According to the most recent McKinsey Global Survey on digital transformations, more than eight in ten respondents say their organisations have undertaken such efforts in the past five years. Digital transformation provides a valuable opportunity to move away from manual processes, increase productivity and efficiency, and allow leaders to focus on more strategic initiatives.
For a digital transformation programme to truly create impact, it requires a solid strategy, foundation, and core: The ERP application. ERP bridges the gap between business challenges and technology, simplifying functions such as finance management, accounting, and inventory management. Cloud-based ERP accelerates the speed of transformation while providing a single version of the truth to business users. When used correctly, ERP guides and supports the business on a daily and real time basis, bringing revolutionary change to processes and how work gets done.
The ERP core contains all the business rules which drive decisions, processes, and other business systems that require data and instructions. This is what will eventually automate the business, drive enhanced return on investment, and create the competitive edge in the modern business environment.
The ERP strategy should be to maximise on all available functionality within the core application, reducing application and process duplication, ultimately reducing cost and business complexity.
Read the full story at ERPNews.com.