ERP FOR DIGITAL TRANSFORMATION

ERP for Digital Transformation

As we’ve discussed in previous blogs, digital transformation is more than a new mobile application, it’s the response or actions an organization takes as they begin to adopt, implement, and conquer technological advances. This goes beyond the traditional roles of sales, marketing, and customer service. With new technology, organizations have the necessary tools re-examine business processes to keep up with competitors and meet changing market demands.

Tip: To learn more about what digital transformation means, read the blog: Digital Transformation – Everything you Need to Know.

When looking to implement a digital transformation strategy it’s important to consider your options. Enterprise resource planning software (ERP) is a great tool to begin your journey. An ERP system provides a flexible foundation for integrating cutting-edge technology such as process automation, predicative analysis, mobile apps, and cloud-based solutions. An appropriately configured ERP system can simplify key business functions and ultimately, drive digital transformation.

Here are 6 ways in which an ERP software can contribute to your organization’s digital transformation journey.

Competitive Edge

Today’s business market has never been more competitive and it’s essential to stay on top. With the implementation of an ERP software, organizations have the ability to analyze and predict consumer market trends, recognize new opportunities, and ultimately, embrace new business processes.

With the ability to analyze past and current trends in a single location, organizations have improved visibility to stay ahead of the competition.

Cloud-based Solutions

With access from anywhere at any time, cloud integration provides utilization of available resources. Cloud-based solutions also provides a modern platform for the deployment of new technology. It can also act as an extension of an existing ERP system; thereby accelerating the pace of transformation.

Decision Making

An integrated database allows end-users to access real-time data at any point in time. Your digital transformation strategy will thank you for this one.

As we’ve stated before in the ERP for Small Business blog, “With a view to the entire operation, your team will have an accurate up-to-date view of overall business operations. Precise data can be used in your marketing, supply chain, accounting, and human resource departments to make vital decisions. End-users can identify potential challenges or obstacles to reduce wasted time and quickly respond to the changing business environment.” Using these insights, will help make practical real-time recommendations suited to specific process needs.

ERP Extensions

Integrations with analytics tools, social platforms and cloud technology in an ERP system can simplify complex business processes. This is done through various extensions to widen the range of functionality and unleash the potential ERP to transform digital transformation.

Also, advancing technology can provide various extensions to be integrated for obtaining a desired outcome in the future. For example, your company may grow in scale and size or you want to diversify business in the future. Extensions can make your ERP software ready to handle such tasks with ease. It is fair to say that it ultimately transforms your company digitally.

Enhanced Scalability

Scalability is one of the most important characteristics of an ERP software. An ERP can manage numerous business processes regardless of the size of an organization. Technological advancements that bring new features and tools are implemented into your ERP with a simple system upgrade. This makes ERP software more scalable, robust, and competitive. As discussed in the Hidden Technology Debt blog, periodic system upgrades are more convenience and cost-effectiveness better than replacing existing ERP systems. You can readily integrate the latest features and improve performance by updating the ERP version. It also contributes to bringing automation and digitalization in your business.

Customer Success

An ERP software will enhance your digital transformation by improving your overall customer success. That’s the main goal, right? By streamlining internal processes organizations will have a better understanding of customer data, inventory management, pricing, and supply chain operations. Consolidating and analyzing customer data to better understand clients’ needs helps organizations tailor business processes to meet the ever-changing market trends.

 

Tip: To read more about the benefits of an ERP solution, read the following blogs: Benefits of ERP for Manufacturing, ERP for Distribution, and 5 Signs you Need ERP.

ERP software continues to be one of the most established solutions to enhance productivity and increase efficiency of business processes. It can certainly help you implement a complete digital transformation in your organization.

Are you ready to begin your digital transformation journey? Contact the ACC Software Solutions team to walk you through every step of the way.


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