Harmony in Integration: Unveiling Novel Paradigms in ERP Implementation and Trends

Abstract

Purpose: Enterprise Resource Planning (ERP) systems, originating in the early 1970s, have undergone a transformative evolution, becoming pivotal in unifying various company functions such as marketing, finance, production, and human resources. These systems, like SAP's large-scale deployments since the 1990s, enable the swift collection and processing of real-time data for effective daily management control.

Methodology: In the dynamic ERP landscape, Oracle stands out as a Leader in the 2023 Gartner® Magic Quadrant for Cloud ERP for Service-Centric Enterprises, particularly with its Oracle Fusion Cloud ERP. Recognized for financial management, order-to-cash, source-to-pay, and other ERP functionalities, Oracle excels in "Ability to Execute" and "Completeness of Vision."

Findings: Despite their transformative impact, ERP system implementations could be more flawless. Challenges include non-user-oriented interfaces, partially migrated data, and insufficient adaptation to user needs. However, these hurdles can be surmounted through meticulous planning, customized training, and system fine-tuning to align with specific business requirements.

Unique contributor to theory, policy and practice: This research article provides insight into ERP system implementation and current trends. It highlights challenges faced by businesses during implementation and proposing solutions. Emphasizing that ERP systems streamline processes and aid decision-making with real-time data, the study underscores that success requires a well-planned strategy and customization to meet individual business needs.