The Wetland of ERP

The business realm over the last 20 months has witnessed more digital transformation than the entire yester decade. The evolution of Enterprise resource planning (ERP) solutions has been one of the major driving factors. ERP solutions today have matured and extended their capability to support almost every business function at scale, ranging from back end departments like accounting, HR, procurement and manufacturing to front office functions like salesforce & marketing automation.

Let alone enterprises, even the MSMEs and startups find it easier to bank on ERP, owing to data driven

technologies and the dire competition prevailing in the segment. The traits like the scalability and affordability help them not only cut costs by getting rid of dispensable processes and automating mundane tasks, but also to provide employees actionable information that will help them make better decisions, much faster than ever before.

The future looks bright as a day. With cloud being the new normal, digital transformation being inevitable for businesses across the spectrum, and 5G network expected to bring the network latency down, it's the best time to be in the ERP software industry. In the global market, the whales still run the show, including SAP, Oracle, Microsoft, Epicor and Infor. According to marketsandmarkets.com, the global cloud ERP market is expected to grow to $101.1 billion by 2025 at a CAGR of 17.4 percent. This can be interpreted as huge opportunities for autonomous as well as solution partners of any size. The key to success in both the cases revolves around meticulously understanding the local businesses, having the knowledge of the latest technologies, and hence finding the right formula to build ERP solutions that not only solve challenges for customers, but also enhance their business outcome.Do let us know what you think!