1. Artificial Intelligence or AI integration
Artificial intelligence has been the town's chat for a couple of years. But 2021 will certainly be a critical year for the ERP market. Increased usage AI-based ERP is expected to gain a competitive advantage in the business sector this year. This would encourage new ways of data analysis. AI is going to help the company turn thoughts into reality. Automated data collection, compilation and management are becoming effortless with AI influence. IT would help the company get away with unstructured data and organize it to get the best support framework.
AI will play a vital role in optimizing the process and mitigating human error. It decreases the time for data migration and loading. It will quickly monitor working time and plan working hours.
2. Third-party integration
Nowadays, companies are looking forward to ERP tools that can be combined into any other company process. It should be compliant and be combined with the machine tools and other information applications used by the company. IT should be able to operate warehouses, maintain business ties and monitor and manage staff and personnel. At the same time, the program is supposed to operate with all methods.
3. Two-Tier System
Globalization and standardization is the phenomenon of the day. Although companies continue to spread their wings in the international market, they still want to dive deeply into the local market. The two-tier ERP framework focuses on configuring the ERP tool to satisfy both global needs and local needs. It should be appropriate to satisfy the needs of both the corporate world and small companies.
4. Cloud-based ERP
Cloud will be a huge draw in 2021. Cloud lets consumers navigate the strongest and most recent support for ERP. This also lets the company combine the ERP seamlessly with other resources. Unlike other services, you've got to pay for the services you receive. Pay for backup and other service is determined on the basis of the pattern of use. It also provides better data protection. It will also provide you with a structured framework similar to on-site. Cloud acceptance has raised the need for SaaS ERP solutions.
5 Increased use of visual information
A film can affect you more than audio. Likewise, a visualized ERP approach will have a fast effect on the business management system. ERPs such as Odoo can allow users to use text, diagrams, statistics and other fields to provide a more precise and fast understanding of reports and analyzes.