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5 ERP Integration Trends to Watch in 2024


If you envision running a successful business with minimum glitches, enterprise resource planning (ERP) 2024 promises to be a transformative year driven by technological advancements and evolving business demands. The ERP market, which has witnessed an 8% growth since 2022, is poised to reach new heights, with an estimated $183 billion in spending on ERP software projected for the year. Renowned experts, including Chris Perry from West Monroe, emphasize the exciting times ahead, which are marked by innovation and a departure from traditional ERP norms.

1. Clean Core Deployment Paves the Way for SaaS ERP

In the world of ERP, the vendors are embracing a clean core deployment strategy in a significant shift, emphasizing standardized processes and data alignment following cloud standards. This approach, championed by Chris Perry, facilitates a seamless transition to Software as a Service (SaaS) ERP models. With SaaS ERP gaining prevalence in 2024, users can now promptly access new features as vendors roll them out, eliminating the need for extended waiting periods associated with on-premises systems. This is a benefit to another level that was not accessible.

2. AI Empowers Industrial ERP

As artificial intelligence (AI) continues its widespread adoption, the ERP landscape is set to witness a surge in AI-powered features. AI-driven ERP systems offer many benefits, from enhancing efficiency and productivity to revolutionizing decision-making. Industries such as distribution foresee AI-driven demand forecasting, optimizing inventory levels, and real-time monitoring of critical processes, improving quality and operational excellence.

3. ERP Modernization Fuels Cloud Migration

The global ERP customer base, traditionally on-premises, is undergoing a paradigm shift toward cloud ERP. Modernization initiatives are driving this change, with organizations exploring cloud-first ERP systems from various vendors, deviating from their existing on-premises setups. Despite economic conditions, companies prioritize spending on core enterprise systems, ensuring their technology aligns with market evolution for the long term.

4. Automation Integral to ERP RFPs

Once a standalone consideration in ERP projects, automation has become integral to Requests for Proposal (RFPs). The scope of ERP RFPs now extends beyond finance, encompassing enterprise performance management, analytics, and various automation tools. This reflects the evolving nature of ERP requirements, with a growing emphasis on holistic solutions that incorporate automation seamlessly into business processes.

5. Analytics Integration: A Crucial ERP Component

In the modern ERP landscape, analytics has emerged as a pivotal component. ERP systems now include analytics as standard offerings, responding to the heightened demand for data-driven insights. As organizations embark on software modernization journeys, analytics features increasingly become a decisive factor in their ERP selection processes. This underscores the evolving nature of ERP requirements, with analytics playing a crucial role in shaping strategic decisions.

As ERP continues evolving from the back office to a dynamic force driving front-end functions, these five trends in ERP integration are set to define the narrative in 2024. The synergy of clean core strategies, AI-driven capabilities, cloud migration, automation, and analytics integration reshape how businesses perceive and leverage ERP solutions, signaling a promising era of efficiency and innovation.

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