The global ERP software market is projected to reach $70.40 billion by 2026 and shows no sign of slowing down. Companies are realising the importance of Enterprise Resource Planning (ERP) software to enable the modernisation of operations, no matter the size of the business or the industry it operates in. With the growing need to monitor consumer data, having a system in place that provides a holistic view for companies to prosper is imperative.
Across industries – from retail to manufacturing to construction – ERP holds the key for businesses wishing to unlock their full potential by automating manual processes, gaining significantly enhanced visibility and improved business security. But for those businesses looking to migrate to an ERP system, they must have a clear and structured vision as to what they want it to achieve and they must select a partner carefully in order to truly maximise its potential.
ERP and its importance
ERP is a complete system, capable of integrating point of sale (POS), e-commerce, Customer Relationship Management (CRM), marketing, order management and inventory, Service Resource Planning (SRP), Business Intelligence (BI) and finance. 2020 will see the emergence of more agile ERP systems come to the fore and increased personalisation due to the likes of new technologies and Artificial Intelligence (AI).
New technologies are changing the way in which organisations function and operate, as a growing impetus is placed on the customer being able to function as seamlessly and effectively as possible. The more data a business can access and utilise, the more competitive it can be. Data can influence the products a business might sell, the areas of the market it can target and in turn, can tailor its services to maximise revenue.
ERP can organise large amounts of data which reduces errors and benefits productivity. This newfound way of working can include

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