In the digital age, businesses in every industry face increasingly nimble competitors and customers demanding faster and more personalized experiences.
The focus of system investment and innovation falls increasingly on user experience and external digital interactions. This can leave core ERP systems underappreciated or taken for granted.
Simultaneously, the landscape of legacy ERP itself is undergoing rapid, profound change, as cloud-enabled software-as-a-service solutions replace in-house applications and consumption of IT shifts toward a simplified, apps-centric model.
Business leaders are thus compelled to reassess the role of their ERP systems and grapple with a couple of searching questions:
How can they continue to drive returns from prior investments in ERP while also transforming for the non-stop, predictive digital world?
How can they integrate their ERP rapidly and securely into their expanding digital ecosystem?
The successful, competitive business we envision will be able to do a number of things well. Simply stated, it will be faster and increasingly responsive, connected, agile and predictive.
Reimagining the role of the Enterprise System is a good place to start.
It’s time to move away from ERP’s legacy as a largely passive system of record and toward a reimagined and revitalized Enterprise System of the future: open, more forward looking, and acting as a unifying platform.
The high velocity enterprise creates new business capabilities that were not possible before—through leveraging ERP assets accelerated by New IT, extended by digital capabilities, enabled by solutions, and underpinned by what the wider ecosystem now offers.
The optimal way to assemble all these elements is to build for change and at speed.