The world of Enterprise Resource Planning (ERP) systems, which has long been the backbone of various business operations, is on the brink of a significant transformation. This change could mark the end of the era of ‘traditional’ ERP systems as we know them.
Leading this transformative charge are finance applications and microservices, which are emerging as formidable contenders to the established ERP landscape. Big players in the field, such as Oracle and SAP, are facing a critical decision point. To remain relevant and competitive, they must adapt swiftly to meet the changing expectations of companies embracing digital transformation.
These businesses now demand far more than what traditional ERP systems can offer. While major ERP vendors have taken steps to integrate digital technologies like automation, blockchain, and cognitive tools into their offerings, the competition remains relentless. New entrants are joining the ERP scene, armed with specialized applications and microservices that seamlessly work in harmony with ERP platforms, effectively reshaping the ERP landscape.
In this dynamic environment, cloud-based ERP solutions are becoming a lifeline for companies striving to stay ahead. With cloud-based ERP systems becoming the new standard, finance applications, and microservices are poised to proliferate. This transformation allows organizations to significantly reduce complexity and costs while retaining crucial functionality.
The ERP transformation is already underway, and businesses must adapt to these changes to thrive in the digital age.
