So, you decided to update your ERP software. Maybe you have a legacy system that’s outdated and difficult to maintain, or maybe there’s been a change in management, and you’re looking into whether there’s a better way to streamline your processes. No matter why you want to switch ERP software, you need to make sure you do your research.

Modern ERP Software

Modern ERP software can help mitigate security issues, make your team more productive, and manage your processes more efficiently than your old system. With so many options out there to choose from, it’s difficult to know what to look for.

Considerations & Key Things to Look for

Modern ERP software can give you more customization abilities, a better user interface, and more robust security. Make sure your ERP software stands up to the test of time by looking for a few key features that will help your company stay ahead.

Scalability

Ensure your ERP software is future-proof. When researching software options, look at what API connections the software has. Are you able to customize the modules you use as your company evolves? A modern ERP software should be able to adapt to new integrations, changes in regulations, and technological advancements.

Mobility

The Bureau of Labor Statistics published that in the first quarter of 2024, 35.5 million people teleworked. Because remote work is increasingly common, it’s important to have ERP software that allows your team to access their data remotely. Being able to work from anywhere means you need software that allows your team to complete their tasks on the go.

Cloud ERP software allows for more flexibility; your team can access their data from anywhere as long as they have an internet connection. You should also look for ERP software with a user-friendly mobile interface to reduce the learning curve that comes with implementing new tools.

Long-Term Costs

Say goodbye to the expensive upfront costs that come with legacy ERP systems due to pricey infrastructure and hardware updates. Modern ERP software is usually cloud-based and priced with a subscription model, meaning your ongoing maintenance costs will be more predictable and cost-efficient.

While researching modern ERP software options, look at the pricing structures and review what’s included in each tier. ERP software is a long-term investment, so make sure the cost fits in with your budget.

Customization

Not every company has the same processes, software, or even integration needs, so your ERP software shouldn’t be a basic, one-size-fits-all solution. Look for software that allows for low-code or no-code customization, so you don’t have to hire a developer. This will allow you to customize reports, edit forms, and modify workflows without needing to deal with confusing and complicated programming languages.

AI Functionality

Just like with every other aspect of modern business, AI functionality is important in your ERP software too. Many ERP software have started using AI for automating tasks and workflows. Features like predictive analytics, virtual assistance, and other AI-led automations can help with team productivity and system efficiency.

Security Features

With modern ERP software, your data is extra protected thanks to data encryption and built-in continuous monitoring. Look for systems that utilize role-based access control so you can control which team members get access to specific data, reducing the likelihood of accidental leaks.

Data management features need to be in place for compliance with data regulations, and built-in audit trails ensure every action is tracked properly. You should also make sure your ERP software has a documented plan in case of suspicious activity, so your system is prepared if a security incident occurs.

Modern ERP Software Options

When researching modern ERP software options, look for a product that specializes in your industry and works for the size of your company. Some ERP software options are tailored to small businesses, while others are preferred by large companies. Ideally, you’ll get ERP software that can help you organize and manage multiple business processes throughout departments.

Modern ERP Software

An in-depth ERP software comparison is necessary to ensure your new software meets all your business needs. With so many options to choose from, the easiest place to start is to look at some of the most used ERP systems out there.

A few common modern ERP software options are:

  • Acumatica: Suitable for many industries with strong features tailored for manufacturing and retail
  • Dynamics 365 Business Central: Designed for mid-sized and large companies with strong customization capabilities
  • Epicor: Great for mid-sized businesses with strong features tailored to manufacturing
  • Infor: Suitable for many industries with features that can be tailored to fit your field
  • Odoo: Designed for small to mid-sized businesses with strong customization capabilities
  • Oracle NetSuite: Can take on companies of any size, allowing for scalability
  • Sage Intacct: Great for small to mid-sized companies primarily focused on managing finances and inventory

Choosing modern ERP software is extremely important for your business processes. Choose right, and you’ll ensure efficient workflows for years to come; choose incorrectly, and you end up with data silos and confusion across teams.

Do your research and make sure you keep in mind where your company is currently, and what the growth goals are for the future. Once you know which ERP software to use, the only thing left is to figure out how to manage your data integration. Luckily, eOne Solutions has the answer.

ERP Modernization with eOne Solutions

Get full control over your ERP data with the eOne iPaaS. With SmartConnect and Popdock, your team can get access to the right data at the right time.

Transfer your data from your legacy ERP system to your modern ERP system using SmartConnect. It allows you to choose when and how your data syncs across your systems and allows your team to take control over your data, without needing a developer.

With the power of Popdock’s virtual integration, you can see your legacy data without needing to migrate it into your new ERP system. Search and report on your data with an integration system that was made to scale with you.

Closing Thoughts

When researching modern ERP software options, it’s important to consider your main motivations for switching. Make sure your new software has all the capabilities you need to keep your processes running smoothly, and let eOne Solutions take care of your data integration. Together, we can future-proof your ERP system and set your company up for success.