Enterprise Resource Planning Technology, also known as ERP (Enterprise Resource Planning), is a software system designed to integrate, manage and unify the various functions of a business into one integrated system. The ERP trends that will prevail from 2024 onwards will significantly change the way businesses operate and offer opportunities for growth. However, trend analysis is of no use if we do not first understand why it is important to use an ERP system.

Why use an ERP system

Some of the advantages your business will gain from using an ERP program are:

• Integrated Resource Management

Consolidate all operations to manage your resources efficiently.

• More accurate prediction

Use data for forecasting and trend analysis to make better planning and more targeted decision-making.

• Upgraded Data Security

Implement advanced security measures to ensure the protection of your business data.

• Better Customer Service

Access to customer information that improves your service and relationship with customers.

• Saving time and resources

Reduce the time it takes to complete various processes and optimise the use of your resources.

ERP trends in 2024

• Industry-specific solutions

One of the trends expected to dominate the ERP space is the expansion of industry-specific solutions. Instead of using generic systems, companies will choose more customised solutions that offer optimal functionality for their industry.

• Enhanced customisation

Businesses will increasingly seek to tailor ERP systems to their specific needs, rather than settling for generic solutions. This will provide greater flexibility and adaptability to the changing circumstances of the business.

• Connect to the cloud

Businesses will increasingly opt to use Cloud-based ERP systems, offering them access from anywhere with a stable internet connection. In addition, the use of the cloud will enhance the security of companies’ data.

• Easy to use on mobile

The integration of mobile technology into ERP systems is also an important trend. Users are expected to access ERP information and functionality via mobile devices, eliminating barriers, such as location, to ERP use and increasing flexibility.

• Machine learning και Artificial Intelligence (AI)

Artificial intelligence and machine learning are going to greatly benefit ERP systems. These technologies will contribute to improving decision-making processes, predicting trends and automating tasks.

• Enhanced human experience

The increased focus on the human experience is expected to improve the use of ERP. An operator-centric design that offers easy navigation and improved user experience will be a priority for companies investing in ERP.

• Increased importance of financial management

Finally, strengthening financial management will be another important trend. The integration of even more powerful financial management functions into ERP systems will allow companies to monitor and manage their finances more effectively.

Soft1 ERP and Verus+

Verus+ has been a reliable partner of Softone, one of the largest ERP system providers in Southeastern Europe, for years. Soft1 is constantly being updated in order to already support functions relevant to the ERP trends that will prevail in 2024 and beyond. Contact us to adapt soft1 to your needs and be the first to take advantage of the new trends that will dominate.