Why micro-vertical focused ERP solutions are the need of today and the future

Sep 08, 2023
Infor | 4 min READ
    
Enterprise Resource Planning (ERP) systems have changed significantly from their original purpose of streamlining internal corporate processes in recent years. ERP systems are becoming proactive engines that can drive operational strategies rather than only being passive archives of corporate data due to the advent of digital disruption. Due to this change in the function of ERP systems, there is an urgent demand for micro-vertical focused ERP solutions that provide industry-specific capabilities and flexibility to respond quickly to shifting market dynamics.
Joher Aurangabadwala
Joher Aurangabadwala

Global Practice Director –

Infor

Birlasoft

 
This evolution is validated by market research. Projections for the Enterprise Resource Planning Software market suggest an impressive revenue milestone of US$49.38 billion by 2023. Additionally, the forecasted average expenditure per employee in the same market is predicted to hit US$14.19 in the same year.
This rise in investment strongly indicates the strategic importance businesses are increasingly placing on ERP systems and the transformative potential they hold for future operations.
Unraveling the Potential of Micro-Vertical ERP Solutions
Micro-vertical focused ERP solutions, like Infor's industry-specific cloud-based ERP, have carved out a unique position within the broader ERP software landscape. Tailored to address certain industries' specific needs, they provide a suite of benefits, leading to a transformation in business operations.
They incorporate industry-specific standards, rules, and workflows, allowing organizations to meet sector-specific criteria successfully. For instance, an industry-specific micro-vertical ERP for the manufacturing sector might have modules for inventory management, production planning, and quality control, among others.
The capacity to respond swiftly to shifting demands and problems is a priceless advantage as industries strive to navigate the complex nuances of their niche markets. This adaptability is provided by micro-vertical ERP solutions due to their industry-specific focus, enabling companies to stay ahead of the curve, align their operations with market trends, and leverage the latest technological developments in their particular industries.
Stay Ahead
Visit our Infor page
Micro-vertical ERP solutions can also significantly reduce the time required for system implementation, leading to faster value realization and a higher return on investment. In today's fast-paced business environment, time saved translates to value gained, and thus, faster implementation directly contributes to operational efficiency and profitability.
The Proactive Approach to System Health Checks
One of the key elements ensuring any business operation's smooth functioning is its systems' health. Traditional methods of system health checks are largely reactive, resulting in costly downtime and delayed problem resolution. However, ERP solutions revolutionize this approach by transforming it from a reactive process into a proactive strategy.
For instance, disruption in a single process can bring the entire system to a halt, causing significant operational disturbance. By proactively identifying and resolving potential issues, Infor's cloud-based ERP solutions can prevent such system downtime, ensuring continuity of operations and minimizing revenue losses.
Embracing AI and Micro-vertical ERP Solutions
Micro-vertical focused ERP solutions, particularly when paired with AI, are increasingly becoming a necessity rather than a choice as we navigate an intricate business environment characterized by volatility and competitiveness. In today's changing marketplaces, they offer a level of detail and flexibility that is essential, reduce the burden of manual work, and significantly enhance user experience.
Furthermore, AI plays a crucial role in these solutions. Real-time decision-making and advanced analytics are made possible by AI, which also brings automation and predictive abilities to the table. This results in enhanced operational efficiency and strategic insights. Thanks to AI's ability to learn, adapt, and improve over time, these systems can evolve with the organization, ensuring their utility remains constant even as business environments change and evolve.
CFOs Definitive Guide to Cloud Transformation
Integrating AI into ERP solutions takes their potential to a whole new level. The power of AI to automate and streamline processes significantly reduces the need for manual intervention, leading to considerable cost and time savings.
AI-powered ERP solutions serve as an essential tool in the modern business arsenal. The platform helps predict and mitigate potential issues before they become significant problems, minimizing downtime and ensuring business continuity. Furthermore, by enhancing the user experience, these solutions can increase employee productivity and satisfaction, leading to better business outcomes.
For example, in an e-commerce operation, a minor error in inventory management or product tracking can lead to a delay in delivery, causing customer dissatisfaction. An AI-enabled, proactive monitoring and resolution approach would detect and rectify the issue in advance, maintaining the operation's fluidity and preserving customer satisfaction.
The Future is Micro-vertical: Embracing Infor ERP Solutions
As we enter an increasingly complex business environment characterized by volatility and competitiveness, micro-vertical focused ERP solutions, especially those powered by AI, are more of a necessity than a choice. They offer a level of detail and flexibility that is essential, reduce the burden of manual work, and dramatically enhance the user experience.
Moreover, AI plays a critical role in these solutions. It enables real-time decision-making and advanced analytics while bringing automation and predictive abilities to the table. This results in increased operational effectiveness and strategic insights. These systems can evolve with the organization thanks to AI's capacity to learn, adapt, and improve over time, ensuring their utility remains constant even as business environments change and grow.
Cloud-based ERP solutions are a prime example of this kind of system. They are designed to integrate seamlessly into a company's existing workflows, offering industry-specific capabilities without extensive customizations or integrations. By providing automatic upgrades that deliver the latest advances in enterprise functionality, these solutions allow organizations to stay on the cutting edge of technology, further emphasizing the importance of embracing Infor ERP solutions in the future.
 
 
Was this article helpful?