2018 is the year of the cloud technology which can transform the ways of people for doing the businesses. Customers are expecting to get more benefits from the analytics capabilities of a cloud ERP software.
Today ERP vendors should have the visibility control on the ERP software and they should have the control on the complete project life cycle phases, so that it can be understood that where the project is going risky or over budgeted.
To develop artificial intelligence in the organization, companies should adopt the strategy of feedback loop so that after learning from the mistakes, incremental changes can be performed easily. It helps in cutting the financial and accounting costs.
Some big ERP vendors also develop the applications and advanced analytics But it is applicable only in the specific business areas. Most businesses are not even ready to invest in this sector. So it can be said that the business future of these big ERP vendors is in danger.
In big businesses, there is a CPM system (corporate performance management system) to manage the complex ledgers and accounting systems so ERP vendors have the need to develop these CPM systems to remove the accounting complexities.
Hope you have liked this post ! Thanks for liking the post !
No comments:
Post a Comment