2024 Trends Transforming Enterprise Resource Planning

1. TRENDS TRANSFORMING ENTERPRISE RESOURCE PLANNING IN 2024 (ENTERPRISE RESOURCE PLANNING STATS AND GROWTH PROJECTIONS IN 2024)

2. CONTENTS • • ALL ABOUT ERP SOFTWARE THE CURRENT STATS ON ERP ADOPTIONS • • GROWTH PROJECTIONS FOR ERP IN 2024 THE ROLE OF DATA IN ERP TRANSFORMATION • • TOP ERP TRENDS FOR 2024 CONCLUSION

3. • ERP (Enterprise Resource Planning) is a comprehensive software solution that seamlessly integrates and manages core business processes. • With modules covering finance, human resources, supply chain, manufacturing, sales, and more, ERP becomes the backbone of organizational efficiency. • In the face of rapid technological advancements and evolving business landscapes, staying current with ERP trends is imperative. • Ensuring competitiveness and operational efficiency in this dynamic environment is crucial for businesses seeking sustained success. • The ability to adapt and leverage the latest in ERP technology becomes a strategic advantage, enabling organizations to thrive amidst change. All about ERP Software 3

4. The Current State of ERP Adoption Statistics related to Global ERP Adoption: • 70% of global organizations have adopted ERP systems, streamlining their operations. • ERP's widespread adoption showcases its pivotal role in enhancing business efficiency. Industry-wise Adoption Rates: • Industries like manufacturing and finance lead in ERP adoption, with rates exceeding 80%. • Emerging sectors, such as healthcare, exhibit a growing interest in ERP solutions. Challenges and Future Opportunities: • Challenges include integration complexities and high implementation costs. • Overcoming these challenges presents opportunities for improved efficiency and competitive advantage. Source : https://www.linkedin.com/pulse/21-erp-software-statistics-every-business-should-know- sagesoftware#:~:text=More%20than%2070%25%20of%20large,ROI%20from%20their%20ERP%20implementation. https://learn.g2.com/erp-statistics . 4

5. Growth Projections for ERP in 2024 Statistics related to Global ERP Adoption: • 70% of global organizations have adopted ERP systems, streamlining their operations. • ERP's widespread adoption showcases its pivotal role in enhancing business efficiency. Industry-wise Adoption Rates: • Industries like manufacturing and finance lead in ERP adoption, with rates exceeding 80%. • Emerging sectors, such as healthcare, exhibit a growing interest in ERP solutions. Challenges and Future Opportunities: • Challenges include integration complexities and high implementation costs. • Overcoming these challenges presents opportunities for improved efficiency and competitive advantage. Source : https://www.thebusinessresearchcompany.com/report/erp-software-global-market-report https://www.linkedin.com/pulse/asia-pacific-erp-software-market-2024-size-share-ri6df/ https://www.linkedin.com/pulse/erp-software-market-size-witness-promising-growth-rate-aboli-more . 5

6. • Data plays a pivotal role in ERP transformation by providing real-time insights for informed decision-making and driving strategic changes within organizations, ensuring adaptability and sustained success in dynamic business landscapes. • It serves as the cornerstone, guiding the evolution of ERP systems towards greater efficiency, agility, and responsiveness. The Role of Data in ERP Transformation • Real-time Analytics and Reporting: • ERP systems provide real-time analytics, empowering organizations with immediate insights. • This trend facilitates data-driven decision- making for a competitive edge. 6

7. • Data-driven Decision Making: • ERP's focus on data-driven decision-making enhances strategic planning. • Organizations leverage data analytics within ERP to meet the customer demand before competition. The Role of Data in ERP Transformation • Security Measures for Data Protection: • ERP systems implement robust security measures to protect against data breaches. • Compliance protocols ensure data protection in accordance with evolving regulations. 7

8. Here's a look at the top ERP trends for 2024 and beyond – • Mobile Accessibility – o Year 2024 will see more use of mobile ERP applications. o The demand for speedier and responsive systems is leading to a surge in mobile accessibility. o Businesses will be able to retrieve information at their convenience. o Mobile ERP apps would power operations ‘on the go’ including CRM, proof of delivery, warehouse, point of sale, purchase approval, etc. Top ERP Trends For 2024 • Cloud-Based ERP Solutions: o Cloud computing gained popularity in recent years and continues a growth trajectory. o The key driver is its on-demand access to business metrics. o Cloud computing allows easy scaling without substantial infrastructure costs. o ERP on the cloud, in a SaaS format, offers a cost-effective and flexible alternative to on-premises solutions. 8

