ERP Trends To Watch Out For In 2021

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ERP Trends To Watch Out For In 2021
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• In todays rapidly evolving technology landscape,
  enterprises are constantly on the lookout for
  flexible software solutions to streamline their
  processes and strengthen their expertise. While a
  majority of enterprises use ERP solutions, it is
  equally important to keep them up-to-date to keep
  pace with the latest technological advancements.
  Security limitations, soiled information, and
  spreadsheet dependence are a few of the
  disadvantages of legacy ERP systems. As a result,
  it is essential to upgrade your existing
  enterprise systems to sustain the cut-throat
  competition and volatile market conditions.
• Understandably, keeping up with the latest ERP
  trends is advantageous to both the consumers and
  service providers. As we approach the year 2021,
  we are going to see many advances in the field of
  enterprise resource planning. Lets explore the
  top ERP trends that will dominate the year 2021.

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• Cloud Adoption
• Cloud-based ERP systems are likely to go
  mainstream in the coming years and were going to
  see significant progress in 2021. ERP
  applications were initially offered as on-premise
  solutions with startup fees and hardware costs.
  As such, they were too expensive for small
  businesses and many enterprises refrained from
  investing in ERP software development. With the
  advent of cloud computing, more vendors are now
  offering cloud-hosted solutions. It makes ERP
  systems more accessible to SMBs and users no
  longer have to worry about expensive system
  maintenance and upgrades.
• As of today, SaaS ERP solutions are now
  dominating the market with the increasing
  adoption of cloud-based models. Companies using
  on-premises ERP are realizing its limitations
  including inflexibility, cost scaling, and lack
  of innovation. It is, therefore, quite evident
  that cloud adoption is going to play a vital role
  in improving present-day ERP systems.

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• Artificial Intelligence (AI) Integration and
  Other Smart Tech
• In many cases, enterprises need to install
  additional plugins to their ERP systems for
  performance enhancement or feature extension.
  However, its becoming increasingly common these
  days for ERP solutions to have such
  functionalities built-in.
• An ERP system with artificial intelligence
  features (also known as iERP) enables companies
  to automate their complex business processes
  through intelligent data processing methods.
• There is enormous structured or unstructured data
  for companies to collect. Hence, they need to
  find ways to analyze this data and extract value
  out of it. In such instances, AI-driven ERP
  systems can be used for data mining and big data
  analytics. They can create workflows, reduce
  errors, lessen information loading time, and
  more.
• An iERP solution can also analyze historical data
  and combine it with information from other
  departments. It aids decision making processes
  with accurate risk assessment and forecasting.
  AI, in addition to other next-gen technologies,
  when combined with ERP, can significantly enhance
  an organization's productivity and operational
  efficiency.

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• Increased Adoption of Mobile Apps
• Complete mobile support will be among the basic
  functionalities of a modern ERP tool. Apart from
  providing on-the-go access to data, the mobile
  approach in ERP brings a plethora of benefits.
  One of the obvious capabilities is to perform
  business operations anytime and anywhere. It
  means that both back-end and front-end activities
  are available on mobile devices such as
  smartphones and tablets. For example, employees
  working outside office premises can close deals
  even from home. It is possible because of the
  easy access to all the information and tools they
  require in one place.

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• The modern-day ERP systems are rapidly
  progressing and changing the way companies do
  business. More advanced technologies are added to
  ERP systems every year to drive efficiencies. It
  will continue its growth with many changes coming
  into the picture by 2021. Future ERP trends
  indicate that we will see buyers move to the
  cloud as vendors offer personalized solutions
  with continuous updates. Companies are adopting
  new technologies like AI and IoT to edge ahead of
  their competitors. To accommodate these features
  and challenges, companies must put more effort
  into ERP implementation than ever before.
• We, at Oodles ERP, provide end-to-end ERP
  software development services to address varied
  business requirements of our clients. We have
  established ourselves as a seasoned ERP
  development company that enables organizations to
  gain better control over their resources to drive
  profitable returns. Our ERP development services
  bridge the gap between all the important business
  functions and bring them under a
  centrally-managed software platform. For
  project-related queries, drop us a line at
  erp_at_oodlestechnologies.com.