21 ERP Software Statistics that every business should know

#erpsoftware is used by enterprises to simplify and streamline their operations. With the right one, businesses can automate many of their?operations?and get a better understanding of their operations by tracking meaningful data.?

21 ERP Software statistics that every business should know –

1. More than 70% of large enterprises use ERP software. It is the topmost ERP software statistics.
2. It is estimated that the global ERP market will reach $74.2 billion by 2023.
3. Over 53% of organizations have seen a positive ROI from their ERP implementation.
4. Sixty-four percent of ERP implementations take more than six months to complete.
5. On average, ERP implementation costs range from $150,000 to $750,000.
6. As per the recent ERP software statistics, cloud-based ERP solutions are being adopted by 41% of organizations.
7. Over 85% of companies are making investment in digital transformation initiatives.
8. Fifty-seven percent of businesses believe ERP software will help them become more agile.
9. In the manufacturing industry, ERP systems are used to manage 43% of the data.
10. Fifty-four percent of organizations are using ERP to improve reporting and analytics.
11. Forty-two percent of companies have adopted ERP system to support their supply chain operations.
12. Forty-one percent of organizations have integrated ERP software with their customer relationship management systems.
13. Thirty-nine percent of businesses are using ERP to improve their customer service.
14. Thirty-six percent of organizations have integrated ERP systems with human resources applications.
15. Thirty-two percent of businesses are using ERP system to manage inventory.
16. Thirty-one percent of businesses are using ERP to manage their finances.
17. Twenty-eight percent of businesses are using ERP software to manage their production processes.
18. Twenty-six percent of organizations are using ERP application to manage their marketing activities.
19. Twenty-four percent of companies are using ERP software to manage their sales operations.
20. Seventeen percent of businesses are using ERP to manage their R&D operations.
21. Eleven percent of companies are using ERP to manage their e-commerce activities.

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At?Sage Software Solutions (P) Ltd., we are home to world-class?ERP software?and?CRM software?that will solidify your business tech support fundamentals and enable you to build a customer-centric organization. You can also write to us at?[email protected]