Intelligent CIO Africa Issue 07 | Page 43

FEATURE: ERP “With the advent of trends such as Industry 4.0, we are rapidly moving to a smarter and more automated business environment, and our business management solutions must keep up.” They are designed to support modern ways of working, continues Fenner. “The beauty of the new generation of solutions is that they sweep away many of the barriers that made companies hesitate to invest in, or upgrade, their enterprise applications. Where an ERP installation for a medium-sized or large enterprise could take up to a year to complete in the past, companies can get a cloud-based business management solution up-and- running in a matter of a few weeks or months, depending on their needs. “With the advent of trends such as Industry 4.0, we are rapidly moving to a smarter and more automated business environment, and our business management solutions must keep up.” Ensuring maximum ROI Fenner outlines the following considerations for companies looking to gain maximum ROI from a business management software implementation: are often looking to increase profitability, drive productivity up and costs down. They need a technology solution that will enable growth opportunities both now and into the future. A good ERP solution will provide the foundation with which to leverage new technologies such as the Internet of Things, big data and analytics, social collaboration, mobility and additive manufacturing.” Sage’s Fenner concurs: “One of the most significant reasons to upgrade an ERP platform is to get ready for the next wave of disruptive digital technologies.” Modern business management software is agile, modular and rapid to roll-out. www.intelligentcio.com • The user experience: The software should give employees the ability to access data anytime and anywhere as well as on the device of their choosing. The user interface should be clean and tailored to the employee using it, no matter where they are in the world. • Scalability: A system should support the growing demands of the business as it expands and changes, whether that means expanding into new geographies, adding more employees, or accessing new features and functionality. • Built for digital: The solution must be built for mobile-first customers and employees, massive data volumes, and intelligent connected sensors and devices. • Configurability: A business management solution should be flexible enough to adapt to the organisation’s processes where necessary, while empowering it to enforce tighter process disciplines in its workflow, if that is its desire. Reaping the benefits With organisations worldwide looking to simplify and streamline day-to-day processes in a chaotic digital world, it’s hard to ignore the company- wide benefits that ERP systems can bring. Huxtable emphasises that the benefits to be gained from a business management system are bountiful: “Streamlined business processes, increased efficiency, visibility and potentially a reduction in costs, whether that is labour, outsourcing or effort cost etc.” He also claims that businesses stand to gain a competitive advantage: “Vendor insights into the organisation will allow meaningful management and strategic decisions to be made around the direction the business takes.” Similarly, Sage has seen first-hand the benefits businesses have reaped from ERP systems, Fenner explains: “Many users of modern business management solutions, in our experience, achieve up to 60% revenue growth, increases in productivity in the region of 40%, and efficiency gains of around 60%. These gains come from automating processes, gaining real-time insight into business information and integrating business processes and data across the business.” ERP industry in Africa Despite the positive influence that implementing a business management system can have on organisations, there remains barriers to these solutions in Africa. INTELLIGENTCIO 43