An enterprise resource planning (ERP) system is the key to integrating different business functions across an organization. Rather than data living in silos, it’s integrated into a single digital space so business platforms such as supply chain, customer relationship and financial management are all accessed from one portal, and the combined data is a single source of truth enterprise wide. The extensive growth of ERP system adoption illustrates its importance to successful businesses.
Why have ERP systems gained such popularity? Because a shared database of information for employees and decision-makers is a direct path to peak levels of business performance.
A Few Critical ERP Statistics to Know
ERP Market Statistics
A core system for businesses, ERP tools are driven by market characteristics such as widespread digital adoption, thriving global trade and vast amounts of data that need to be tracked, maintained and analyzed. ERP market statistics show the move toward increased usage and global demand.
ERP Implementation Statistics
To execute a successful ERP implementation, companies must have a clear vision of new system requirements to create alignment throughout the organization. Choosing the right vendor and assigning an internal implementation team increases the chance of project success.
Although ERP implementations can be challenging, data and statistics show many companies exceeding and even surpassing implementation efficiency expectations.
ERP ROI Statistics
Organizations use ERP to become more efficient and cut costs. Statistics on ERP return on investment (ROI) highlight the benefits of the technology.