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If there was one big lesson to learn from 2020 for businesses, it was that having the right software is paramount to survival in times of crisis. The pandemic hit companies hard, and those lacking in software felt the impact more than others.
This year, IT spending is predicted to grow by 6.2%, with enterprise software expected to have the strongest rebound at 8.8%. IT managers will be looking to strengthen their software and allow for increased flexibility and adaptability.
Enterprise software, also known as enterprise resource planning (ERP), allows a business to accommodate all its needs with innovative management tools, apps and cloud-based software. Employees can use the software across multiple devices at any time and from anywhere in the world. Businesses looking to make use of ERP in their operations may want to reach out to the likes of the SYTE Consulting Group for assistance with this.
In this article, we look at the best enterprise software that will fuel the IT spend rebound in 2021.
The Top 3 Enterprise Software Solutions for 2021
Brightpearl
The retail sector was majorly shaken in 2020, as brick and mortar locations were forced to close and eCommerce became vital for survival. Brightpearl is an ERP designed explicitly for the retail sector to help companies bring all their essential systems into one easy-to-use platform.
Business processes – including orders, inventory, customer data, accounting and reporting – can all be accessed, viewed and worked on within one digital environment. Brightpearl focuses on multi-channel retailers, allowing them to run the company online and offline across various platforms.
Automation is key to this ERP’s success, allowing companies to record orders, invoices and payments, acting as bookkeepers. This helps to drastically reduce the amount of time and pressure associated with a company’s accounts.
Users also get access to real-time reports, such as inventory, profitability, cash flow, customer behaviour and much more. The pricing is flexible, making Brightpearl accessible to all retail businesses, both big and small.
Infor
Infor offers a full suite of complete business management options, including the ERP plus exam and product lifecycle management. Infor is designed to suit the manufacturing industry, helping to streamline and automate simple and more complex business processes. The aim is to make manufacturing a lean, well-oiled machine.
Infor can also suit other industries beyond manufacturing, but manufacturers will get the most out of this ERP. For example, the Infor10 ERP Process Business is specifically designed for manufacturing companies working within the chemical, food and pharmaceutical industries. Whereas, the Infor10 ERP Express is designed for aerospace and defence, automotive, and machinery manufacturers.
The above versions of the software include unique tools and modules that help businesses within those industries, so choosing the right version of Infor is important, but it is made simple by the friendly team.
Infor is also integration-friendly, allowing other software, tools and apps to seamlessly connect to the ERP, such as process management, Microsoft 365, workflow management and event planning. It all works in harmony to help boost the efficiency and productivity of your business.
SAP
SAP has been around for a long time, and it is one of the most-trusted and best-performing ERPs on the market. It continues to evolve and improve year-on-year, making it an excellent choice for big businesses and SMEs with its all-in-one solutions.
The all-in-one solution has now taken on a new name, “SAP S/4HANA ERP”. This option has helped attract many smaller businesses, which has proven useful in helping these companies scale up.
SAP can be used for businesses from all major industries, giving it the most comprehensive selection of modules for organisations to choose in their implementation, including:
- Marketing and sales
- Field service
- Product design and development
- Production and inventory control
- Human resources
- Finance and accounting.
For companies that are yet to jump on the ERP bandwagon, SAP is a great starting point to test the water. The staff are accommodating and can ensure you get the right package to align with your company’s operations, processes and business goals.
There are a few SAP versions to choose from including S/4HANA (formerly known as All-in-One), ERP for Small and Midsize Enterprises, plus some specialist ERP versions designed specifically for financial planning, accounting, governance and more.
Microsoft Dynamics 365
How could we leave out Microsoft from the list? We simply couldn’t. Microsoft Dynamics 365 is possibly the most well-known and fully rounded ERP system on the market. Today, it continues to evolve and move with the changing demands of modern business.
MS Dynamics is an innovative and state of the art cloud-based enterprise resource planning (ERP) system. You get advanced customer relationship management (CRM) capabilities built-in via Microsoft Dynamics CRM and the intelligent Microsoft Dynamics AX for handling finance and accounting processes.
The combined forces of all three solutions provide companies with a smart and efficient system capable of meeting an organisation’s entire operations with relative ease. You get access to a whole host of data-driven insights and recommendations that help a business grow and scale with flexibility.