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ERP systems have evolved quite a bit over the years. There is no longer a question around whether an ERP system would be beneficial or even necessary for the modern day business. It has become an absolute necessity.

The question now is more based around what would best suit your business or industry and whether you are ready for a cloud hosted system or perhaps still opting for an on-premise server.

The Covid-19 pandemic have most certainly sped up the move towards digital transformation and that includes the adoption of cloud technology. This is especially relevant for those enterprises now moving towards the remote or hybrid working models or looking to increase productivity, or to lower operational costs or even to digitally transform to name a few.

Here’s how a cloud ERP system can make a difference:

The ongoing Covid-19 pandemic has slowed some industries and rallied others to rethink their business and investment in technology or software solutions. Most enterprises prioritise the minimising of risks, aiming to become more efficient and cost-effective, especially in crisis mode. This is where ERP systems have become the star of the show and they have most certainly helped many businesses weather some of the most recent storms.

On 1 July 2021 several changes were implemented within the South African automotive aftermarket industry. These changes provide a more inclusive and a more competitive environment for aftermarket traders and Independent Service Providers (ISPs).

According to the Competition Commission, these guidelines address the lack of competition and consumer choice in the sale and fitment of spare parts and for the service, maintenance and mechanical repairs of insured vehicles as well as vehicles under warranty.

Herewith some of the changes that the automotive aftermarket industry needs to adhere to:

According to Gartner, ERP systems have entered into its 4th era of development, defined by superior data-centric, AI-driven, agile and customer-facing systems. Why is this so important for commercial enterprises?

By 2023, it is estimated that 65% of organisations will use ERP applications, encompassing the attributes of its fourth era, from strategic planning to predictable data analytics and more.

This represents a major shift from the limited resource planning role of the earlier traditional ERP platforms, then perceived as just another piece of IT software to be implemented.

With more cloud infrastructure and powerful data-driven processes incorporated in modern software, high-performance ERP systems cater to nearly every business, industry, and requirement these days.

Gartner predicts that by 2023, 65% of organisations will use ERP applications to optimise business operations and improve customer service using analytics and intelligent decision-making. Smart and strategic ERP platforms will prevail.

This is a game-changer for the mid-market business sector. Previously, small and medium sized businesses had to raise investments to compete with large enterprises for speed, reliability or efficiency. The latest advancements in cloud ERP finally level the playing field.

Integrated cloud ERP solutions draw on all the necessary resources and power (thanks to the cloud) to automate and improve operations, e.g. update remaining stock, quote and invoice customers, record sales transactions or analyse customer data.

As Gartner explains, the need to create, manage and understand data is paramount to the business ecosystem, customers, suppliers, partners, competitors and stakeholders. Modern ERP systems rely on robust data management and analytics.

Here are five ways ERP systems are changing the way businesses operate:

Software is no longer the exclusive domain of large-scale enterprises. With technology constantly advancing, a new generation of software solutions has come in to play. Retailers of any size can now leverage this evolution. Here are five points to keep in mind:

The past 12 months proved just how essential it is for businesses to prepare for disruptions that may come in different forms. One term you might have encountered recently is ‘circular economy’ - and it’s considered one of the core ways in which companies can build resilience, while enhancing their environmental credentials.

But what exactly is a circular economy? And how can ERP software help businesses prepare for a more sustainable future?