Top Trending 2022
The market for ERP for product-centric organisations is transitioning more rapidly to cloud deployment methods. As part of a composable ERP strategy, ERP application leaders should use this list of trending solution to evaluate cloud ERP application suites.
Strategic Planning Hypotheses
> Successfully renovated ERP platforms will result in at least a 40% increase in IT agility to provide business outcomes by 2023.
> Sixty percent of product-centric businesses will use standardised ERP features on a composable ERP platform by 2023.
> Sixty percent of enterprise SaaS applications will be comprised of packaged business capabilities that deliver data, analytical insight, and operational application services by 2024.
Definition/Description of the Market
Cloud enterprise resource planning (ERP) for product-centric organisations as a market for application technology that supports the automation of operational and financial processes related to the production, distribution, delivery, and servicing of goods. ERP is a basic technology for operating organisations. Cloud ERP is provided by the implementation of a cloud service application.
The fundamental capabilities of product-centric cloud ERP suites consist of the following:
Operational ERP: Supply chain and manufacturing-related skills, including demand management, order management, material requirements planning, inventory management, supply chain/direct procurement, production control capabilities, and distribution/logistics. Financial accounting, subledger accounting, consolidation, and financial reporting are functionalities of financial management.
Optional features of cloud-based product-centric ERP solutions include:
> Management of purchase requests and purchase orders for indirect commodities, services, and capital equipment.
> Human capital management (HCM): For operational resource cost management and staffing.
Modules such as those used for configure-to-order, make-to-order, and field service management; and wider application solutions such as those used for enterprise asset management (EAM) and product life cycle management are examples of specialised, industry-specific modules or applications (PLM).
Top Trending 2022
Acumatica
The solution being included is the Cloud ERP suite from Acumatica. Through a global network of partners, Acumatica caters to midsize businesses. It provides mid-sized enterprises with financial management and operational ERP capabilities. Consider Acumatica if you represent a midsize business in North America or EMEA in search of a cloud-native ERP system.
Epicor
The examined solution is Epicor Kinetic, which provides operational ERP capabilities for broad purposes. Epicor Kinetic is marketed directly and deployed through partners. Epicor has a strong emphasis on delivering operational ERP in the cloud to the midmarket and a clear vision for utilising the Microsoft Azure platform. Epicor Kinetic assists the automotive, retail, distribution, construction supply, and discrete manufacturing industries. Medium-sized businesses in these industries should evaluate Epicor.
Infor
The reviewed product is Infor CloudSuites. Infor primarily concentrated on license-based, single-tenant cloud solutions, but has recently expanded into multitenant cloud solutions. It focuses on the upper middle market, as well as multinational and international corporations. Organizations requiring a powerful operational ERP solution that interfaces well with other corporate applications, such as those used for financial planning and analysis, should explore it.
Microsoft
It provides Microsoft Dynamics 365 Finance and Microsoft Dynamics 365 Supply Chain Management, two distinct yet tightly integrated applications. They are generally designed for medium and big businesses, but are also suited for multinational corporations that require highly specialised regional and industry competencies. Large manufacturing, consumer packaged goods, and retail enterprises that require industry specialty might explore Microsoft and its extensive network of partners and independent software vendor solutions.
Oracle (Fusion Cloud ERP)
Oracle Fusion Cloud ERP, a set of administrative and logistics operational ERP features ideal for big, global, and upper midsize organisations. Nearly half of its customers are multinational corporations operating in a variety of industries and geographies. Oracle's Fusion Cloud ERP should be evaluated by enterprises wanting a complete, internationally supported, enterprise-scale solution capable of tackling a multitude of complex operational workstreams.
Oracle (NetSuite)
NetSuite is largely sold to midmarket businesses, but has a global presence. Its ERP capabilities are suitable to a vast array of regions and industries, including field services, manufacturing, high technology, retail, and wholesale distribution. The offering from Oracle NetSuite should be explored by midsize product-centric businesses wanting a single-vendor solution.
Plex
Through the Plex Smart Manufacturing Platform, it offers operational ERP functionality. Historically, Plex has targeted midsize manufacturing companies. It provides factory execution systems, as well as HCM, financial, and supply chain capabilities, through a multitenant cloud delivery approach. Large firms seeking to optimise factory operations may also explore Plex.
Priority Application
This Cloud enterprise resource planning (ERP) segment, positions Priority Software as a Niche Player. The reviewed product is Priority Cloud ERP. Priority provides both operational and administrative ERP features, mostly for discrete and process manufacturing. Priority has generally focused on EMEA (its native region), but has grown its customer base in North America in recent months. When searching for a cloud-based ERP provider with light operating skills in EMEA and North America, customers in the midsize manufacturing sector might choose Priority.
QAD
It has developed the QAD Enterprise Platform, a cutting-edge technological offering, and integrated operational ERP capabilities throughout the QAD Adaptive ERP product range. QAD primarily targets the automotive, consumer products, food and beverage, high technology, industrial, and life sciences production industries. Consider using QAD to support administrative capabilities and address product-centric objectives, such as quality management, global trade and transportation execution, and demand and supply chain planning, for midsize manufacturing enterprises.
SAP
SAP S/4HANA Public Cloud Edition is the cloud operational ERP system being examined (other SAP S/4HANA deployment choices, including SAP S/4HANA Private Cloud Edition, are outside the scope of this review). In January 2021, SAP introduced the RISE with SAP solution to help customers transition to the cloud. In SAP S/4HANA Public Cloud Edition, customers have access to a large choice of industry-specific add-on feature packs. Globally, SAP offers SAP S/4HANA Public Cloud Edition. Consider SAP S/4HANA Public Cloud Edition if you're looking for a customised, industry-specific, worldwide cloud operational ERP solution equipped to manage moderately complicated workstreams.
Explore more top trending software for 2022:
Explore more top trending software for 2022:
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