Globally, markets are witnessing the prevalent spread of ERP as key to integrating the different business functions across an organization. Looking at statistics, an estimated 50% of organizations are in the process of planning, acquiring, or updating their ERP systems to amplify business performance. By 2025, the total ERP market will exceed an estimated $49.5 billion.
Robust attributes of extensive digital adoption, booming trade, and large volumes of data are the reasons for the expanding demand for ERP. In my 25 years of implementing business solutions, we have never seen such interest and committed buyers. Businesses have awakened to realize the benefits of cloud-based software, especially from a leading innovative partner like Mint Group and Microsoft Business Applications.
Here is a breakdown and some of the reasons why we are experiencing such explosive interest:
COVID and Remote Working
The way we work has changed dramatically since the inception of the COVID pandemic and affected the way people interact with business systems and ERP, in particular. The necessity to continue operating effectively and run critical business transactions at all times is the main contributor to the high demand for cloud migration.
Organizations can no longer be vulnerable to market disruptions but need to work around them, to ensure that they maintain business continuity.
Outdated Systems and Servers Have Become Obsolete
In the past few years, we have witnessed businesses outgrow their traditional basic software and manual disparate systems that cannot handle increased transactions, accelerate business growth, and lack integration with other systems. These legacy systems have now become obsolete and are limiting the potential for businesses to do effective reporting, improve processes and most importantly, allow for remote work.
Cloud-based technology applications, delivered as software as a Service (SaaS) through the cloud, offer comprehensive business management solutions to manage, integrate, and speed up all activity. The bonus? It can all be done on a single platform, saving you time and money.
Information and Data at Your Fingertips
Having data-driven tools at your disposal is more critical than ever. Organizations are learning how to use and develop information to their advantage. It has given rise to ‘business intelligence,’ which collects and organizes data to gain a valuable competitive advantage.
ERP solutions generate substantial amounts of data every day, leaving you overwhelmed and unsure of what to do with it. With the powerful capabilities of business intelligence, which offers reporting, data mining, performance management, and predictive analysis, among other things, you can focus on only the data that is critical for your business’s success.
You can work in confidence, knowing that you do not need to make and rely on any theories and assumptions. Using the data in your ERP system, you can generate business insights, data patterns, and trends that will enhance your strategic business decisions.
The Importance of Security and Redundancy for Business Continuity
Organizations are becoming more vulnerable to cyber threats, with some already having faced cybersecurity breaches. These affect your ERP systems, distressing industries such as healthcare and medicine, financial services, telecommunications, and retail.
You don’t want someone to hack into your ERP system. It is an elevated risk and critical to your entire infrastructure, which should give you more reason to implement security and protection. But first, you need a notable risk mitigation plan.
Businesses hosting in a data center have become increasingly reliant on them. They keep your website and line of business systems running, but what happens when there is a failure? How do you ensure the quality of data center performance? To minimize potential downtime, you should instill recovery executions and enable business continuity plans that rely on redundancy.
The Development of Microsoft Dynamics Business Applications
Microsoft Dynamics Business Applications serve as breakthrough technologies that empower businesses to transform and adapt to what may seem like a challenging period.
The applications are driving agility without limits and offering intelligence for greater efficiency and outcomes. Solving customer challenges, automating processes, and developing products faster, are among the benefits that play a significant role in supporting organizations to thrive in a challenging hybrid work environment.
Over decades, Microsoft technologies and solutions have empowered businesses worldwide, and customers are increasingly looking for sizeable and reputable experts and partners to meet their business needs. With a Microsoft Partner you are guaranteed value for money, and best practice implementation, your organization requires.
A partner’s competency and business focus in the marketplace enhances the ability to serve better and advance your infrastructure. Mint ERP SA completes a comprehensive Microsoft value proposition, helping you develop your collaborative business efficiency by improving how your organizational resources are managed and utilized. We are excited for this explosive growth and the continuity of facilitating improved success in business outcomes.