Latest ERP Trends
New ERP trends that will transform business operations are expected to emerge in 2023. There is a growing need among enterprises to improve business processes by investing in reliable technology solutions.
ERP Software has already proven to be the solution that helps organizations maintain financial stability by increasing business resilience. Over the past few years, numerous companies across various industries have started to invest in ERP platforms as a way to enhance their management operations, as well as to save time and costs.
The increasing trend of ERP solutions suggests that they will be expanded to more business verticals.
Here we highlight few game-changing ERP trends that will help you stay head in the growing market scenario
Personalized and user-friendly interfaces
The growth of ERP has grown tremendously from manufacturing to other processes. Now it covers almost all the core business processes.
One of the latest ERP trend is the integration of modular business applications to acquire the emerging capabilities. This demands for personalized and user interfaces which can be developed through the low-code/no-code development platform.
Low-code and no-code interfaces can be used to enhance interconnectivity within an ERP system
According to a Gartner study, low-code platform will be at the center of new business application development by 2025.
The advantage of using low-code or no-code development platform is that the cost of application development can be drastically reduced and anyone in your business can quickly build applications to meet challenges. This enable business to deploy new solutions based on the emerging requirements.
Microsoft Power Platform is the best example through which you can develop no-code/low-code custom business applications to expand capability.
Focus on analytics and intelligence
Another ERP trend revolves around focusing on analytics and business intelligence. In 2023, importance on analytics and intelligence has increased as it helps you make better decisions.
With better insights and data analysis capabilities, companies can make informed decisions and adapt to market changes quickly. This trend is expected to continue as businesses recognize the importance of data-driven decision-making and look to ERP systems to help them achieve their goals.
Dynamics 365 ERP offers a range of advanced analytics and intelligence capabilities. The system is designed to collect data from various sources, including customer interactions, sales transactions, and supply chain activities. This data is then analyzed using advanced algorithms to identify patterns, trends, and anomalies, which can be used to improve business performance.
Dynamics 365 ERP also offers predictive analytics, which uses machine learning algorithms to forecast future trends and identify potential risks. This can help companies make informed decisions and proactively address issues before they become problems.
The analytics and intelligence capabilities of Dynamics 365 ERP enable businesses to optimize their operations, improve customer experiences, and stay ahead of the competition.
Utilize cloud based solutions
Prevalence of cloud computing is another growing ERP trend. Existing work culture demands for cloud-based solutions that can be accessed anywhere on any device, giving much flexibility to users while increasing productivity.
Microsoft’s cloud offers many benefits including scalability, cost effectiveness, security, flexibility, real-time analytics, and better data security.
Microsoft offers several cloud-based ERP solutions, including Dynamics 365 Finance and Dynamics 365 Supply Chain Management. These solutions are designed to help businesses streamline their financial and supply chain operations, while also providing advanced analytics and business intelligence capabilities.
Microsoft Cloud services gives a high level of security to protect business data and systems. Microsoft also offers a range of security features in its Office 365 suite of cloud-based applications, including email and file encryption, data loss prevention, and advanced threat protection. These features help to safeguard business data and communications from external threats.
Mobile apps to provide best user experience
With the growing number of remote workers and digital society, mobile devices such as laptops, phones, and tablets have become indispensable to the modern workforce. As a result, there is a significant increase in demand for mobile apps that are connected to company ERP software.
Mobile-friendly ERP is a natural extension of cloud-based ERP that provides users with real-time access to business information and customer communications. By enabling employees to access ERP software on their mobile devices, businesses can improve productivity and responsiveness, while also increasing flexibility and mobility.
With mobile-friendly ERP, employees can access real-time information about sales, inventory, financials, and other key business metrics from anywhere, at any time. This enables them to make better-informed decisions, collaborate more effectively with colleagues, and respond quickly to customer needs.
Mobile-friendly ERP also provides employees with access to customer communications, including emails, chats, and social media interactions. This can help businesses improve customer service and engagement, by enabling employees to respond to customer inquiries and issues in a timely and efficient manner.
Mobile-friendly ERP empowers staff with real-time access to critical business information and customer communications, enabling them to be more productive, responsive, and customer-focused.
Why Microsoft Cloud-based ERP is relevant in 2023?
Microsoft’s cloud-based ERP (Enterprise Resource Planning) solution, Dynamics 365, is likely to remain relevant in 2023 for several reasons:
- Scalability: As businesses grow and expand, they need an ERP system that can handle increased volumes of data and transactions. Dynamics 365 is built to scale with the needs of a growing business, making it a relevant choice for companies that anticipate expansion in the future.
- Accessibility: With the rise of remote work and the need for real-time access to data from anywhere, cloud-based ERP solutions like Dynamics 365 are becoming increasingly popular. Being cloud-based, Dynamics 365 allows companies to access their ERP system from any device with an internet connection, making it a convenient and accessible solution for businesses with remote or distributed teams.
- Integration: Dynamics 365 is designed to integrate with other Microsoft products, such as Office 365 and Power BI, allowing businesses to create a unified, efficient technology stack. This integration can improve productivity and reduce data silos, making it a valuable solution for businesses looking to streamline their operations.
- Automation: Dynamics 365 offers a range of automation tools, including workflows, approvals, and alerts, which can help businesses to save time and reduce manual work. This can be particularly valuable for businesses that are looking to scale their operations without increasing headcount.
- Advanced Analytics: Dynamics 365 includes a range of analytical tools that can help businesses to gain insights into their operations, customers, and performance. With advanced analytics, businesses can make data-driven decisions that can improve efficiency, profitability, and growth.
The scalability, accessibility, integration, automation, and advanced analytics capabilities of Microsoft’s cloud-based ERP solution make it a relevant choice for businesses in 2023 and beyond.
How to buy and use Microsoft Dynamics 365?
It makes sense to rely on the experience of Microsoft Gold Partners.
How IAX SEVICES can help you?
IAX SERVICES, as a reliable Microsoft Gold Partner in the UAE and Dynamics 365 Implementation partner can help you in various ways depending on your specific needs and requirements.
Some of the services they offer include:
Implementation and Deployment: As a Dynamics 365 expert, our consultants help you with the Dynamics 365 implementation, ensuring a smooth and efficient transition to the new supply chain platform.
Customization and Configuration: Customize and configure Dynamics 365 ERP to meet your specific business requirements, including customizing workflows, forms, and reports.
Data Migration: Help you with data migration, ensuring that your existing data is transferred to D365 smoothly and accurately.
Training and Support: Provide training and support to help you and your team get up to speed with new supply chain platform, ensuring that you have the knowledge and skills you need to be successful.
Ongoing Maintenance: Provide maintenance and upgrades, ensuring that the ERP platform remains up to date and in line with your evolving business needs.
Integration and Extension: Help you integrate Microsoft Dynamics 365 ERP with other systems and platforms, and develop extensions to enhance the functionality of the platform.
IAX SERVICES can help you get the most out of Dynamics 365 ERP, providing the expertise, support, and services you need to drive business success.