Enterprise resource planning (ERP) solutions have matured and expanded their reach to support most business functions, from back-end processes like accounting, HR, procurement and manufacturing to front-office functions such as sales force automation (SFA), marketing automation and ecommerce. Businesses rely on ERP to not only cut costs by eliminating redundant processes and automating mundane tasks but also to provide employees access to critical information to make better decisions, faster.
As companies increasingly rely on ERP to run their businesses, these systems continue to evolve to incorporate new technologies and support a broader range of functions. The pandemic has further illuminated the value of cloud ERP and accelerated the shift from on-premises software, partly because cloud-based applications allow employees to get their work done from anywhere with an internet connection—they don’t need to be in an office. Some CFOs looking to cut costs amid the economic uncertainty are actually increasing investment in cloud ERP to drive savings and better support their remote workforce.
The transition to cloud ERP will likely only accelerate as companies realize it’s much easier to gain the speed and agility they need to compete in today’s marketplace if they shift ERP and its associated modules to the cloud. Those organizations that have already invested in cloud ERP will look for ways to further utilize the power of the cloud.
In the near term, organizations will also continue to focus on ensuring their ERP software is optimized for remote work. That includes providing more mobile ERP functionality, ensuring secure remote access, supporting remote training and increasing automation of workflows. Another trend to watch: further expansion of ERP supply chain management capabilities to help protect the organization against supply chain disruptions or other rapid changes in global economic conditions.
We present to you, “Top 10 NetSuite Solutions Providers - 2022.”
