ERP software is essential in helping companies run their businesses effectively with their day-to-day tasks. This software is evolving every year. In 2019, companies providing ERP solutions in South Africa have introduced new trends, developments and updates.
What is ERP software?
ERP stands for Enterprise Resource Planning. This software can help a company or an organisation in many ways, such as –
- Some of the core business processes are automated.
- Any omission or mistake is eliminated.
- Information silos are also prevented.
- Work-flow with less errors and delays is established.
- The accessibility and security of data is improved.
Trends in 2019
Most industries have benefited by the latest trends and developments of ERP solutions in South Africa as well as across the globe. Significant ERP trends of this year are explained below in brief.
1. IoT (Internet of Things)
The sharing of centrally stored data is facilitated by ERP systems. The Internet of Things enables data sharing between different devices and platforms. Thus, it improves the power of ERP systems. So, IoT systems, as well as machine learning and AI (Artificial Intelligence), are incorporated into ERP systems to allow performance monitoring and advanced analytics.
2. Cloud ERPs
Cloud-based ERP systems were in demand in 2018, this trend continued through 2019 as well. Although on-premises systems are not completely replaced by cloud ERPs because both systems have advantages and disadvantages, yet the flexibility, better scalability and smoother implementation of cloud-based ERP systems remain undefeated.
3. Solutions relevant to the industry
ERP software is better with customisation because a company needs to have a customised ERP system that is suited to the industry. Thus, it can take care of all the specific requirements of the company. You can also include only the modules and functionality that you require. It will help you save on unnecessary expenses.
4. Security and compliance
The risks of data breaches have been a huge threat due to the rise in cybercrime. Not do the companies suffer from data breaches financially, but their clients are also harmed in some cases which in turn can have a negative effect on public relations. So, software developers are focusing more on data security. New privacy protection laws have also come up. Companies are getting better security and compliance from their ERP software in 2019 to prevent increased data breaches.
5. Increased SME adoption
Not only large corporations but also the number of small and medium businesses choosing ERP systems is steadily rising. This is mainly due to the increased flexibility and affordability of ERP software. It has been noticed that small businesses without centralised systems struggle with incorrect data and poor communication. So, more and more businesses are depending on ERP solutions and running their businesses smoothly and successfully.
With ERP solutions, you can expect your business to grow easily without any obstructions. You may consider the companies offering ERP solutions in South Africa to support your company.
