It has been no less than a rollercoaster ride for companies in the previous year. But as we all know a new year always brings along new hopes and new achievements, 2021 is also no different. This is a new year where organizations are learning about upmarket systems for handling dislocated supply chains, the ambush of data in sectors such as biotechnology, remote work handling for absolute business growth. Several organizations were able to streamline their tasks with assistance from ERP software. Such systems help companies to intend for enhanced resource functionality and zero downtime. Innovation is the only key to the growth of ERP software. The recent trends are also pointing towards the companies’ gusto for idiosyncratic ERP applications. How ERP software will drive business growth in 2021 is our topic of discussion in this blog post.

Cloud ERP Software Integration – a Must for Business Growth in 2021:

Organizations on a global level are now integrating ERP software into their respective IT infrastructure for data management, process automation, operational efficiency, etc. ERP for small business is also widely available that is leading to better dexterity and performance. Gaining traction within the digital ecosystem is possible seamlessly with cloud ERP software. ERP software ensures business viability in these following 7 ways:

• Task Automation –

When it comes to a growing business, organizations can never afford to focus and allot time on tedious tasks. ERP software leads to task automation in the best possible manner. Accounting and reporting are a few tasks that undergo automation for optimizing the workforces’ time for guaranteeing more productive days at work. Such automation procedures also result in low human errors thereby enabling seamless data transmission from one system’s part to the other. Not only a business can witness more profits but also can attain its desired outcomes with such systems.

• Reporting –

The reporting capability of ERP software makes it apt for ERP in the retail industry. This feature offers a detailed analysis of data reports to end-users. Few of the tools incorporate pie charts and customized dashboards for making reports easier. Cloud ERP systems enable users to gain control over the access of data reports for safeguarding valuable information of a company along with simultaneously sharing reports with end users.

• Accounting –

Continuous business growth in 2021 will automatically lead to a continuous sales order. To ensure that growth, ERP software companies have a very big role to play. ERP software helps companies get hands on robust accounting tools for the purpose of proper financial management. These tools assist in managing procedures such as tax management, account payable, fixed asset management and receivable. It even helps in enhancing accuracy and timely processing. Employees can experience a lot less burden with the implementation of these upscale systems.

• Integration with Numerous Departments –

ERP business collaboration is something that most organizations are seeking currently because of its wide range of standalone solutions. Due to this, integrating ERP software with the other departments within an organization is very simple. Integration guarantees the working together of all the capabilities put forward by the ERP system in a tuneful manner. Companies can get hands-on a completely integrated platform with cloud ERP systems that help in tracking and performing several data driven works. Best ERP software is also the one that guarantees seamless communication between numerous departments. Each department can function in an autonomous manner. This will automatically result in timely and smart decisions.

• Data Analysis –

These days ERP in the construction industry is widely accepted because of its ability to analyze data of various business operations. These incorporate data linked with sales, client data, statistics linked to production, etc. Data analysis features of ERP software help the entire workforce to gain access to vital business data. Such systems also offer a wide range of tools for tracking the efficiency level of an organization. Data analysis accounts for intelligent decision making that helps organizations explore better opportunities at a rapid pace.

• Customer Relationship Management –

Whenever a company invests in ERP projects, it is also getting hands-on with a CRM system. As a crucial part of ERP software, CRM helps drive business growth as it enables companies to handle customer information from a central database. Functioning becomes easier with this as data can be updated whenever required. CRM tools help in managing sales pipeline linked activities, lead management, contacts, etc. CRM makes it hassle-free to solve the various queries put forward by customers instantly.

• Visibility and Tracking –

One of the biggest benefits of cloud ERP systems is offering comprehensive visibility to organizations. Business growth in 2021 for companies is guaranteed as ERP software comprises technology that assists in tracking raw materials and finished products from the manufacturer until the time of delivery. ERP systems also empower the tracking of information such as statistics linked to production, staff productivity, sales, etc.

Stats – More than 50% of organizations (EU, Asia and the USA) have reported enhanced business growth after ERP implementation as per a recent survey. (Source: https://xcelpros.com/top-5-erp-system-trends-in-2020-to-help-plan-for-2021/)

No Struggle For Companies Anymore:

Some of the ERP software technologies trends that can help organizations thrive even more in the year 2021 are as follows:

• AI Integration –

The current era doesn’t look at ERP software systems and Artificial Intelligence separately. Cloud ERP of today’s time comes assimilated with AI leads to smooth functionalities in areas of report generation, inventory management, etc. ERP along with AI will also lead to process automation that will again help in saving manual labour costs and efforts. Organizations that are struggling due to shortage of workforce because of COVID-19 pandemic can largely benefit from this.

• ERP Assisting persona Marketing –

Companies on a global level are now augmenting R & D regarding a prospect/customer demographic. They are doing this in an attempt to reap the most number of benefits from digital marketing investments. Cloud ERP systems prove to be crucial in this aspect by functioning as the insight generator & data-gatherer for an accurate understanding of the preferences of consumers. The value that customer data offers to upsell or cross-sell new products to present customers is massive within a similar demographic. Streamlining back-end data is also very simple with ERP systems.

Conclusion:

Staying ahead in this competitive digital era calls for realizing the importance of ERP software which is cutting-edge technology. The present and the upcoming years will witness further integration of numerous digital technologies into cloud ERP that will drive business growth like never before. The future and ERP growth lie in agility and digitization which is why organizations must upgrade the ERP systems for reaping the benefits of all the features. Maintaining business resiliency even amidst the pandemic is possible with best ERP vendors like Exactlly. To learn more about exactllyERP, users can go through a Free Demo. Contact Us today for exponential business growth.