Business management software that used to coordinate back-office functions has evolved into a larger role of integrating and synchronizing business processes throughout the value chain. In a soon-to-be-released report on the global enterprise resource planning market, Zion Market Research is predicting growth through 2020. This success comes on the heels of an increased focus on data collection for improved strategic analysis. With more business intelligence, companies need more sophisticated tools to manage this information in order to optimize processes. 

Even though it's a mature technology, the ERP of today is very different from its predecessors. Modern manufacturing ERP software connects workers with valuable data on mobile devices all over the world, and provides full visibility of critical activities. 

A central point of information
Business models need to be able to change rapidly in order to meet new demands. This flexibility requires business processes that can be synchronized with one another as part of an integrated system. This need for flexibility and synchronization makes ERP a very valuable tool for optimizing process efficiency.

Ability to add modules as needed
ERP software is not a one-size-fits-all solution, and every ERP program is different just like every business is different. Rather than purchase a huge suite of features just to use one or two portions of it, enterprises have the option of adding as little of or as much of the functionality they need. The modular nature of ERP gives an enterprise the freedom to implement portions as needed, including functions serving inventory management, production, accounting and sales. 

Opportunities in the cloud
One of the most exciting new trends in the market has been cloud-based ERP software. Embracing cloud technology has added new functionality and flexibility to ERP platforms. The elasticity of cloud software is a more cost-effective option for growing businesses. Rather than investing in the hardware to host the system on-site, enterprises using cloud ERP pay a flat rate for the software and the hosting is handled by dedicated experts, freeing workers up for more important day-to-day tasks. 

ERP continues to change and grow with the times, and today more than every it's an incredible important tool for streamlining operations. Whether it's used as cost accounting software, inventory management software or manufacturing scheduling, this helpful, sophisticated tool continues to improve processes and synchronize information for businesses. 

ERP software is the essential tool for improving every step of the value chain. Our team can get you started with a robust ERP program, helping you every step of the way from training to implementation to ongoing customization. If your company is ready to take the next step, contact Accent Software today!