An enterprise resource planning (ERP) system is the key to integrating different business functions across your organization. These functions include management of day-to-day activities such as accounting, procurement, project management, risk management and compliance, and supply chain operations. The widespread growth and adoption of ERP systems speaks to the importance of ERP to successful businesses.
It’s rather confusing for any organization to decide the best ERP to fulfill their needs and demands. As there are varieties of ERP solutions available on the market, you should know how to choose the perfect solution and use it correctly.
Here are the top ERP stats, facts, and trends to help you make your organization’s best decision.
ERP is a core solution for many organizations, driven by market characteristics such as widespread digital adoption, thriving global trade and extensive amounts of data that need to be tracked, maintained, and analyzed. ERP market statistics show the move towards increased usage and global demand.
To execute a successful ERP implementation, organizations must have a clear vision of requirements. Choosing the right partner and assigning an internal implementation team increases the chance of project success.
Although ERP implementations can be challenging, data and statistics show many companies exceeding and even surpassing implementation efficiency expectations.
Organizations use ERP to become more efficient and save costs. Statistics on ERP return on investment (ROI) emphasize the benefits of ERP solutions.
ERP implementation by industry varies, and organizations use ERP systems for different reasons. Recent ERP usage statistics provide some insight into current usage trends.
As business needs become more intricate, ERP software is advancing to meet the demand for more customizable features and integrations. Current ERP trends show a shift towards greater cloud adoption and intelligent systems that streamline and automate processes.
Common ERP challenges include poor project management, failure to manage implementation costs and timelines, and internal resistance to new systems. These problems come from unclear ERP implementation goals, choosing the wrong ERP partner and purchasing software that’s not right for your company.
An ERP system can amplify your business, but you must choose the right platform and implementation team to avoid becoming another unfortunate ERP statistic.
The best ERP partners will offer a suite of services that cover enterprise basics like accounting and human resources—but they also offer applications spanning CRM (customer relationship management), human capital management (HCM), supply chain management (SCM), warehouse management systems (WMS), and more.
Contact the ACC Software Solutions team to begin your ERP journey today!!
Solutions by Industry
What's New
Seamless Integration with Sage 100
With Sage 100, transitioning to a new ERP system has never been easier. Its comprehensive functionality, seamless integration capabilities, and scalability make it the ideal choice for businesses looking to optimize their operations and drive growth. Read MoreSubmitted by Stephanie Dean on Thu, 07/25/24 - 5:00
Acumatica Elevates Summer Financials
As you savor the warmth and energy of the summer season, let Acumatica elevate your financials and help you achieve your business goals. Read MoreSubmitted by Stephanie Dean on Tue, 07/23/24 - 5:00
ACC’s Summer Integration Guide for Business Success
With ACC's Summer Integration Guide, businesses can streamline processes, enhance collaboration, and improve decision-making, setting the stage for a productive and prosperous summer. Read MoreSubmitted by Stephanie Dean on Thu, 07/18/24 - 5:00