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For several years, ERP has been serving like a super-glue that connects critical business operations within an organization. Several businesses and industries are at the receiving end of tasting digital transformation investing heavily in digital tools and technology as a part of their digital transformation strategy.
What exactly is digital transformation?
Digital transformation is a comprehensive term covering each aspect of changing technology in an organization. Nevertheless, the organizations that succeed in the race of digital transformation are the ones that can keep pace with the changing face of processes powered by new enterprise technology tools.
Technology today has evolved to a point where we are flooded with plethora of options in the marketplace. For instance, there are traditional ERP solutions, there are mobile ERP solutions, there are cloud based ERP systems, and all kinds of enterprise solutions allowing businesses to sneak behind the traditional world of enterprise technology.
ERP solutions play a pivotal role in terms of backend office operations, accounting, inventory management and finance management. A few years back, having multiple systems posed negative implication, since users were more concerned about single or unified sources of information and complex integration problems. Nevertheless, digital transformation has paved way for better migration, integration and business intelligence that can tie multiple pieces of data throughout an organization.
In order to address this concern, enterprise technology systems have started to move towards a more flexible and service-centered architecture that can be deployed as well as designed in a modular manner. The prime benefit of such a flexible and modular architecture is its ability to split each function. The reason being that today the ‘one-size-fits-all approach’ no more works when it comes to ERP solutions. Today’s ERP systems support multiple user interfaces accessed by the end users making it a cakewalk to develop test run and maintain the applications, since changes executed in one module won’t affect other modules.
In fact, ERP vendors and providers are doing their optimum-best to embrace new technologies like machine learning. Imagine if we can leverage the potential of machine learning to optimize internal business operation such as accounts payable automation.
Though the traditional approach may still sound relevant when it comes to core ERP systems, but we ought to try and run new process, approaches and models, but in an agile manner, because success for future breed of ERP solutions depends on better risk management and change management.
This is how we deem the future of ERP in today’s era and how it can play a crucial role in digital transformation. There’s a lot to ERP beyond the core business operations and it’s time vendors and providers offer their customers with forward-thinking and cutting-edge ERP systems that perfectly align with new and changing business models/needs delivered through agile methods or risk turning obsolete!
To help you get the most out of your ERP investment, REACH US HERE. Sage Software Solutions (P) Ltd. has been implementing state-of-the-art and flexible ERP solutions for over three decades. You can also drop us a mail at email@example.com for free demo and consultation.
Disclaimer: All the information, views and opinions expressed in this blog are those of the authors and their respective web sources and in no way reflect the principles, views or objectives of Sage Software Solutions (P) Ltd.
Sources: henrikmarx, Intergen and Data Center Knowledge