How can you identify the latest ERP system trends?

1 Cloud-based ERP

One of the most prominent ERP system trends is the shift to cloud-based solutions. Cloud-based ERP systems offer several advantages over traditional on-premise systems, such as lower upfront costs, scalability, flexibility, accessibility, security, and integration. Cloud-based ERP systems also enable faster and easier updates, maintenance, and customization, as well as better data analysis and reporting capabilities. However, cloud-based ERP systems also pose some challenges, such as data privacy, compliance, migration, and vendor dependency. Therefore, you should carefully assess your business needs and expectations before opting for a cloud-based ERP system.

2 Artificial intelligence (AI) and machine learning (ML)

Another major ERP system trend is the integration of artificial intelligence (AI) and machine learning (ML) technologies. AI and ML can enhance the functionality and performance of ERP systems by automating tasks, optimizing processes, improving decision making, and providing insights and recommendations. For example, AI and ML can help with demand forecasting, inventory management, quality control, customer service, and fraud detection. However, AI and ML also require significant investments, skills, and data quality to implement and use effectively. Therefore, you should evaluate your current and future capabilities and requirements before adopting AI and ML in your ERP system.

3 Mobile and social ERP

A third ERP system trend is the adoption of mobile and social features in ERP systems. Mobile and social ERP systems allow users to access and interact with ERP data and functions from any device and location, as well as to communicate and collaborate with other users and stakeholders. Mobile and social ERP systems can improve the productivity, efficiency, and engagement of employees, customers, and partners, as well as provide real-time feedback and insights. However, mobile and social ERP systems also entail some risks, such as data security, user adoption, and compatibility. Therefore, you should consider your business culture, objectives, and policies before implementing mobile and social ERP systems.

5 User experience (UX) and personalization

A fifth ERP system trend is the improvement of user experience (UX) and personalization in ERP systems. UX and personalization refer to the ease of use, accessibility, and satisfaction of users with the ERP system interface, design, and functionality. UX and personalization can affect the adoption, performance, and loyalty of users, as well as the overall value and return on investment of the ERP system. Therefore, you should look for ERP systems that offer intuitive, responsive, and customizable interfaces, as well as options to configure and customize the system according to your preferences and needs.

6 Business intelligence (BI) and analytics

A sixth ERP system trend is the enhancement of business intelligence (BI) and analytics in ERP systems. BI and analytics refer to the ability of ERP systems to collect, process, and present data in a meaningful and actionable way. BI and analytics can help you gain insights, identify patterns, monitor trends, and make informed decisions based on your ERP data. Therefore, you should look for ERP systems that offer advanced and integrated BI and analytics tools, such as dashboards, reports, visualizations, and alerts, as well as options to access and share data across different platforms and devices.