15 Aug The 5 greatest improvements to ERP software in the last 5 years
If you have ever considered making the change to an ERP software system, there is no better time than now to do so. In a world that is constantly changing, ERP software has also had to evolve to meet customers’ needs and stay competitive. The changes to ERP software over the last five years has seen the technology become more accessible and functional for all levels of business.
Here are the top 5 improvements to ERP software in the past five years.
The most well-receiving improvement to ERP software has been the ability to switch to the cloud. With the advancement of new technologies within the enterprise market, cloud computing offers a wide range of benefits for ERP users.
ERP on the Cloud provides users application scalability and business flexibility, with the reduction of implementation time and costs. The cloud also offers greater security measures as the system is frequently testing for vulnerabilities, while securely backing up data. Cloud computing technology has especially made it easier for small and medium-sized businesses to acquire cloud ERP solutions, as it eliminates the management of hardware’s, software’s and upgrades while reducing up-front fees.
Affordable Options for SMEs
Over the last five years, the adoption of ERP systems by small and medium-sized businesses has been on the incline. This is, in part, due to the increase in affordable ERP options entering the market. From niche to industry-specific software, on-premise or cloud solutions, small businesses have a ton of options to choose from.
Since the beginning, Triumph ERP has been specifically designed for small to medium-sized Australian businesses who have outgrown their entry-level software package. It is the most affordable ERP system available on the market, offering the flexibility, power, and reliability to grow with your needs.
Shorter Integration Periods
ERP systems have come a long way in the past 5 years, especially in regards to integration periods. Once an unfortunate consequence of implementation, the shortening of integration periods has been the primary focus of vendors. The declining integration period can be accredited to a number of factors, including cleaner, faster, and more accurate interfaces, or simpler applications. These factors not only help to reduce integration times, but also decrease setup cost and improve effectiveness.
With cybercrime costing Australian businesses more than $1 billion every year, its no wonder security is an increasing concern for both companies and vendors. The sophistication of data breaches has meant that ERP vendors are putting more time and effort into offering top-notch data protection with highly advanced permission protocols, encryption, and high-quality firewalls.
As vendors merge SaaS (software as a service) applications and cloud solution with existing ERP systems, businesses are given the ability to run operations from a single, end-to-end platform. Eradicating the need for different systems or spreadsheets, Triumph ERP takes a whole-of-enterprise approach to monitoring, controlling and automating all business processes. This has greatly enhanced the interconnectedness across offices, departments, and even locations.