Features of an Effective ERP System
ERP systems are witnessing a gradual shift as enterprises are looking for ERP development in the cloud. ERP system using cloud services will be more efficient as cloud services will make information more accessible and affordable.
ERP systems were first developed in 1960 to control inventory and other basic manufacturing processes. The ERP systems have become more elaborate now as it has moved from controlling the shop floor to managing back-office functions, including accounting and human resources. As the ERP systems are moving towards cloud services, here are some of the features for an effective ERP system:
Consumerization: Social media platforms and its extensive uses have forced the enterprises to use innovative ERP systems, as employees don’t expect to work on archaic and unresponsive legacy systems. Consumers and employees will have a significant role in the shaping of modern UI systems. Organizations need a system that can support multi-team collaboration, user collaboration, and dashboard customization.
Mobility: IoT devices are growing rapidly in recent years. Users of an ERP system want to access their enterprise data anytime and anywhere with their mobile devices. Mobility will ensure greater speed and efficiency for operations in an organization. Remote working teams can also access the ERP system using mobile devices.
Business Intelligence: The use of business intelligence for ERP systems can be a tool to produce strategic leverage. Business intelligence can be a milestone for good ERP systems as its usage goes well beyond compiling reports. With companies investing in AI-based application, it’s imminent for ERP systems to integrate with artificial intelligence and machine learning techniques. AI-based ERP systems will have an advanced analytics tool with a great flow of automation and intelligent interfaces.
Partitioning: Consumer expectation has shifted from a single solution provider to a fit-for-all purpose solution. An effective ERP system should ensure that it can handle the challenges posed by the cluster of solutions. ERP systems should also be able to integrate independent applications and data from multiple sources.
Cloud ERP Vs On-premise ERP
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