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The Future of Enterprise Resource Planning Software

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In late nineties, ERP was designed to meet the need for supply chain management and customer relationship management. With the change in technology and advancements, the companies are looking for service oriented software which can provide accurate solution to small and medium sized organizations. The stress is not on getting a completely automated system, instead the new trend is to get exact solution within limited resources and time.

In 1990's the war of mainframe and open system started, and later it was open system which has been widely accepted by companies. The leading provider of ERPs in the world are SAP, Oracle and Microsoft which are dominating the market but these companies are considered not the best for small companies because many small organizations require automation at a low cost, and these companies do not want to spend heavy resources towards maintenance and management of software therefore, these companies are looking for cheap solution which is highly customized and it works according to local rules and regulations.

The ERP was basically modified for bringing in new technologies and providing improved features to the organizations but with change in system - the focus has diverted not only to technology but also to ease of functionalities. Now companies are aware what is the best solution for their business and therefore, they can plan to buy software based on the requirements, instead of buying expensive solutions just because the marketing professionals claim it to be the best.

There are many other trends in ERP which can be seen in future - some of the trends are

New technology and less time of implementation: The new software should be cheap, based on new technology and give the customized solution required by the company. The company should be able to manage the ERP easily without spending heavily on hiring technical support.

Get the cost based on TCO: The initial buyers of ERPs were not aware of exact TCO required for implementation, and many times failure were caused due to lack of resources. In real world it is difficult to assess the total cost and it varies depending on a number of factors such as participation of client, changing business needs of the client, decision of top management, software capabilities already present with the company, change in market condition etc.

Diversification instead of centralized system: Some experts believe instead of centralized database the new systems should be modular where each departments and module will be handled independently by the local teams and this will reduce expense on maintenance of heavy data at a centralized location and it will prevent delays in transactions in case in a day at a time a number of transactions are carried out.

Implementation after getting success in one module: The industry analysts believe that the manufacturing companies are interested in buying ERPs specially to manage accounting and financials, and some companies also going for other related modules after getting success on implementation of the initial set of modules.

Software as a Solution: The new trend includes software as a solution in which the companies can access the solution directly without spending on acquiring hardware and software.

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