Digital transformation can be described as the use of new, fast-changing digital technology to solve problems and fundamentally change how a company delivers value to its clients. Cloud Enterprise Resource Planning (ERP) systems can enable digital transformation by providing a flexible framework for driving performance and supporting scalability, innovation and growth.
The real value of a cloud ERP system is unlocked by tailoring the solution to the type of industry and business processes of a company, allowing accurate operational insight through intelligent reporting, data analysis and dashboards.
Software products such as Oracle Netsuite’s Cloud ERP are among the first ERP solutions to deliver on the promise of intelligent, integrated and simpler applications for mid-tier businesses. It also allows for easy customisation and simplified integration of the solution with legacy systems or specialised applications.
According to Oracle, the following seven critical elements should be evaluated when choosing a cloud ERP solution:
CLOUD ERP SYSTEMS ALLOW BUSINESSES TO FOCUS ITS EFFORTS ON GAINING A COMPETITIVE ADVANTAGE WHILE ENJOYING THE BENEFITS OF ROBUST, BEST-PRACTICE BUSINESS SYSTEMS.