For business leaders, 2020 and 2021 brought into sharp focus how quickly the world can change. Those changes forced many organizations to make drastic changes, including fast tracking digital transformation plans.
It is natural that organizations, reeling from the economic strain of continuously changing restrictions, are taking steps that will help them overcome current and future challenges. These steps are the top five business trends for 2022.
Each of these business trends presents an opportunity that can be addressed by a Cloud ERP solution.
Adaptability and Resiliency
Thorsten Leppek, Director Asia Region, Acumatica, writes in a recent post that he’s seen “human resiliency and innovation rise to overcome” the pandemic-fueled challenges by using cloud ERP solutions.
Cloud-based ERP solutions gathers data from every department, making that data accessible by employees whether they are located in the office, in the field, at home, or on the road. A company can continue operating when the team has access to their business platform from wherever they’re located and whenever they need.
Resilient businesses don’t stop when it’s not “business as usual.” Instead, they adapt to the changing circumstances using modern, future-proof technology.
While resiliency and adaptability speak to the resolve to not surrender to circumstances, agility is what makes resolve possible. Agile companies can adapt to changing circumstances quickly and easily.
Operating in the cloud provides direct access to business processes day or night via any web-enabled device. Teams, whether together or apart, can pivot to remote work, connecting and collaborating seamlessly.
Businesses in 2022 understand that agility through modern technology, like cloud ERP software, is critical to future success.
Concern over the vast consumption of natural resources and a passion for preserving the environment has powerfully influenced consumer choices. Consumers consider an organization’s sustainability practices as they compare and contrast their growing options.
However, sustainability is more than a business trend; it’s a mindset. Consumers and businesses alike are demanding net-zero carbon emissions (Acumatica was recognized as a climate neutral organization in July 2021), environmentally friendly choices, and technology that helps reduce paper, water, and energy consumption.
Anyone who has worked with a company that didn’t fulfill their promises knows the importance of authenticity.
Though authenticity is one of my top five business trends, we at Acumatica don’t consider it a “trend.” It’s a way of life. We’re committed to building strong relationships with our partners, which includes offering an award-winning Acumatica Partner Program and a no-compete promise. We also offer our customers the only Customer Bill of Rights in the industry. They can trust that their rights are protected and that we’ll be there for them during the good and the bad times.
Although not a new concept, interoperability is nevertheless a must for this year and beyond.
Seamlessly integrating a cloud ERP solution with best-of-breed applications creates a connected business. In addition to resiliency and adaptability, the benefits of being a connected business include interoperability (eliminating the need to switch from one application to another and accessing business-wide data from a single source of truth), enhanced customer and partner collaboration, and the easy adoption of new technologies, such as IoT.
Organizations desiring to have a successful year should consider a cloud ERP solution such as Acumatica, a reliable, flexible, and trustworthy cloud ERP solution.