
Three Key ERP Trends to Watch out for in 2021
In the face of economic uncertainty, several CFOs are boosting their investments in cloud ERP to save money and better serve their remote workforce.
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CIO Applications Europe | Wednesday, September 08, 2021

In the face of economic uncertainty, several CFOs are boosting their investments in cloud ERP to save money and better serve their remote workforce.
FREMONT, CA: Businesses are adopting cloud ERP for different reasons, including ease of setup, lower costs, elasticity, additional functionality, decreased reliance on internal IT resources, and the ability to scale users and functions as the company grows. Because cloud-based apps allow employees to work from anywhere with an internet connection—they are not forced to be in an office—the epidemic has emphasized the value of cloud ERP and has sped the transition away from on-premises software. Here are three ERP trends to watch out for:
Digital Transformation
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Integrating digital technology into all corporate functions to improve daily operations is referred to as digital transformation. This strategy can increase revenue and competitiveness while also enhancing employee productivity and customer service, and communication. Because an ERP system affects almost every aspect of a business, it's an excellent place to start when facilitating this shift.
Personalization
Companies require ERP systems that suit their needs, such as highly customized dashboards, as they focus on providing customers with more personalized, relevant experiences. The popularity of AI-based assistive and conversational user interfaces like chatbots, which can understand user voice or text input and react to inquiries using customer and order information held in the ERP, is one new trend.
AI-Powered Insights and Improvements
Artificial intelligence and machine learning capabilities built-in ERP systems work in the background to help meet the rising demand for personalization and improve a wide range of business processes. While firms could previously add AI functionality to some ERP systems, more vendors are now offering ERP software that includes these features out of the box.
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