ERP is a multi-pronged bullet. It kills more than process inefficiencies. It also slays many unnecessary, but long-running, wastages as well as delays that hold your business back Imagine a vehicle that is running on two wheels- both of a different size? How well would it move? How far would it go? How fast can it run?
The answer is a no-brainer. And yet, for many years, despite the arrival of ERP, many enterprises have kept moving on processes that work in isolation. Their business functions move without any knowledge of, or alignment with, other business functions. There are many wheels moving at their own axis, pace and routes. How far, and fast, would such an enterprise go? ERP is, thus, not an IT decision. It’s a business re-set shift. Embracing ERP helps an organisation in achieving many new strengths and capabilities. It arms the organisation and its business users to pack away all the weaknesses they were encumbered with.

Advantages of ERP

1. Compact business processes with removal of redundancies
2. Streamlined core business processes like HR, Finance and Supply Chains
3. Tight integration of IT across the enterprise
4. Orchestration of data running over many layers
5. Taut synergy among building blocks straddling all processes
6. Alignment of information at various levels
7. Injection of collaboration in business functions
8. Single-pane-views for all business users
9. Removal of third-party dependencies
10. Data-driven insights and real-time edge for decision-makers
11. Cutting down costs, inefficiencies and latencies
12. Compact business and IT readiness
13. Scalability and flexibility for various business needs
14. Information-driven agility

It is, thus, highly advisable for enterprises to morph from legacy and manual processes towards the world of digitalisation and automation. That’s not a choice anymore. It’s quickly turning into an imperative if an enterprise has to stay relevant and top-of-mind for its customers. The world is buzzing with hand-held devices, smartphones, swipe-away apps and digitalised comfort everywhere. AI and automation have redefined words like real-time and speed in an unprecedented manner. It is crucial that enterprises take the courage to upend what they were used to and move towards new realities.

Migrating to the ERP Paradigm

As they do so, they would need clarity and competence. It’s a path laden with many brave pivots, big shifts and intricate complexities. It will not be a switch-on and switch-off game. It’s a transformation to the core. That’s where the enterprise would need the wisdom, wherewithal and wrenches that an IT expert like Presence360 can equip it with. It would be able to plan and execute the entire ERP leap when it is packed with all these factors:

• Process understanding and architecture knowledge
• Comfort with all kinds of verticals and frameworks
• Ability to create, run and maintain applications for various processes
• Data control and management expertise
• Process reconfiguration and execution capabilities
• Dexterity with new-age tools and software environments
• Fluency with AI, automation and analytics
• Capability for all kinds of formats – from SaaS, Mobile ERP, Cloud-based ERP – to CRM, SCM etc.
• The knack of changing cold data into actionable business information
• Precise ability in designing IT from a business-user perspective
• Data security and governance expertise
• Integration and alignment of various processes
• Creation of compact and tightly-knit processes
• Breaking down business siloes
• Enterprise-wide provisioning and visibility
• Real-time observability and actionability

ERP is a huge change that involves more than changing the wheels. It is about changing the engine too. That iterates the need for picking an expert that brings a driver’s view and not a passenger’s view. You need someone who understands business. Because Presence360 is, itself, a scion of a $360 million conglomerate like SFL. And because it has been reinventing IT for a variety of business verticals. It has transformed retail, finance, manufacturing, public sector and many such organisations- with a proven and wide range of ERP expertise in many industries. Equipped with very advanced and future-looking capabilities of AI, Machine Learning and automation, Presence 360 helps enterprises to plan for tomorrow.

The ERP Age and Beyond

If you look at some reports, you would see that ERP is now a reality and not a novelty anymore. From $71.62 Billion in 2019, it is growing to hit about $114 Billion by 2030 (as per Mordor Intelligence). According to figures from Technavio, this market could increase by $37.66 billion at a CAGR of 10.7 per cent between 2024 and 2029 – and would be driven by increasing demand for operational efficiency and data-driven insights in businesses. This shift is happening because enterprises can do so much more when their processes wield a single system, with real-time data, better productivity, and streamlined-daily operations. They can gain from business speed, better time-to-market cycles, improved performance efficiency, low operating costs, accurate data and enhanced strategic planning capabilities. Their ability to adapt to market changes jumps up manifold. So does their strength in making decisions that are backed by real-time and accurate information. The world is already moving to a new axis. If you have been stuck in the rut, get up and get out. But first, change the wheels.