Modern working frameworks demand a scalable, agile, and flexible ERP
A cloud-based Enterprise Resource Planning system (ERP) – which meets the needs of modern organisations – is inherently more intuitive and faster. It is therefore more capable of adapting to the changing times and economic uncertainty. Research by McKinsey states that companies adopting new ERP landscapes and systems can ‘target processes that offer the most potential and are able to better utilise an ERP platform’s extensive capabilities.
Businesses operating within a world defined by digital transformation are under pressure to become more competitive. The IDC believes that ‘organisations can leverage these modern, modular and intelligent enterprise applications to their advantage’.
Most organisations are unsure of how to approach the remote, hybrid and in-office working policies, with some feeling that a remote workforce is ideal as it allows access to a global talent pool who is able to work across various time zones. However, this model presents challenges to ensure all staff are treated fairly without compromising equality and productivity. This requires an ERP system that is able to meet these challenging needs.
According to impartial advisory firm, TEC, cloud ERP is gaining traction as it fills the gaps left by older, on-premises ERP platforms with limited functionality, poor security and unnecessary complexity. Regardless of in-office or hybrid working policies, a modern ERP is inherently more agile and able to consistently adapt its functionality without compromising on business integrity.
It’s ideal for small to medium-sized enterprises (SMEs) with limited budgets for high-end ERP platforms. Modern cloud-based ERP systems, such as Sage X3, are flexible and able to provide SMEs with agile management across:
- Financial Management,
- Supply Chain Management,
- Production Management and
- Project Management, regardless of location or business model.
Forrester believes that legacy ERP platforms are unable to keep up with the demands of modern business and advocate a ‘digital operations platform’ that is agile and quick with the ability to perform alongside artificial intelligence and has machine learning capabilities. In the end, it is a modern and capable ERP that will smooth the path to digital transformation.