The ERP landscape seems to be changing on a monthly basis at the moment and as an independent ERP consultant, it’s a full-time job to stay abreast of these changes! So, to help you to keep on top of things, here is what you need to know:
More Choice in ERP
When ERP first started out it was aimed at specific business processes such as warehouse management, but since the 1990s ERP systems have become much more comprehensive. However, as an independent ERP Consultant we have seen a trend back again towards using more specialised applications for specific tasks such as expense management and human capital management, with the increase in the availability of cloud solutions.
Many ERP vendors are responding to this trend by buying up specialised cloud products and integrating them with their ERP systems, rather than enhancing the core ERP system. This amount of choice can leave many ERP customers unsure about what the best course of action is. You need to weigh up the pros and cons of sticking with you existing provider and out-of-box integration or swapping to a best-of-breed solution – and this is something your independent ERP consultant can help you with.
SaaS vs. Do It Yourself SaaS
Many ERP vendors have focused on providing SaaS (Software as a Service) with many ERP solutions moving towards that model. This is working well for a small part of the market, but there is a larger move towards companies using off-premises cloud hosting for their traditional solution. So, companies are licensing software as if they were using it on premise, but they are running it in a public or private cloud.
Utilising Data More Competitively
The move towards more cloud-based models has many ramifications, including the provision of even more information and data sources to ERP. This data, therefore, allows companies to use predictive analytics to analyse their business operations more carefully.
This is an area that is currently being developed, as companies are only just realising what is possible when aggregating data from outside of their company to make operational adjustments. This amount of data was previously only available to larger companies, but the advent of the cloud has led to small and medium sized companies being able to access it as well. This means that next year there will likely be a move towards larger investments in data analysis by these companies with increased collaboration as well.
More Intelligent ERP Systems
There is also a move towards ERP systems that are more intelligent than in the past and that can give companies more guidance than they have in the past. The things that we have talked about above, such as cloud deployment and predictive analytics, are having an impact on the digital world and will be major considerations when it comes to selecting ERP systems.
One of the best things about all these changes to the ERP market is that they are putting the bigger vendors on the back foot. Because of this disruption, they are being very protective of their core market and using aggressive pricing strategies to remain competitive.
For more information on any of these trends, or to talk about how we can help you with ERP, please give Greenbeam Consulting a call on 0843 523 5630 or send us an email to [email protected]