Can’t Miss ERP Trends for 2020

Enterprise Resource Planning (ERP) software has evolved and adapted to the ever-changing business needs, customer demands and enterprise innovations. Solutions Review has highlighted some major trends we should take note of in 2020.

The Internet of Things (IoT) – Companies can gain valuable insights into how the ERP system performs with the IoT, like how and where the system is used. IoT technology can improve accuracy and expand data availability, which gives rise to intelligent and much more flexible ERP systems as well.

Cloud – A cloud-based ERP system – which is offered to businesses via a subscription model by cloud vendors, is a great cost effective alternative to on-premise systems (no hardware to purchase, etc.) On a cloud server, the capabilities of ERP software are easily accessible from any device that connects to the Internet, making it easier to maintain because there is no on-premise upkeep required.

Artificial Intelligence – AI-enabled ERP (iERP) systems can create an environment where a company’s data is conversational and actionable. These intelligent ERP systems can learn from the data sources, create workflows, and reduce the time it takes to load data and reduce errors in the inserted data.

Mobile – Mobile ERP applications can improve the efficiency of separate business processes too. Mobile ERP can dramatically shorten such risks by sending notifications about delivery troubles. In turn, employees will be quickly informed in order to search for the best solution to avoid losses of time and money.

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