The Evolution of ERPLong story short on how ERP has impacted businesses growth.
The Short Story of ERP Systems– (Enterprise Resource Planning Systems)
ERP systems are computer software programs that support business management, including modules supporting all functional areas, and providing a flow of information between these functions in a consistent and visible manner.
Over recent years, ERP systems have evolved considerably, helping small, medium and large businesses be more efficient and grow faster.
Social, mobile and cloud platforms have also seen a rapid change in the last decade, and ERP systems have caught up with these advancements in order to stay relevant.
The Beginnings of ERP Systems and the Rapid Change in Business = Trepidation
The beginning of ERP systems began in the 60s. Originally focused on manufacturing, early systems were known as both Material Requirements Planning or MRP systems. During the late 80’s, ERP systems started gaining in popularity. At the same time, most businesses were moving from pen and paper to the computer. The rapid shift of technology in conjunction with a relatively complicated and expensive product meant many businesses found ERP systems were not fit for purpose in those early days.
ERP Systems Technology Advancement
ERP systems gradually became a norm for many businesses, as we approached the year 2000. The big boom in technology advancement led to explosive growth and a rapid adoption of ERP software. Therefore, as technology progressed, ERP solutions were able to address specific pain points and became more configurable to deal with differences between individual businesses. Today, ERP systems such as MYOB Exo have been able to improve efficiencies within businesses to an extent not possibly imagined before.
Today, technology continues to advance at a rapid rate. With mobiles, computers, software and other systems all moving to ‘the cloud’.
Cloud-based ERP Systems (also known as Software as a Service, or SaaS) allows users access to sophisticated software applications. These run on shared computing resources via the Internet. Cloud ERP solutions are more accessible and more mobile than their traditional on-premises counterparts. Companies can upload and access data in real-time via the cloud, from any device, allowing for greater and faster collaboration among departments. The model is extremely scalable, as you pay only for what you use. You can scale up or scale down as required.
MYOB has embraced technological evolution and has invested heavily in building the most suitable solutions for Australian companies. ERP solutions such as Acumatica, marketed exclusively by MYOB as MYOB Advanced, is a cloud-based solution that is aimed at mid to large sized businesses. MYOB Advanced was introduced as the newest cloud ERP system in MYOB’s product portfolio in 2015. In 2018, it has been named the number one choice of ERP for Australian Business. This shows how Australian businesses are following worldwide trends to stay ahead of their competitors.
Looking into the future with your ERP
ERP systems have evolved dramatically over the years and their current capabilities are vast. The technology helps businesses create the most innovative and competitive environment to serve client needs and make informed decisions. Therefore, it is important to be using the right ERP solution to match your business needs and functionality requirements.
Principal writer for The Wall Street Journal, Bill Allison also predicts that “Tomorrow’s ERP will enhance the ability of organisations to apply context to decision-making and adapt more easily to changing events.”
At Kilimanjaro, we understand the importance of choosing the right software for your business. We are here to help you by understanding your business needs better. Likewise, we will guide you to use technology to improve efficiencies in your business.
Thus, if you are just beginning your ERP journey and you are not sure which system is best suited to your business, visit our page here. To find out what is the difference between MYOB Exo and MYOB Advanced check the 8 key differences article.
For any questions, feel free to give us a call on [tel]1300 857 464[/tel] for a free consultation today or fill out the contact form below and one of our experts will give you a call.
Allison, B. (2013). The Future of ERP, The Wall Street Journal, Deloitte edition. http://deloitte.wsj.com/cio/2013/07/09/the-future-of-erp/