ERP and Digital Transformation
The current thriving digital culture is no doubt changing the face of businesses. The rise of new technologies requires businesses to evolve to thrive in this digital age characterized by digital transformation.
So, what is digital transformation? Digital transformation is basically adopting digital processes and tools to achieve your business goals. With each passing day, digital transformation is more vital for organizations to deal with a competitive and challenging business environment.
An article by erpnews.com, posits that operational efficiency is the driving force behind integrating digital transformation in the workplace. As we live in the digital age, the ultimate goal of digital transformation seems to transform our daily lives by bringing more comfort and convenience.
ERP, which is the first and most important step of digital transformation, plays a crucial role throughout the process of digital transformation. As per the Panorama Consulting Solutions report, about 81 percent of companies are either in the process of implementing enterprise resource planning software or have completed integration. Globally, over 50,000 companies have integrated SAP Business One.
Katie Slimov of erpnews.com presents a couple of ways in which integrating an ERP solution 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 analyse the user’s data to come up with a better outcome.
Effect of cloud-based ERP
Integrating our ERP solution on the cloud 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.
Digital transformation has opened doors of 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 made possible by ERP solutions contributes to the digital transformation of your business.
SAP Business One for example offers a great scope for integration and this helps expand the reach of various tools and transforms various business processes. For this reason, your business has the advantage of leveraging the benefits of a thriving technology.
Extensions are available
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.
Digital transformation always requires an upgrade of some sort and with an ERP solution, the ability to handle a growing amount of work is guaranteed.
Scalability therefore remains one of the greatest advantages of an ERP solution. With SAP Business One, you can simply upgrade your system as your business grows thus enabling you to not only be digitally transformed but to also stay ahead of your competitors.
ERP solutions can therefore serve various business objectives with ease, but at the end of the day it is important to remember that ERP solutions software also have some limitations and as a result, companies providing the solutions 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.
ERP therefore remains one of the most common 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.
Article by Katie Slimov of erpnews.com