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Technology is evolving at a lightning-fast pace, so is Enterprise Resource Planning.
ERP (Enterprise Resource Planning) software can significantly help manage every process of a business , whether it is the purchase, sales, accounting, human resources, or marketing.
ERP today is the outcome of over four decades. This is because of the continuous advancements taken place in buyers’ behavior, market conditions, competition, and technological innovations. Modern-age ERP allows organizations to achieve excellence in their operations and meet their financial goals without any friction.
The below-mentioned 10 latest ERP trends to watch out for in 2022 can help you make the right purchasing decision, and efficiently unify critical business functions which would further benefit your business..
Let’s now dive in-depth into each of these ERP trends.
#1 Artificial Intelligence Will Dominate Along With Machine Learning
Artificial Intelligence (AI) contributes to a great extent when it comes to transforming the way ERP operates within organizations digitally. Whether it is about automating repetitive tasks or proactive problem solving, AI can help you mitigate inefficiencies and improve productivity within your business organization. AI takes ERP integration to the next level through predictive analytics and hyper-automation, leading to better decision-making and enhanced customer experience. Precisely, AI-enabled ERP systems using machine learning, natural language processing, and chatbots can help you achieve your ultimate business goals – reduced costs, high productivity, and improved operations.
#2 Cloud-Based ERP To Witness Highest Growth
Cloud ERP system, also known as SaaS ERP software, has been in use for a long time. But, after the emergence of the pandemic, businesses have started giving more importance to cloud technology because of easy implementation, low deployment cost, and enhanced collaboration features it offers. The demand for cloud-based ERP is growing as it is capable of extending access to real-time information, facilitates remote working, and at the same time ensures high-end data security. Moreover, deploying a cloud-based ERP software doesn’t require a huge upfront investment, advanced technical infrastructure, and resources, making it a favorable option for small and medium enterprises too.
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