The start of 2020 is the perfect time for multi-Latin corporations to take stock of their recent accomplishments and start planning how to achieve even greater success in this new decade.
Part of that planning should include understanding how Enterprise Resource Planning (ERP) systems, which continue to evolve in significant ways, can give their business a competitive edge.
If you lead a Miami-based company with plans to expand or open subsidiaries in the coming years, consider these 3 critical trends that will likely affect the future of ERPs.
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#1: Everything is Moving to the Cloud
Cloud computing — in which software is accessed via the internet instead of through on-premise hardware — has transformed ERP technology over the past several decades and will continue to shape its future going forward.
This is great news for small and medium-sized (SME) enterprises, as cloud-based ERP software is generally more affordable and flexible than traditional technology.
It also makes it easier for corporations with subsidiaries in multiple countries — conducting business in multiple currencies and subject to different accounting requirements — to standardize data and business processes across all their global operations.
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#2: ERPs Incorporate Advanced Technologies
Artificial intelligence (AI) may still sound like something out of a science fiction movie, but the truth is that the advanced technology is already here — and it is being incorporated by many ERPs.
In fact, at its annual conference in Las Vegas last year, Oracle NetSuite announced the addition of new machine learning and artificial intelligence features to its Enterprise Management Cloud suite to help companies understand their current state and predict future trends.
AI programs embedded within ERP software can also automate certain tasks — such as invoice processing — while improving how users interact with and navigate their business management platform online.
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#3: Greater Automation on the Horizon
Another top ERP trend set to continue is the shift toward greater automation, in which systems manage and complete tasks traditionally carried out by humans.
Much of the work ERPs are already designed to do involves gathering data and producing and distributing reports or other documents, making the software ripe for a higher level of automation.
Greater automation within ERPs will greatly benefit business owners, as it will free them from devoting valuable time to overseeing tedious accounting processes.
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The Experts in NetSuite Implementation
Founded in 2009, OneSystem LatAm has over a decade of experience helping multi-Latin corporations grow their business and achieve greater success through the implementation of Oracle NetSuite, the #1 cloud-based ERP in the world.
If you lead a Miami-based corporation with plans to open or expand subsidiaries in 2020, you need to work with OneSystem LatAm, the undisputed experts in NetSuite implementation for growing multi-Latin corporations.
Contact us here: https://tinyurl.com/rebhgru or call one of our sales reps at +1-786-600-2641 today to learn more.
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