Trends Transforming Enterprise Resource Planning In 2022

1. TRENDS TRANSFORMING ENTERPRISERESOURCE PLANNING IN 2022 A Look Into What’s Next

2. ANOVERVIEW Introduction ERP stats & growth projections for the year 2022 Future trends transforming ERP in 2022 What’s next? Takeaway

3. INTRODUCTION The tech innovations expected in 2022 will be a natural progression of digital transformations – all those processes which gained momentum at the start of the pandemic (early 2020’s).  However, businesses will also look forward in getting back to their routine rhythm. The disruption of traditional supply chains, the sudden, or permanent migration of employees to home offices, the dramatic shift from in-store to online sales, and the requirement that companies deliver goods to the customer’s doorstep in a safe, contactless manner have elevated Enterprise Resource Planning (ERP) systems from the back office to the front lines. After the rollout of COVID-19 vaccine, businesses are emphasizing on revamping their business models, and transforming their work flow from top to bottom. Basically, in the forthcoming year, businesses will expect process automation, agility and ease of data access with encrypted security.

4. ERP STATS & GROWTH PROJECTIONS FOR THE YEAR 2022 • ERP improves 95% of businesses that implement it. • ERP improves processes in 95% of the businesses that implement it. • 68% of ERP customers will be satisfied with the ERP software they chose. • ERP implementation will cause operational disruption in 66% of businesses. • 53% of businesses will call ERP and CRM as priority investments. • Cloud ERP will be seen as a greater investment. • 29% of businesses fear cloud ERP for security breach. • The revenue of ERP software will reach $47 billion between 2017 and 2022. • The ERP market in the Asia Pacific is expected to reach $9.77 billion by 2022. • By 2022, the aerospace and defense industries will have experienced the highest ERP software adoption growth (8.86% since 2014). Source: https://linchpinseo.com/enterprise-resource-planning-erp-trends-to-watch/

5. FUTURE TRENDS TRANSFORMING ERP IN 2022 The corporate sector is bound to adjust to the new normal, facilitating the adoption of stringent business plans and creation of risk management strategies. It has become evident that connectivity, interoperability, and agility are essential for companies that are trying to survive in today's complex market. Businesses of all sizes i.e. small or big, are now relying on ERP systems to streamline their business processes, secure data, bring more profits and improve customer satisfaction. SMBs will also adopt the services of cloud ERP as it requires minimal startup cost and provides significant control on their businesses.

6. FUTURE TRENDS TRANSFORMING ERP IN 2022 The key ERP trend will be the migration from legacy applications to cloud-based ERP systems to circumvent manual operations and spreadsheets. The second major ERP trend for 2022 would be the shift from one-size-fits-all ERP solutions to more personalized and customized ERP solutions. Because of the rise of the remote and hybrid working culture over the last few years, mobile ERP will also become a necessity . Let's have a look at the other trends that will emerge in 2022

7. FUTURE TRENDS TRANSFORMING ERP IN 2022 Cloud ERP will be omnipresent, so will be the Hybrid ERP Solutions Organizations looking to thrive in the digital transformations will opt for Cloud solutions to get anytime anywhere data access . Cloud-based ERP offers numerous benefits - Cost saving on infrastructure Advanced security features to handle and store the data securely Mobility by providing 24/7 data access across the globe Quick data recovery in any emergency scenario Automatic updates without paying an extra penny However, Hybrid ERP deployment models will also flourish this year because it’ll help businesses get benefits from both the ERP(s) i.e. on-premise and cloud. So Cloud ERP in 2022 – A Big Yes, yes, and yes.

8. FUTURE TRENDS TRANSFORMING ERP IN 2022 II.   Mobile ERP With Real-Time Awareness Will Continue to Proliferate Mobile ERP systems have gained major popularity after the pandemic. Organizations understood the need of absolute mobility and planned to incorporate it into their businesses. Some of the businesses failed substantially during the pandemic because they were not mobile-ready. Companies who sensed the need of Mobile ERP in the pandemic era, quickly deployed it and continued their operations smoothly from remote locations. Now that the pandemic has passed, the work-from-anywhere paradigm still persists, imposing the need of Mobile ERP for businesses to prosper. Thus, Mobile ERP will remain popular in the coming business generations.

