The future of SaaS based ERP solutions and how providers are working to stay ahead of the curve with new features integrations and technologies
Enterprise resource planning (ERP) software has come a long way in recent years. From on-premises solutions to cloud-based software as a service (SaaS) models, ERP providers constantly work to stay ahead of the curve with new features, integrations, and technologies. In this article, we will explore the future of SaaS-based ERP solutions and how providers are working to stay ahead of the game.
The rise of SaaS-based ERP solutions
SaaS-based ERP solutions have become increasingly popular in recent years. With the rise of cloud computing and the increasing need for remote work, more businesses are turning to cloud-based solutions for their ERP needs. In addition, SaaS-based ERP solutions offer several advantages over traditional on-premises solutions, including:
Lower upfront costs: SaaS-based ERP solutions typically have lower upfront costs than on-premise solutions since there is no need to purchase and maintain hardware or software.
Flexibility: SaaS-based ERP solutions offer greater flexibility since they can be accessed from anywhere with an internet connection.
Scalability: SaaS-based ERP solutions can be scaled up or down depending on the needs of the business.
Automatic updates: SaaS-based ERP solutions are typically updated automatically, meaning businesses always have access to the latest features and functionality.
As a result of these advantages, the market for SaaS-based ERP solutions is expected to continue to grow in the coming years.
New features and integrations
To stay ahead of the curve, ERP providers are constantly adding new features and integrations to their SaaS-based solutions. Here are a few examples of the types of features and integrations that are becoming increasingly common:
Artificial Intelligence (AI): AI is becoming increasingly important in ERP solutions. AI can be used to automate routine tasks, provide predictive analytics, and improve decision-making.
Internet of Things (IoT): IoT devices can be used to collect data that can be used to optimize business processes and improve efficiency.
Mobile Accessibility: Many businesses require access to their ERP solutions from mobile devices. As a result, ERP providers have been focusing on developing mobile-friendly interfaces and apps.
Integration with other software: ERP solutions are often integrated with other software, such as Customer Relationship Management (CRM), to provide users a seamless experience.
ERP providers focus on improving the user experience of their solutions. This includes improving the design and usability of the software, as well as providing better training and support for users.
Emerging Technologies
In addition to adding new features and integrations, ERP providers are also exploring emerging technologies that could revolutionize the industry. Here are a few examples of emerging technologies that are being explored:
Blockchain: Blockchain technology can be used to create secure, decentralized databases that can be used to store transactional data.
Edge computing: Edge computing involves processing data closer to where it is generated, rather than sending it to a central data centre. This can improve the speed and efficiency of data processing.
Quantum computing: Quantum computing has the potential to revolutionize ERP by enabling faster and more efficient data processing.
While these technologies are still in the early stages of development, ERP providers are investing heavily in researching and exploring their potential applications for ERP solutions.
Conclusion:
SaaS-based ERP solutions have become increasingly popular in recent years, offering businesses lower upfront costs, greater flexibility, scalability, and automatic updates. To stay ahead of the curve, ERP providers are constantly adding new features and integrations to their solutions and exploring emerging technologies such as AI, IoT, blockchain, edge computing, and quantum computing. By staying at the forefront of technological innovation, ERP providers are positioning themselves for continued success in the future.
(This article is written by Mr. Ali Hyder, CEO, Focus Softnet, and the views expressed in this article are his own)
