Small and medium-size businesses (SMBs) are expanding their customer bases and becoming more active in markets around the world. But with this growth comes a higher level of competition against global businesses. In order to stay ahead of those competitors, an article on Host Review stated, automated data collection software and ERP solutions will prove to be critical for SMBs.
"ERP software is designed to achieve this, by integrating business processes, functions and workflows within a single IT architecture," the article stated. "It provides one ‘source of truth’ and supports the efficient flow of information across the organization."
Historically, it has been believed that only large corporations can benefit from and have the resources to implement an ERP system, the article stated. This is not the case. Smaller organizations can and have deployed the management technology and more vendors are catering to SMBs by offering additional services for companies of this size.
ComputerWorldUK reported that businesses will continue to benefit from ERP solutions in 2013, as more options hit the market. Another trend expected for next year is ERP providers embedding social collaboration into their solutions. In 2012, many vendors like Oracle and SAP did this, and they will continue to upgrade these services in 2013 while educating companies on how these tools can benefit their organization.