9. • AI and Machine Learning: o ERP systems will incorporate AI and ML for predictive analytics and smart automation, enhancing decision-making and efficiency. Top ERP Trends For 2024 • IoT Integrations: o Integrating IoT into ERP will provide real-time insights into supply chain processes, improving visibility and operational efficiency. • Business Intelligence: o ERP advancements will bolster business intelligence (BI), elevating data analytics capabilities. o Analyzing key performance indicators (KPIs) enables businesses to pinpoint improvement opportunities and forecast future trends. o BI becomes invaluable during business downtime or crises, empowering organizations to make faster, informed decisions. 9

10. • ERP Customizations o Customizations optimize workflows to perfectly align with unique business processes, ensuring maximum efficiency. o Enhances ERP interface and functionalities for improved user adoption and increased productivity. o Facilitates ERP scalability to ensure seamless adaptation to business growth and market changes. o Tailored reporting and analytics provide specific insights for data-driven decision-making and a competitive advantage. Top ERP Trends For 2024 • Evolving Role of UX in ERP o ERP systems will prioritize user-friendly interfaces to enhance overall user experience. o Improved UX fosters user adoption and engagement. o ERP applications will become more mobile-friendly, allowing users on-the-go access. o Continuous training programs and effective onboarding strategies will be of prime focus to improve user experience. o A focus on UX ensures users can navigate ERP systems intuitively. 10

11. • Industry-specific ERP Customization o The trend of tailoring ERP solutions for specific industries continues. o Industry-specific modules address unique challenges, enhancing ERP’s effectiveness. o Vertical-specific modules cater to the distinct needs of sectors like healthcare, manufacturing, etc. o These modules optimize processes, ensuring industry- relevant solutions. o Industry-specific customization significantly enhances operational efficiency. Top ERP Trends For 2024 • Block chain Integration o In the year 2024, large number of ERP solution providers integrating their offerings with block chain technology. o This integration is likely to enhance faith of stakeholders and increase transparency of transactions. 11

12. • Focus On Cybersecurity o ERP systems will integrate adaptive cybersecurity measures to effectively respond to emerging threats. o Proactive cybersecurity ensures robust integrity and protection of critical ERP data. o It also maintains compliance with dynamic data protection regulations. o Rigorous compliance measures within ERP act as a safeguard against potential legal and regulatory risks. o ERP systems with advanced capabilities shields against emerging cybersecurity threats, preserving the integrity of data. o Proactive measures embedded within ERP effectively mitigate risks associated with the ever-evolving landscape of cyber threats. Top ERP Trends For 2024 12

13. • Sustainable ERP Practices o ERP integrates sustainability into core practices, aligning it with corporate ethics. o Adoption of green supply chain management gains momentum with ERP systems. o ERP actively contributes to eco-friendly operations throughout the supply chain. o Meticulous measurement and transparent reporting of sustainability metrics can be achieved by ERP systems. o Organizations leverage ERP for precise reporting, emphasizing transparency and accountability in environmental impact. o ERP solutions will identify ways to reduce delivery routes, lower power consumption, and improve product traceability. Top ERP Trends For 2024 13

14. CONCLUSION • Moving into 2024, the ERP software industry is experiencing a positive shift, witnessing growth across various sectors and embracing innovative technologies. • The current trends in the ERP sector indicate a transformative impact on how businesses operate, ushering in a new era of data-driven decision-making and increased market responsiveness. • These evolving ERP trends promise substantial benefits, including time and resource savings, improved data monitoring, and strategic resource utilization planning. 14

15. CONCLUSION • Organizations that are quick to adopt and adapt to these trends position themselves ahead of the competition, maximizing the efficiency of their investments. • Notably, BatchMaster ERP emerges as a cutting-edge solution designed specifically for process manufacturers. Offering profound data insights, seamless system integration, cloud compatibility, and backed by over 30 years of ERP expertise, BatchMaster stands as a reliable choice. • For further exploration of BatchMaster ERP and its capabilities, please don't hesitate to reach out to us. 15

16. THANK YOU www.batchmaster.co.in 16