system, resulting in greater efficiency and cost savings.

Better design for user experience
As businesses look to improve their employee experience, they are placing more emphasis on user experience (UX) design within their ERP systems. UX design focuses on creating user interfaces that are easy to use and intuitive, resulting in better user engagement and higher customer satisfaction.

More mobile-friendly solutions
Mobile-friendly solutions are becoming increasingly popular as more people access the internet from their mobile devices. As a result, businesses are investing in mobile-friendly solutions such as mobile ERP systems and mobile-friendly websites/apps that support day-to-day activities.

Perth-headquartered SMC is an independent consulting firm specialised in business software and enterprise resource planning, providing both advisory and implementation services.