ERP And Digital Transformation Go Hand in Hand
ERP software can transform your
business digitally. A robust ERP system can have a significant impact in modern
business and digital transformation.
Digital transformation is the
order of the day to deal with a competitive and challenging business
environment. Therefore, we witness that established as well as mid-sized
companies invest significant amounts of money and time in implementing digital
transformation strategies. Entrepreneurs also tend to keep the objectives of
more efficient enterprise resource planning (ERP) and more productivity in mind
while adopting digital transformation.
Simply put, the process efficiency or operational efficiency
is the driving force behind integrating digital transformation in the
workplace. Today, thanks to advancing technology, emerging concepts like ERP,
big data, analytics, and IoT (Internet of
Things) are included to reach the desired outcome of digital transformation.
But how can ERP shape digital transformation?
Importance of digital transformation
As the term suggests, digital
transformation is a process that leads business operations toward a digitalization,
thereby leveraging the disrupting technologies for increasing productivity and
efficiency.
For example, the rise of cab-hailing
startup Uber is largely attributed to digital transformation. The company has
successfully integrated a mobile app in its system to bring automation and
convenience in the user’s life.
Digital transformation aims to bring
inclusive growth for the company. It helps companies to improve customer
services and maintain compliance with the prevalent laws. As we live in the
digital age, the ultimate goal of digital transformation seems to be to
transform our daily lives by bringing more comfort and convenience.
ERP plays pivotal role
ERP has a major impact on digital
transformation. It has the capability of bringing revolutionary changes in
various processes of modern business.
As per the report, about 81 percent
of companies are either in the process of implementing enterprise resource
planning software or have completed integration.
In today’s mobile-driven age, ERP
can enable companies to offer the benefits of mobile apps and cloud-based
solutions to employees and stakeholders. The implementation of the software can
simplify key business functions like finance management, accounting, and
inventory management.
Furthermore, ERP tools have
extensions to connect with social media platforms for transforming the user’s
social accounts.
Here are six major ways in which ERP
can contribute to the digital transformation of your business.
ERP is here
Ever-changing requirements and
growing competition in modern business have given rise to i-ERP or intelligent
ERP. It aims to bridge the gap between the existing technology and business
challenges. i-ERP is even more useful if integrated with other advanced tools
like analytics and AI. It can analyze the user’s data to come up with a better
outcome.
Effect of cloud-based ERP
Cloud integration is another benefit
of ERP that gives it a capability of furthering digital transformation. From
anywhere access to better utilization of available resources, cloud-based
software can work wonders in the organization. It can also act as an extension
of an existing ERP system; thereby accelerating the pace of transformation.
Competitive edge
Digital transformation has opened
the doors for new opportunities for industries. The same is applicable to the
ERP software as well. Vendors tend to develop customized solutions by
integrating robust features and improved functionality these days. It can
certainly give your business a competitive edge in the long run.
Improved integration
ERP software can perform various
tasks through various features. In a way, it offers great scope for
integration. Salesforce has integrated ERP functionalities into the CRM
(Customer Relationship Management) system. Such integration can expand the
reach of various tools and transforms various business processes. As a result,
your company can leverage the benefits of a thriving technology.
Extensions are available
As we mentioned earlier, integration
of ERP systems with analytics tools, social platforms and cloud technology can
simplify complex business tasks. This is possible through various extensions.
It can widen the range of functionality of your existing system and unleash the
potential of ERP to transform the business digitally.
Also, advancing technology can
provide various extensions to be integrated for obtaining a desired outcome in
the future. For example, your company may grow in scale and size or you want to
diversify business in the future. Extensions can make your ERP software ready
to handle such tasks with ease. It is fair to say that it ultimately transforms
your company digitally.
Enhanced scalability
Last but not least. Scalability is
one of the best characteristics of ERP software. Being scalable, ERP can handle
various business tasks irrespective of the size of your organization. What’s
more, technological advancements can bring new features and tools to make the
ERP system more scalable and robust. You can just upgrade the system to stay
competitive with scalable ERP.
From the aspects of convenience and
cost-effectiveness, periodic upgrades of the ERP software are way better than
replacing existing ERP systems. You can readily integrate the latest features
and improve performance by updating the ERP version. It also contributes to
bringing automation and digitalization in your business.
Conclusion
When we say ERP can serve various
business objectives with ease, we should remember that the software development
process is full of challenges.
Vendors need to overcome these
difficulties while developing a user-friendly and enterprise-friendly system.
Once this is done, we can certainly expect the digital transformation from ERP
solutions.
When it comes to industrial IT
solutions, ERP remains one of the most prevalent solutions to enhance
productivity and increase efficiency of the workforce. The software can
certainly help you implement a complete digital transformation in your company.
You can unlock great potential with it and keep your business ready for future
challenges by ensuring the maximum utilization of available resources.
Frontline Information Technology is a major ERP company in ERP Software development
services and we design and give tailor-made solutions for any company coming in a small, mid or large cap. We develop customized solutions
for industries to meet the flow and standards practice by them in different
segments.
If you are looking for a Custom ERP solution for your company, you can contact and reach us. We are ready to understand your
needs and will give you best solution to meet up your requirements.
For more information to consider when selecting
a construction and asset centric ERP Software Modules, kindly go through our
website: - www.fit.ae
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