ERP Buying Market Trends

By Ryan Ayers
Updated: September 06, 2011

Enterprise Resource Planning (ERP) solutions have been a part of the business systems and solutions landscape for quite some time, and have undergone several evolutions as they have grown to incorporate more components. Today’s ERP solutions have a greater degree of specificity than ever before, while allowing companies to maintain a more accurate and clearer picture of their daily activities and progress toward goals. Recent developments in ERP solutions have allowed more businesses than ever before to take advantage of the features offered within these systems, allowing for faster and more controlled growth, and a greater level of planning and operational control.

ERP as an SaaS Solution

One of the roadblocks to an effective ERP solution for many businesses has been the cost and maintenance involved in a premise based or proprietary ERP solution. A newer crop of Software as a Service (SaaS) ERP solutions has effectively opened the door for many companies that have been unable to utilize these systems in the past. These services offer comprehensive ERP solutions (often customizable to a certain degree) to their customers at a per-user or per-month rate. This pricing arrangement is generally much more cost effective for smaller businesses and allows for a comprehensive system to be put in place without the need for a huge initial software investment.

Cloud and Mobile Give ERP More Reach

The adoption of Cloud and Mobile technologies (and the advancement and refining of both) has also increased the effective reach of ERP systems for many businesses. These two approaches to a decentralized office have allowed companies to effectively monitor and control operations remotely without the need for time-consuming and redundant procedures to be set in place. These applications hold enormous promise for the future evolution of effective ERP solutions because by nature they allow for a more time sensitive and lower cost option that fits the workflow of today’s businesses.

Increased Vertical Specificity

ERP solutions have been designed with almost any industry in mind, allowing businesses to take full advantage of their systems by virtue of the systems themselves having accurate parameters. Rather than having to adjust your operational controls, or to force your employees to adapt to the nature of a system that was not designed with your business type in mind, you should have little difficulty in finding an ERP solution that is geared toward your industry. This translates into more accurate targeting, better information flow, and greater relevance of the features included in these industry specific ERP systems.

Finding an ERP solution to fit the specific needs of your business has never been easier than it is now. Most of the current crop of ERP offerings have incorporated trends like the ones above in order to make their products more accessible and more relevant to specific businesses. These steps in the evolution of ERP solutions have allowed today’s businesses, both large and small, to better operate in today’s dynamic and inherently mobile business climate, and have also allowed room for the further evolution and improvement of future iterations of these systems.
  

Featured Research
  • The New Enterprise ERP Comparison Guide

    Selecting an ERP system is no easy task. You have to select and configure a system that fits your exact business needs. Getting it right means a myriad of benefits, from increased productivity to reduced costs. Getting it wrong can be a quagmire. Our new comparison guide gives you the data you need to make an informed decision, all in one easy-to-use Excel file. more

  • Improve Your Midmarket Business Operations with Cloud Applications

    Best-in-class mid-market businesses are over twice as likely to deploy their ERP solutions on the cloud. They choose the cloud for scalability, flexibility, usability, and cost. These organizations saw 1.9x improvement in profitability over the past two years as compared to those who have on-premise solutions. more

  • Cloud Evolves From Point Solution to Strategic Enabler of the New Connected Econ...

    Do you want to deliver the best service possible to your customers, react quickly to new opportunities, and stay ahead of your competition? more

  • [Infographic] 15 ERP Selection and Implementation Mistakes

    Did you know that according to MorganFranklin Corp., only 46% of ERP users report a strong understanding of ERP features? That's not surprising when ERP software is so complex and difficult to implement. Our thorough infographic details the 15 most common ERP implementation and selection mistakes so that you can avoid them. more

  • The New 2016 ERP Comparison Guide

    Selecting an ERP solution is no easy undertaking. You have to select and configure a system that fits your exact business needs. The right system can make operations more streamlined, efficient, and agile. But choosing the right vendor can be difficult. more