Companies looking to improve their links across various functions, such as inventory control, accounting, and human resources may find the answer lies in ERP software. Enterprise Resource Planning systems allow businesses to improve their operations infrastructure, enabling businesses to share information and make decisions more quickly across multiple departments.
Enterprise Resource Planning has come a long way in recent years and significant progress has been made to modern ERP business solutions. Many Companies spending for ERP projects is expected to keep growing. 52 percent of Companies plan to invest in significant IT infrastructure and computer upgrades. Some software providers are already making evident changes to their ERP platform design to address such concepts as that of automated business landscape transformation
With ERP investments on the rise, some experts have suggested the technology will significantly impact some industries more than others. According to an accounting and advisory firm, the Manufacturing market, in particular, will be affected by cloud-based ERP software. The company went so far as to say that manufacturers not leveraging this technology will remain stagnant. Cloud-based ERP is not expected to just benefit large manufacturers either. In fact, small and medium-sized companies are already integrating their ERP business solutions with collaboration technologies, analytics and mobile applications to stay ahead of the game.
While such platforms are considered ideal for going head-to-head with competitors, Manufacturers with cloud ERP systems can also establish themselves as industry leaders. One to watch for the Food Manufacturing and Engineering industries across Ireland.