ERP systems are an essential part of modern businesses, and they continue to evolve with the changing technology landscape. Looking ahead to 2023, several key trends are expected to emerge that will shape the future of ERP systems.

1. ERP Software
Trends For 2023
and 2024
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2. The special thing about ERP is that it is a
dynamically changing software. ERP software
changes based on evolving business needs. So
every year, you can expect ERP systems to
include new features and functionalities. ERP
companies add features based on the prevailing
trend. In 2023 as well, there are some specific
trends that shape the decision of ERP makers to
add new functionalities.
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3. ERP
Software
Trends
• Cloud ERP
• IoT and Big Data
• Real-time Data Analytics
• ERP Mobility
• AI & Machine Learning
• Content Marketing
• Customised ERP Solution
• ERP For 3D Printing
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4. Cloud-based ERP offers a lot of benefits that translate to not just cost-saving
but time-saving as well. Cloud-based ERPs – especially SaaS ERPs – remove
the requirement for buying expensive physical hardware. So, companies don’t
need to spend a lot of money upfront. This, in turn, results in further cost-saving
for companies as they don’t need to hire expensive IT specialists to manage the
ERP – everything is managed either by the ERP company or the vendor.
Cloud ERP
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5. The role of ERP has graduated from being just a “single source of truth” to a
full-on IoT system that has the power to crunch big data. For example, the
flagship ERP for small businesses – SAP Business One – can be used as an IoT
device to control the production order. This means no one needs to be present in
the factory to commence production manually upon receiving the production
order
IoT and Big Data Analytics
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6. No IoT system can work properly if it does not have real-time data processing
capability. As more and more ERPs are aiming to provide IoT capabilities, they
have no choice but to integrate real-time data analytics capabilities. Even for
non-IoT-related tasks, ERPs like SAP S/4 Hana offer solutions like embedded
analytics that provide real-time analysis
Real-time Data Analytics
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7. It’s the world of smartphones and remote work. Gone are the days when you
have to be within the company premises, sitting on a specific computer to access
the ERP system. In 2023, if employees can’t access relevant data (data that they
have permission to view) available in the ERP system, then the whole purpose
of ERP will be defeated.
ERP Mobility
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8. Another trend that’s gaining momentum is the integration of Machine Learning
capabilities into the ERP system and making the whole system intelligent. For
example, in SAP S/4 Hana, the system examines all the sales enquiries and
examines which one among them has the biggest potential to be converted to an
actual sales order. SAP has its own Conversational AI chatbot that can be
integrated with S/4 Hana, which makes managing business processes simpler
with the use of voice commands.
AI & Machine Learning
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9. Each and every business is unique. Two businesses in the same industry can
have pain points that are different from one another. This is why, when it comes
to ERP, one size does not fit all. This is where the role of ERP vendors like
Silver Touch Technologies comes in. While ERPs provide a predictable suite of
services, it is the vendors who customise the ERPs based on the requirements of
their clients.
Customised ERP Solution
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10. One interesting trend that can be seen continuing in 2023 is the trend of ERP
being used in additive manufacturing or 3D printing. While there is already
more than enough ERP software for the manufacturing industry, 3D requires
specialised manufacturing ERP that can work in collaboration with CAD
software.
ERP For 3D Printing
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