9. FUTURE TRENDS TRANSFORMING ERP IN 2022 III. Intelligent ERP Will Make Big Gains The incorporation of Artificial Intelligence (AI) and Machine Learning (ML) into ERP software will lead to the creation of “Intelligent Systems”. These systems will transform business data into actionable insights for process improvements and predict the future situations through various algorithms. Intelligent ERP systems will optimize workflows, shorten lead times, manage shop floor issues and reduce errors related to data import and processing. AI-based tools will initiate more informed decision-making by identifying red flags before they disrupt the business through system generated data.

10. FUTURE TRENDS TRANSFORMING ERP IN 2022 IV. “AI or BI” will only be for masses not for smaller organizations The idea of "AI for the masses" or "BI for the masses" seems in its early stages.  AI and BI have become so popular that the great majority of consumers will be able to leverage it to and improve their productivity. But in reality, most AI/BI/analytics functions are not yet accessible enough for the average business employee. Giant firms will soon adopt this trend, while SMEs will continue to function as they do now.

11. FUTURE TRENDS TRANSFORMING ERP IN 2022 V. Rise of 3D printing The evolution of 3D printing and additive manufacturing will have an impact on the development of ERP systems to address complex supply chain situations and printing environments. It will help in production of smaller batches, specialized part numbers, and other requirements to complete bigger jobs, rendering a competitive edge to manufacturers. 3D printing will be coupled with product lifecycle management (PLM), computer-aided design (CAD), and enterprise asset management (EAM) This feature enables the seamless modification and testing of parts via its digital thread, and better accommodation of the manufacturing, delivery, and maintenance needs of parts/components for large manufacturing items.

12. FUTURE TRENDS TRANSFORMING ERP IN 2022 VI. Redefined ERP Systems ERP software systems will no longer comprise of simple business functions. Customers will expect simpler user interfaces and detailed business functionalities that are linked to all the departments and provide 24x7 data accessibility and security. As a result, ERP systems will be rebuilt whereby the average end user can easily utilize the software to perform their tasks. Also, costing flexibility will be an important consideration by the customers in this inflationary environment. Businesses will prefer affordable customized ERP software to obtain a strategic advantage during these times of high disruption and uncertainty.

13. FUTURE TRENDS TRANSFORMING ERP IN 2022 VII. More attention to digital marketing As more businesses turn to digital marketing to boost sales, ERP will provide them with all of the tools they need to stay on track. Modern ERP systems will incorporate social media marketing, SEO analytics, and a variety of other marketing channels to bring all of the techniques together at one location

14. WHAT’SNEXT ?? • Due to these new ERP trends and advancements, a wide range of ERP deployment softwares are available in the market. • And, without a doubt, many businesses will migrate their on-premise ERP systems and opt for the cloud solutions. • Businesses who currently have a cloud ERP will emphasize on maximizing the cloud's additional benefits in order to improve customer service and support. • BatchMaster's team understands your business challenges and works with you to find the optimal way to keep your operations running smoothly. • Our ERP is Next-Gen ERP software that can incorporate all the latest technological breakthroughs and is accessible both on-premise and cloud. • Please contact usfor a detailed discussion of your requirements and how we can assist you.

15. TAKEAWAY Every year, new and exciting, cutting-edge technologies are being introduced to workplaces and factory floors. Businesses must implement  ERP systems to perform planning, execution, and evaluation processes in order to satisfy the demands of an ever-changing business environment. They must employ critical business procedures to attain their strategic business objectives. ERP took a long time to catch on, but it is already changing the way factories and other businesses operate. ERP will continue to evolve significantly in 2022. Nevertheless, we hope that this presentation has helped you in remaining updated about the future trends for the upcoming year. 

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