Whenever I use the term “ERP” when talking with a small or midsize business leader, a sense of trepidation can be felt in the room. The most common response I hear? It usually goes something like this: “ERP. Isn’t that a heavy-duty, expensive solution built for large enterprises and conglomerates? How in the world can this technology solve my organization’s problems? Surely, my operations are too straightforward for something like this.”
This perception may have been accurate 35 years ago, but so much has changed in the world of ERP since the arrival of cloud technology and in-memory computing. Now offered as a software as a service (SaaS), ERP has become a sophisticated, smart solution that optimizes core processes, data management, and analytics – when you need it, without hiring more IT resources, and with a low monthly subscription.
In the IDC analyst connection interview, Boggs and North Rizza noted that adoption of next-generation ERP technology can help growing businesses create a comprehensive framework for delivering changes scaled to evolving business needs. “Some ERP solutions tailored for the midmarket can be purchased as an integrated suite that includes HR or CRM modules that can be ‘turned on’ as a company grows or when it’s needed to help enhance coordination while avoiding disruption. For first-time ERP users, this capability can help future-proof an investment to ensure that capabilities can be added when the time is right,” they said.
ERP: Not just for IT geeks and conglomerates anymore
You don’t have to be an IT geek or an executive from an international conglomerate to know that digital transformation is picking up in intensity and becoming a significant indicator of the future success of a business. Such innovation encompasses both technical strength and technical functionality – and an underlying ERP platform is what brings them together.
So, when new opportunities arise, a cloud-driven, in-memory-enabled ERP platform can help you quickly change small things like a simple workflow or big stuff like a core process to get ahead of the competition. More importantly, your business leaders will soon see how running operations with real-time information and instantly scalable data management and analytics capabilities is a more cost-effective strategy for accelerated growth – instead of endless piles of outdated spreadsheets.
Find out the answers to five common questions that small and midsize companies ask about ERP systems. Read the IDC analyst connection brief, “Small and Midsize Businesses Put ERP at the Center of Digital Transformation Strategies,” featuring IDC’s Ray Boggs, vice president of Small and Midsize Business Research, and Mickey North Rizza, vice president of ERP and Digital Commerce Research.