ERP Needs Relevant Functionality In 2023
SearchERP, January 6th, 2023
ERP systems are becoming increasingly critical to help organizations mitigate changing business issues. But ERP needs to include new technology and capabilities to stay relevant.
The ERP industry is currently facing a paradox.
Many organizations are depending on ERP systems to manage an increasingly complex business environment -- and are demanding functionality to handle new issues. Yet they remain yoked to outdated infrastructure models and legacy ERP software.
The cost and complexity of upgrading ERP systems is still a hard sell for many companies. But new functionality and integration with outside systems will help ERP systems meet the changing needs of their customers and make for an easier sell, analysts said.