It Is Not Too Late to Catch the Opportunities Created by the Pandemic!

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We are quite sure that nothing will ever be the same again after the Covid-19 outbreak. Nowadays, uncertainty dominates all areas of life, businesses are forced to make tough decisions. Especially, companies that realize that technology is the only way out of this situation want to have the right infrastructures as soon as possible. ERP, which has been vital in terms of managing business processes for many years, now proves its benefits.

pandemic

Pandemic Reveals the Importance of Cloud

While pandemic continues to cause many damages, it also shows our bottlenecks.
It allows us to understand how good the decisions were made in the past. We are
in a very convenient period to test the deficiencies of old systems and the
advantages of new ones.

ERP remains a key and critical business component.  In many industries, they have yet to move to the cloud, where it can be better secured, easier accessed, and cheaper.  COVID-19 highlighted the importance of cloud software to be able to respond to the pandemic.  The industry responded immediately adding functionality to better track COVID-19 supplies, account and track business expenses related to the pandemic, and helped add HR functionality to communicate and track employees.  I think ERP is more critical now as the backbone of all companies to be up to date and in the cloud.

Small
Businesses Have Big Problems

The pandemic is
affecting all industries in some way, whether it be healthcare on the front
lines or our food supply businesses struggling to keep up the supply
chain.  The world is a different place,
with social distancing becoming the norm. 
Many businesses had to close while they adapted to the new CDC
guidelines, balancing revenue with employee and customer safety concerns.  I feel larger businesses may have the cash
and credit to absorb this far more than small businesses.  It is estimated that 10% of small,
independent restaurants won’t be able to reopen for example.

Technology has been at the center of our lives, especially in recent
years. Now, with COVID-19, this position of technology has become even
stronger. In particular, we can say that the demand for technological tools
will increase when this situation ends.

A New Remote World

Already you are seeing changes in all aspects of our life.  From limiting customers in establishments to taking temperatures as employees enter the workforce.  Work has also shifted from being performed in a building to working from home for a majority of businesses.  This will be a trend that will be hard to reverse.  I think commercial real estate will plummet as employers realize they can operate in a remote world. To enable this, technology has risen to meet the needs, from telemedicine applications, conference software, and collaboration tools like Microsoft Teams.  The biggest difference is the reliance and focuses on technology have unleashed a flood of innovation around these technologies that will continue into the future.  Consumers will demand an Amazon-like the experience of technology in all aspects of their lives.

Perfect Time for Digital Transformation

Everything needs to
be rethought – work, processes, tools, technology…  This IS THE PERFECT TIME for digital
transformation.  Companies are seizing
the opportunity to bring in digital workers vs. human labor in low value,
repetitive jobs.  With minimal investment
companies can reap large rewards over time if they act now.

The post It Is Not Too Late to Catch the Opportunities Created by the Pandemic! appeared first on ERP News.

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