Business operations today are like a well-oiled machine, and the oil that keeps them running smoothly is often an Enterprise Resource Planning (ERP) system. In the ever-evolving world of ERP, this year has brought to the forefront some compelling trends. Each of these trends is like a gear, working together to drive businesses towards more efficient, intelligent, and flexible operations.
Composable ERP Systems
Think of Composable ERP systems as a big Lego set for businesses. You’ve got a box full of blocks – some big, some small, each with a unique role. You can pick and choose the ones you need, snapping them together to build a structure that’s perfect for your business. That’s the power of Composable ERP systems. They offer businesses the flexibility to design their ERP system piece by piece, resulting in a tailor-made solution that adapts to ever-changing business needs like a glove. Business Central supports the “composable” approach through its modular structure and integration capabilities. Users can customize and extend their system using Microsoft Power Platform and Azure services. Moreover, the AppSource marketplace offers a plethora of extensions developed by Microsoft partners for specific industries and functionality.
AI and Machine Learning Integration
Imagine having a detective like Sherlock Holmes in your business, finding patterns, predicting outcomes, and giving intelligent suggestions. That’s what Artificial Intelligence (AI) and Machine Learning (ML) bring to your ERP system. They automate the mundane, freeing up your time for more strategic activities, and provide intelligent insights that enable you to make data-backed decisions. It’s like having your personal Watson, making you more informed and competitive in the ever-changing business landscape. The integration of AI and ML in Business Central is like your in-house genius, offering insights and predictions. Features like late payment prediction, inventory forecast, and sales forecast leverage AI to help businesses make data-driven decisions.
Enhanced Mobile Access
In the era of remote work, having an ‘office in your pocket’ has become a necessity. With enhanced mobile access, your ERP system is always within your reach. Business Central’s mobile version offers a consistent experience across Windows, Android, and iOS devices. You can execute key tasks and roles from your mobile device, enjoying the same intuitive, user-friendly interface you do from your desktop. It’s about having your business operations at your fingertips, no matter where you are.
Cloud-Based ERP Systems
Cloud-based ERP systems are like your virtual office space. You can access it from anywhere, without worrying about the nuts and bolts of maintaining servers or infrastructure. This shift towards the cloud offers businesses the freedom to scale up or down as needed and focus on what they do best – running their operations. It’s a trend that embraces the future, giving businesses the flexibility they need to navigate the winds of change.
The Internet of Things (IoT) in ERP systems is like having a team of investigators constantly gathering clues from a wide spectrum of data sources. These clues – or data points – help businesses understand their operations at a granular level, identify inefficiencies, and streamline processes. It’s about staying one step ahead, making the most of the real-time data at your disposal to make informed strategic decisions.Business Central’s ability to integrate with IoT devices allows businesses to collect real-time data from their physical operations. Whether it’s tracking inventory levels using RFID tags or monitoring production lines with IoT sensors, the integration of IoT data into Business Central enables businesses to make informed, timely decisions.
Microsoft Dynamics 365 Business Central embraces these ERP trends, offering businesses a flexible, intelligent, and accessible solution. By providing a platform that’s adaptable, data-driven, and mobile, Business Central is paving the way for businesses to become more efficient, informed, and agile.