Enterprise Resource Planning platforms have been around for several decades. Some people love them, some hate them. What is indisputable, however, is that organizations around the world are being continuously pushed to achieve greater efficiency and faster turnaround, and ERP is a way of achieving both goals.
According to Market Research Engine, ERP is expected to near $50 billion in total market value by 2024, infiltrating tasks as wide-ranging as sales and marketing to distribution management and finance. What’s interesting about the current phase of ERP development is the way it dovetails with a number of other industry requirements besides the perennial need to become more efficient. The rising acceptance of mobile and cloud-based applications, for instance, places greater onus on the need to build more flexible, user-friendly means of support. As well, as business processes become increasingly digital-oriented, ERP brings much-needed intelligibility to complex workflows.
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