Next-generation ERP solutions, like Sage Intacct and Sage X3, are designed to centralize, streamline and facilitate the improvement of business processes within a company. As the common database and overall platform to connect virtually every department in the organization, these ERP systems support critical functions, such as inventory and purchasing, accounting, sales, and many industry-specific areas of focus, ultimately fulfilling a digital operations platform (DOP) approach that growing companies are adopting.

Next-generation ERP solutions, like Sage Intacct and Sage X3, are designed to centralize, streamline and facilitate the improvement of business processes within a company. As the common database and overall platform to connect virtually every department in the organization, these ERP systems support critical functions, such as inventory and purchasing, accounting, sales, and many industry-specific areas of focus, ultimately fulfilling a digital operations platform (DOP) approach that growing companies are adopting.

All of this enables next-generation ERP solutions to deliver a wide range of impressive benefits for SMBs:

1. The power of automation: One of the first, and most impactful, benefits can come from automation and Artificial Intelligence (AI). Before implementing a next-generation ERP system, SMBs may over-rely on manual processes related to siloed systems and outdated legacy technology. These inefficient processes can waste valuable time, lead to costly errors, and hinder employee productivity. Next-generation ERP can successfully automate many of these once-manual tasks, such as through GL Outlier Detection that flags irregular transactions based on historical patterns, leading to new efficiencies and enhanced productivity.
2. Next-generation ERP, as a core component of DOP, facilitates comprehensive data visibility across the entire organization. By integrating with other next-generation applications like Human Capital Management (HCM) and Customer Relationship Management (CRM), this access to real-time data allows SMBs to make data-driven decisions and gain valuable new insights into the performance of the business. As a result, leadership can make faster, more-informed decisions to quickly respond to market changes and opportunities.
3. Cost savings: Beyond automation and the ability to streamline business processes, next-generation ERP can enable more efficient procurement, facilitate better resource allocation, better financial management and more. Also, since these systems are deployed in the cloud, they reduce the need for IT resources to execute data redundancy, data replication and disaster recovery procedures for additional cost savings.

By delivering these benefits, next-generation ERP systems can help SMBs better position themselves for newfound success. With the right ERP solution, SMBs can efficiently manage resources, quickly respond to market changes and new opportunities, and achieve their growth targets, all for a new – and sustainable – competitive advantage.

To learn more about the purpose of next-generation ERP in technology roadmaps, download the complete white paper, “A Comprehensive Technology Roadmap Can Deliver a New Competitive Advantage for Today’s SMBs.”