The Future of Cloud ERP

Cloud based systems that offer greater flexibility and better service to the user are in high demand today. We have seen the top players including Amazon, IBM, Microsoft etc. reporting increasing revenue in every quarter. With this backdrop, let us look at the future of the an interconnected, worldwide enterprise resource planning (ERP) approach.

The broad forecast of ERP in the cloud is that it will grow at a CAGR of about 7-10%. According to reports from independent and diverse sources, the cloud ERP industry is expected to grow to about USD 30 billion to USD 35 billion by 2020-2022.

It is worthwhile to note that in the recent past, from 2011 till 2015, the global ERP scene has registered a growth of about 6.5%. It is predicted that with the drive towards efficiency and transparency in companies today, this growth rate will increase. Some estimates even suggest that if some of the gaps in the cloud technology are bridged, then the market might grow to even USD 60 billion by 2020-2021.

Industry experts believe that the cloud ERP has huge scope all over the world, especially in the USA, Asia-Pacific region and Australia in the near future. So, on the outlay, the forecast for global cloud enterprise resource planning remains significantly positive.

About

Enterprise Resource planning is an important part of the complex market place today. It helps businesses in streamlining their processes such as payments, sales and marketing, product planning, costing and many more. To help fulfill business needs and meet challenges, ERP has undergone several stages of evolution: The Evolution of ERP in the 1960s This was aimed at meeting the requirements of different sizes and classes of business owners. It entailed uniform applications which formed a huge chunk of the improvements that were to follow.The Birth of ERP in the 1990s This included big improvements in what was offered in the 1960s and 1970s.

Among its features are extended integration, a solid and easy to use database and ease of use by customers. They offered advancement for the incorporation of such features as analytics, mobile and cloud. Next generation ERP These were user centered, highly responsive and flexible. These systems helped customers arrange their data and manage them to suit their requirements. Next generation ERPs has features that helps businesses collaborate with their partners and connect to the world which surround them. The ERP architecture also provides massive amounts of flexibility, therefore helping businesses adopt cloud computing.

This entry was posted in About.

Why and How Could Your ERP Implementation Fail?

How do you pinpoint when ERP implementation in your company is failing? Why does it fail in the first place? One of the major reasons ERP fails is because it’s failing before it’s even started. Companies don’t ask themselves if a large ERP is a good plan before putting it in place.

Due to a lack of proper foresight and no sense of direction, failure could be imminent. Even sometimes with a plan in place, it may not be well thought out enough, or prepared for any eventuality. Under-estimating resources, unrealistic expectations, poor user interface, or lack of testing are some contributing factors, as well. Not having a contingency plan or refusing to customize is often an early sign that it will fail. So is lack of frequently reviewing the ERP and plan associated with running it.

Or maybe the person managing the ERP is not qualified or experienced enough to be doing so. If your company cannot afford to train an employee to take on such an important task, it’s best not to implement the ERP in the first place. Unqualified and untrained ERP management is a major sign of imminent failure.

And most companies don’t even stop to ask themselves if they actually need ERP before they put time, money, and resources into starting and running it. This could by far be one of the easiest ways to prevent ERP failure, is not not begin it in the first place.