It will not be an exaggeration to term an Enterprise Resource Planning (ERP) system as the most essential tool in streamlining business processes. A typical ERP solution supports a variety of organizational functions and tracks the rudiments of a business, such as cash, raw materials, and manufacturing capacity as well as transactions between different stakeholders. The applications integral to the ERP platform share the data across various organizational divisions such as manufacturing, purchasing, sales, and accounting. Eventually, the ERP suite provides a real-time and integrated view of the workflows by utilizing common databases, which are built on the data.
Of late, the infusion of cloud technology and SaaS methodology into ERP has made these solutions affordable and adoptable for any organization, irrespective of its size. On the other hand, the responsive ERP vendors have started offering additional functionalities that would merit the user with mobility as well as anytime access. The greatest beneficiaries of all the trends and changes in ERP solutions are the organizations that gain insights to sharpen their business strategies.
In the last few months, we have analyzed a host of technology vendors in the ERP solutions arena and shortlisted the ones that are at the forefront of providing value added solutions. In our selection, we looked at the vendor’s capability to fulfill business requirements while providing the right expertise to address the varied and complex needs of several industries.