When it comes to ERP software there are many different types. Most of the big enterprise software providers and leading Enterprise Resource Planning (ERP) firms are improving their SaaS (Software-as-a-Service) portfolios to compete. In the hyper-competitive digital business world, the leading providers want to provide customers everything from a single supplier. Often called 'best-in-class', SaaS technologies allow you to mix and match various elements of specific software and other software together into one integrated package.
In recent years, we have seen companies like Adobe buying Marketo - the marketing e-commerce platform, and Oracle buying a number of smaller companies to add to their respective portfolios. However, market analyst Forrester thinks that as an alternative to buying one complete software suite at a time, CEOs, CIOs and other business decision-makers should closely inspect a software portfolio to see if it meets their business requirements. They should also inspect closely their software’s ability to integrate with other third-party products.
Upgrading Existing Software
Many businesses run heavily customized systems that include separate software for their various departments. Upgrading multiple systems simultaneously can be a challenge for most companies. For example, upgrading from an on-premise ERP to SaaS will inevitably require companies to streamline processes in order to get the most of out their investment.
Often, this unwillingness to make such a huge shift is what stops companies from making the transition. One of the best ways to overcome this problem is to choose a provider that can accommodate both of these features. This can lead to situations where one-time bill payments can be replaced with subscription-based billing.
Is a Universal ERP Platform Unrealistic?
Leading ERP providers like SAP and Oracle have software product portfolios or ERP systems that do not claim to hold all an enterprise's data. One of the reasons for this might be that these big companies are more interested in creating their own complete suites rather than builds systems that can readily be integrated with other systems.
However, IFS is different. It provides one of the most complete ERP suites based on its component-based architecture. Built on its award-winning and innovative IFS Applications 10 base, IFS built it using layered application architecture and technology. IFS Applications 10 contains modules to manage multiple departments like:
- IFS Financials
- IFS Human Capital Management
- IFS Engineering
- IFS Projects
- IFS Manufacturing
- IFS Supply Chain
- IFS Sales and Service
- IFS Maintenance
- IFS Business Enablers
They might not satisfy all of your enterprise's requirements, but it will definitely check a lot of boxes. Module-based architecture means you can add or remove modules based on your requirements.
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ProV International Inc. is a global IT services organization and award-winning IFS ERP partner committed to providing high-end technologies to make the day-to-day of running a business easier and more cost-efficient. Contact us for more information on our customized methodologies to increase your ROI.
