The survival and growth of small and medium enterprises (SMEs) hinge on adopting innovative technologies tailored to their specific needs. Enterprise Resource Planning (ERP) systems and Artificial Intelligence (AI) play pivotal roles among these technologies. However, the future of MSME digitisation lies not just in any ERP system but in adopting super-specialised, vertical-specific solutions that cater to the unique needs of different sectors. Solutions that are cloud-based and plug-and-play, making them easy to implement and without extensive customisation. These systems are also easier to maintain and update, lowering IT support and maintenance expenses. Affordable ERP solutions enable MSMEs to streamline operations without the financial burden, ensuring sustainable growth.
Artificial Intelligence transforms ERP systems by making them more intelligent and adaptable. AI-driven ERP systems automate repetitive tasks, optimise resource management, and reduce human error. By integrating AI, ERP systems provide real-time insights and improve decision-making, enabling MSMEs to operate more efficiently and cost-effectively.
The future of MSME digitisation lies in adopting super-specialized ERP solutions that go beyond the one-size-fits-all approach. Vertical-specific ERP systems that effectively integrate all business processes into one cohesive system. These specialised solutions manage complexity, ensuring that all aspects of a business are streamlined and optimised for efficiency and growth.
For example, in the automobile dealership sector, Readywire offers a vertically specific ERP solution designed to address the unique challenges that dealerships face. As Viren Choudary, CEO of Readywire, states, “The future of MSMEs depends on embracing specialised solutions that cater directly to their unique needs. Our focus is on driving digitisation tailored to the specific needs of the automotive dealership sector, setting a new standard in the industry.”
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