FEATURE : ERP
DUE TO ELEVATED STRESS LEVELS AND CONSTANTLY CHANGING CIRCUMSTANCES , IT IS COMMON FOR FUNDS TO BE MISPLACED OR UNACCOUNTED FOR .
lets them get the benefit of prioritising their greatest challenges in implementation , then extending or growing their use of ERP as they need to . This approach is favoured by most businesses as it ties the returned value to the cost and effort of implementation .
Leading businesses have a customer-focused strategy for success . ERP that delivers improved customer responsiveness and digital experiences through eCommerce and other applications , helps build an experience digitally where customers can self-serve highly tailored solutions , which is desired .
Enterprises are looking to have a choice for cloud , portability and parity . The ability to choose how to deploy the solution-either on cloud or on-premises , to have the exact same functional solution , with no forced timings for upgrades , or restrictions on how to customise the application to suit their business model allows customers to tailor the applications to make it their own .
“ Enterprises want to optimise their agility to be able to react at speed whenever required ,” says IFS ’ Ersen .
Organisations also want a one-platform solution built for a specific industry , designed to improve granular processes and support high-level strategic decisionmaking with features and flexibility focused on that industry . The solution should efficiently perform in complex environments , seamlessly transition into the company ’ ecosystem , and enable a delightful and intuitive user-experience .
Niche players
Global Business Travel Association revealed that on average 1 out of 5 reports have errors . Companies process around 51,000 expense reports each year meaning companies around the globe spend , on average , half a million dollars and nearly 3,000 hours correcting errors in expense reports annually , highlighting the need for integrated spend management software .
“ Companies are looking to spend smarter , maximising ROI on every spend , automating processes and focusing on long-term sustainability over short-term growth ,” says Qashio ’ s Moradi .
Due to elevated stress levels and constantly changing circumstances , it is common for funds to
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