Limited resources, tighter timelines, and increasing customer demands are just some of the challenges that even large corporations find hard to overcome. With new problems come new ERP software trends to help Ethiopian organizations face the ever-changing market. Our experts gathered ERP software trends for 2022 to keep you ahead of the competition. From mobile ERP systems to machine learning and AI adoption, here are some major subjects you should be aware of.
As industry, technology, and enterprise needs continue to drive ERP software development and adoption, developers are rapidly shifting to meet market demands. Below are some of the answers to an important question: what is the future of ERP?
ZalaTechs Brings you the following world class ERP trends
Complete Migration to the Cloud
Many businesses have typically depended on on-premises ERP solutions and have been unwilling to trust critical business apps to the cloud, but this is changing. Businesses are turning to cloud ERP for a variety of reasons, including ease of implementation, lower costs, elasticity (the ability to use only the resources required at any given time), new functionality, reduced reliance on internal IT resources, and the ability to easily add users and functions to accommodate business growth.
Cloud ERP software, also known as SaaS ERP software, is not a new concept and has been around for a while, but with the pandemic outbreak, when remote working became the new normal, cloud deployment became the favored alternative.The quick implementation, low deployment cost, and enhanced collaboration features of cloud ERP software are driving greater demand. The systems can also provide users with real-time information and allow for remote working while maintaining high data security. In 2015 Ethiopian Year, there will be a quantum surge in cloud adoption, with improved security protocols and compliance to deal with new circumstances.
ERP Platforms Going Mobile
With many ERP solutions now available in the cloud, the transition to mobile is only natural. Companies must now accommodate an increasingly mobile and remote workforce. As a result, many ERP system functions are being extended to mobile devices.
Mobile ERP solutions bring tremendous value by extending sophisticated features outside of offices, factories, and warehouses. Through forecasting and data analytics, they enable businesses to be more proactive.
Staff employees may access real-time data through their mobile ERP apps thanks to the availability of WiFi networks and advances in mobile internet rates. For example, B2B field sales people can receive real-time product supply updates. They can provide items that are easily available, reducing consumer wait time.
Mobile ERP systems are useful even within the confines of a firm. Push alerts enable critical stakeholders and management to make choices in real time. Additionally, mobile-only capabilities such as camera, geolocation, and fingerprint recognition make data collecting easier. This enables businesses to get productivity data that would otherwise be impossible to obtain.
More Data-Driven Processes
With increased data access, ERP systems may generate better data models, statistical patterns, and information linkages. As a result, businesses may use data to make data-driven choices, enhance operations, and even forecast and anticipate trends.
Companies, for example, are already leveraging historical data to anticipate future business prospects and monitor the operations of their organizations. Supply and demand data are utilized in manufacturing to generate more effective production processes. Managers utilize real-time data to guarantee that their staff are functioning efficiently at all times.
Organizations are always developing, and integration facilitates this process. It enables the automation of processes and important business operations, the acceleration of data exchange, and the augmentation of data analysis. By linking and synchronizing software with other systems, such as ecommerce platforms, integration avoids redundant data entry and needless internal communication.
ERP software are at the heart of this integration. An integrated ERP system allows you to manage all aspects of your business from a single application, ensuring that data flows smoothly across the firm — and all the way down to your financial records. Integrating data and processes improves efficiency and enables more informed, data-driven decision-making.
Increased Emphasis on ERP Security
Enterprise security is a complicated problem that includes both a company’s internal or private business secrets as well as employee and customer data that is protected by privacy laws.
Previously focused on protecting proprietary code or trade secrets from competitors and counterfeiters, enterprise corporations are now confronted with new data privacy laws in the United States and the European Union that can impose significant financial penalties on companies that mishandle or lose consumer data. The migration to cloud infrastructure for business process support, which is widespread in ERP installations, introduces new challenges for corporate security in information technology.