Over the course of time, Enterprise Resource Planning (ERP) has been transforming the industry in accordance with the needs and demands of customers and businesses along with innovations and advancements in technology. As a critical component of businesses, they need to invest more in researching about the right ERP solution providers as well as the emerging trends in the market. As a result, ERP solution providers are looking into cloud technology, artificial intelligence (AI), ERP mobility, Internet of Things (IoT) and other revolutionary technologies.
Nowadays, ERP solutions have become versatile enough to cater to both small and large organizations in running their business. Previously, ERP software was available only as an on-premise solution, which was expensive for small and medium businesses (SMBs) due to high initial costs and hardware costs. However, more enterprises are transitioning to the cloud to manage and update their operations with less investment and cloud based ERP is expected to skyrocket in 2021. In addition to this, solution providers are adopting the Two Tier approach for ERP in enterprises. Organizations are deploying an existing ERP solution at the corporate level (Tier 1) while the branches and affiliates are using a separate ERP solution (Tier 2). This is in contrast to the historical approach wherein a single large ERP solution was used for both headquarters and branches which was a costly affair. All these advancements in ERP have made a vast inflow of complex and unstructured data possible. AI helps to analyze it in order to use it effectively. Intelligent ERP (iERP) analyzes historical data and information and helps to make better decisions, minimize errors and automate repetitive tasks.
To help enterprises navigate through world class solution providers, CIOApplications Europe has compiled a list of the top 10 ERP solution providers. This edition also features insights from industry experts on the latest trends, advice and innovations for upcoming leaders. We present to you CIOApplications Europe’s “Top 10 ERP Solution Providers – 2021.”
