Kerridge CS - Our Blog

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:

If the past year is an indication of things to come - or of the changes that seems to be taking effect since the start of COVID-19, then retailers will most certainly need to adapt as well. One thing is for sure, our business or retail management tools will need to follow suit. Modernising and digitising processes is a key part of those requirements. To keep up with the retail industry’s demands and customer expectations, sleek, efficient and modern customer service will be expected. That means upping your game on the customer’s shopping experience.

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?

Do you keep up with customer expectations, track what your competition’s doing and check whether your business management system’s functionality and performance are on par and keeping up with the times? If your software does not meet current technology demands, it’s time to reconsider your options to modernise and digitise your operational processes.

Businesses need to assess whether they need to implement a new industry related ERP, Retail or Business Management Solution that uses the latest technology or perhaps whether an upgrade to the latest version of their current systems will be sufficient.

Digital transformation has been a big topic for a long time now, but since the start of COVID 19, businesses have realised the urgency to adapt and to make those changes at a quicker pace.

ERP systems have become an integral part of digital transformation in the business environment of today. It pulls everything together and allows for greater automation, digitisation, modernisation and streamlined operational processes.