ERP Trends That Will Continue to Accelerate Throughout 2023

Overview:

Year 2023 has lot many things in its kitty. Intensified Russain- Ukrain war, political disturbance in many countries, floods, earthquakes, riots, etc. ?

But amidst these negativities, science and technology has kept its pace up. New trends are emerging, and organisations are trying to come closer to the consumers.

?At this junction, ERP system plays an important role. It bridges the gap between organisations and consumers and save cost.

A quarter of the year has gone! If you have yet not shifted to ERP or are still confused to recognise which ERP trends will continue to stay in times to come, here is this blog at your service.

This will tell you ERP trends which will continue to accelerate throughout 2023. Stay tuned!

Trends that will accelerate throughout 2023:

Trend # 1: Cloud ERP – Cloud technology has been a boon. ??Cloud model offers many benefits to the companies.

• Companies get 24*7 access to the business
• Companies need lesser IT infrastructure and inhouse staff
• User friendly application make it comfortable to operate
• Companies can easily add user and functions for business growth.

With growing business speed, thinning margins, and business demanding faster actions, staying with the business is necessary for organisations.

To meet the requirement, adoption of cloud ERP is going to move on growth trajectory in coming time.

Trend # 2:?Two-tier approach- Many companies deployed same ERPs, both at their head office and at subsidiaries.

While this was a high cost involving act, it also lacked subsidiary specific solutions.?

Therefore, companies started adopting two tier ERP approach. One at the corporate level, with full functionality and critical operations like finance in it.

The other at subsidiary level, with lesser functionality, and more specific solutions.

The core lies in seamless integration of ERPs at corporate and subsidiary level. There are many benefits of this approach, like:

• Better fit with specific solutions as per the needs of subsidiaries
• Businesses becomes more flexible to changing demands and fluctuations
• Higher business autonomy for smaller units, making them more accountable
• Easy management of the organisation as a whole

Trend # 3: Wider use of internet of Things (IoT) – IoT stands on basic understanding of a machine communicating with another devices. This technology helps organisations to:

• Improve asset management
• Improve forecasting
• Enhance inter-departmental communication
• Provide more advanced business intelligence
• Provide better customer service

If companies deploy ERP that have capabilities to make use of IoT, they can provide better products to suite their consumers.

With ERPs enabling to integrate IoT, it will open a new dimension of customer satisfaction. ??

Trend # 4: Mobile access- Mobile ERP and Cloud-based ERP go together. With companies opting for cloud ERP software, they can get the business insights at any time via their mobile.

Companies are looking forward for mobile enterprise solutions that offer robust offline capabilities, including data and process syncing as soon as wifi is restored.

Mobile ERP offers following benefits:

• Allows employees to perform front-end and back-end tasks at any time
• Collaborate with various time zones
• Mobile access supports real-time data tracking and reporting
• Improves productivity and communication

Trend # 5: Personalization – Businesses are expanding vertically and geographically.

Each business has its own needs and requirements. Thus, one size fits all approach can’t help. Businesses need custom and personalized solution for their problems.

Back in time, custom solution was very hard to provide.?With cloud ERP it is now possible. They are developed for easier configuration.

As customers need more personalized solution and experience, newer technological solutions are coming-up that can integrate with Cloud ERPs. One such solution can be chatbots.

These bots can provide answers to specific questions related to the product.

These bots are used to extract information faster, ?that’s precise, and real-time. It takes less time to fetch data and therefore gives better solution.

Trend # 6:?Social media analysis:?The future will also will see greater connection of social media and ERP.

By analysing the social media following, trends and choice of consumer, companies can develop complete understanding of customer.

Companies can develop their product in sync with the choice and trend of the market and keep itself on the top.

Trend #7: ?Advance ERP intelligence: ERP has become more advanced with time. Now, we have platforms that can incorporate new technologies like machine learning (ML), or artificial intelligence (AI).

ML and AI increase data analysis capabilities of ERP solution. These technologies help organisation with many smart solutions like:

• Zero touch automation
• Interactive assistants
• Intelligent advisors

With these solutions at disposals, organisation can reap benefits like:

• Optimized workflows
• Lessen lead times
• Less errors
• Reduced manual tasks and delays
• Greater responsiveness to customer

How does BatchMaster becomes the right solution?

BatchMaster offers unique solutions to process manufacturing industry. With more than 30 years of ERP experience, we know the specific requirements of the industry. With time, BatchMaster has also upgraded itself.

From on-premises to cloud -based to web-based solution, we provide array of solution to choose from.

Going with the trend, the BatchMaster ERP can easily accommodate new technology and provide power-packed custom-solution.

If you are a process manufacturer, and looking for a wholesome ERP solution which is for today and tomorrow, connect with BatchMaster to get details.