The global ERP software market could be worth more than $40 billion by the end of the decade as cloud tech continues to cause a paradigm shift in how businesses deploy Enterprise Resource Planning solutions. The market is set to move towards accounting and financial operations with more firms using SaaS solutions to ensure they are compliant with regulations and gaining real-time insights in an increasingly competitive and ever-changing digital landscape.
Forecasts in a Global ERP Market report published by Research and Markets indicates that finance will account for almost a third of ERP spend by 2020, while vertical markets such as Defence and Aerospace will continue to adopt ERP software to improve their operational processes. In particular, these large organisations will move away from outdated on-premise deployments in order to gain data transparency on a real-time basis.
Enterprise software company Sage announced changes to its ERP software offerings this week, stating that the new services would allow firms to be more mobile and less restricted by standalone ERP products. Sage X3 Cloud features ERP applications that have been retooled for the cloud and allow end users to access data and applications across mobile devices without any additional development or coding. Firms can also use the X3 Cloud's integration with other platforms to analyse market trends and improve how they capture and maintain customer relationships.
These new products are also ideal for firms that want to create seamless interactions outside of the ERP system and contribute to a wider culture of simple and intuitive actions for employees wherever they may be. Making it easier for staff to access and manipulate the data they need by enabling the use of multiple applications continues to be a process that sets leaders apart from the laggards. Businesses are also gaining a competitive edge by investing a significant percentage of ERP costs in to training staff so they understand the processes involved.
Aberdeen Group spoke about ways that firms can select the best ERP system in an ERP in Manufacturing report. They said: “The Best-in-Class [ERP software users] know the advantage of making it easy for their employees to actually use the data. The Best-in-Class are 2.7 times as likely as all others to enable employees to complete processes between multiple applications without disruption. They are over twice as likely to have data shared between applications seamlessly and transparently. Thus employees have a one stop shop for data and are more likely to seek it out and use it for all decisions.”
This article has been written by James Hughes - Consultant SAP/ERP and Strategy Practice, if you would like to discuss your SAP/ERP recruitment requirements please contact James on:+44 (0)20 7014 0230 or alternatively send an email to firstname.lastname@example.org.
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