Enterprise ERP Technology Value Matrix 2023

Enterprise ERP Technology Value Matrix 2023

In today's fast-paced business environment, large companies are increasingly adopting Enterprise Resource Planning (ERP) software to ensure the future success of their operations while enhancing flexibility and agility. Customers now require ERP systems that can support multiple business lines, geographies, mergers and acquisitions, and process standardization. As a response, ERP vendors have focused their development efforts on incorporating generative AI, analytics, and planning solutions, which together form a powerful suite of decision-automation tools.

Within the next two years, we anticipate that users will leverage the capabilities of their ERP systems to a much greater extent. These systems will provide automated suggestions, complete with system-generated explanations, across various areas such as sales pitches, hiring and onboarding, cashflow management, scheduling, and supplier and carrier selection. This integration of advanced technologies within ERP platforms will enable businesses to streamline their processes, drive efficiency, and improve decision-making across multiple functions.

When evaluating prospective ERP platforms, it is crucial for organizations to consider the entire offering beyond the core ERP functionality. The enhancements and features provided by the platform as a whole, including generative AI, analytics, and planning solutions, will play a significant role in determining the long-term value and effectiveness of the chosen ERP system.


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