An enterprise resource planning (ERP) solution is a vital tool for businesses of all sizes. It provides a centralized, integrated platform for managing all aspects of the business, from accounting and finance to inventory and operations. The benefits of an ERP system are many and varied, but some of the most important include improved efficiency, better decision-making, reduced costs and improved customer service. In addition, an ERP system can help to streamline processes and improve communication between departments. By consolidating all of the essential business functions into one system, an ERP solution can help businesses to operate more effectively and efficiently.
Gartner estimates that the global ERP market reached $47 billion this year. Topping the list of solution providers is SAP, whose software helps businesses manage everything from financials and human resources to supply chains and customer relations. Oracle is another major player, offering an ERP solution that covers a wide range of business needs, from accounting and procurement to project management and order fulfilment. Other notable providers include Microsoft, Infor, Sage, Epicor, Workday, Unit4, IFS, and Kenandy. Each of these companies offers a different take on ERP, but all share one common goal: to help businesses streamline their operations and improve their bottom line.
The 2023 Benchmark Report on Enterprise Resource Planning will explore how top-performing companies are using next-generation ERP capabilities to integrate business processes and automate information flows across back- and front-office functions to reduce operating costs and drive profitable growth based on best practices IT market research. It will benchmark the best practices of top-performing companies in terms of not only technology implementation but also business processes, employee resources and metrics for tracking and measuring success. It will provide insights into what important factors to look for when selecting a technology partner, how to overcome common obstacles during the implementation process, and how to maximize the value of a next-generation ERP solution over time.
The survey that serves as the basis for the research findings launches this quarter. The new benchmark report will publish in Q1. Underwriting partners have not yet been announced. If you are an ERP technology solution provider and you wish to learn about the opportunity to participate as an underwriter, please contact Marv Allen at Starfleet Media.