Additionally, the article outlines four key factors for evaluating vendor partnerships: modern architecture for interoperability, support for cloud transition, investment in long-term cloud support, and balancing innovation with practicality. It stresses that innovation should address practical business needs rather than being pursued for its own sake. The cloud's impact on vendor-customer relationships will redefine how the value of SaaS applications is assessed, with successful vendors adapting to customer priorities.
Key takeaways:
- The transition to cloud-based ERP systems could lead to commoditization, making ERP functionality pervasive and standardized.
- Vendor support and expertise in data strategies are crucial for differentiation and successful ERP implementation.
- Modern architecture, cloud transition support, long-term cloud investment, and balancing innovation with practicality are key factors in evaluating vendor partnerships.
- Innovation should be driven by practical business needs rather than adopting new technologies for their own sake.