ERP Trends for 2022
With Enterprise Resource Planning (ERP) projected to grow in 2022, business leaders are keen to further understand the capabilities this software can provide.
ERP software can significantly help manage every process of a business from marketing to sales to human resources. Due to its importance, the software is constantly evolving, providing added benefits for organisations such as increased connectivity, flexibility and agility. Today ERP software helps organisations achieve operational excellence and realise their financial objectives. To better understand how an ERP solution can support your business, let's explore five of the ERP trends predicted for 2022.
More Personalised ERP
In 2022, one-size-fits-all ERP solutions will be a thing of the past. Solutions such as Dynamics 365 already come with tools to help create personalised experiences. With a focus on ease of use and accessibility, ERP solutions will become more tailored to the end-user relying on self-driven tools that begin with analysis and lead the end user onto deeper business conversations. In addition, increased adoption of technologies such as AI and low-code will further drive up this trend, allowing organisations to create an ERP solution that is more aligned to their individual business needs.
Adoption of Mobile
A day-to-day necessity for most in the developed world, mobile phones have become a go-to for accessing information, allowing employees to quickly and easily tap into the business information needed regardless of their physical location. Downloaded historical data is no longer enough to remain competitive with your teams needing instant access to real-time information and the ability to complete tasks on the move. Mobile support for ERP addresses this need while encouraging employees to collaborate, especially workforces that are in a different time zone and have different work schedules.
Growth of Cloud
The number of organisations moving their ERP systems to the cloud will continue to grow in 2022 as more and more organisations realise the benefits of cloud computing and seek to increase business resilience and flexibility in the wake of Covid-19. Proven to drive increased agility, support enhanced customisation and simplify the application of system upgrades/updates, cloud-based ERP solutions have gone from strength to strength in recent years with this growth expected to continue in the months and years ahead. Deploying a cloud-based ERP is also an increasingly appealing option from a financial perspective, eliminating the cyclical upfront capital investments associated with system upgrades and reducing costs associated with advanced technical infrastructure and resources.
Real-Time Data Insights
In 2022, there is expected to be a greater focus on support for real-time data insights with leading ERP systems making real-time data a core feature. One key benefit of real-time analytics is that it helps organisations maintain a smooth business operation by seamlessly communicating all relevant data across all departments. Modern ERP systems will continue to focus on providing reliable information in real-time, enabling organisations to make smarter decisions faster in 2022 and beyond.
Supply Chain Management
Supply Chain Management has become very topical for 2022 with the use cases for AI in supply chain management seeming limitless. This year, many organisations will seek to realise the advantages of such technologies including enhanced visibility across their supply chains and the flexibility of having different sourcing approaches. AI in supply chain management comes at a time when organisations are looking to become more efficient and minimize inventory and shipping costs. Other responsibilities include meeting short delivery schedules and satisfying increasingly difficult customer expectations. With these pressures, 2022, will see a lot of investment from vendors in using AI to enhance transportation, global trade management, supply chain planning and multi-echelon inventory.
If you would like to learn more about ERP implementation, get in touch today to speak to one of our solution experts.