It is businesses’ prerogative to choose business application software that covers most of their processes. ERP systems are evolving to better serve verticals or specific industries. An ERP is like the central information system of a body; it needs both depth and breadth to effectively get to every business process and need. ERPs have had horizontals since their inception. Here horizontals refer to the standard ERP packages or modules that are a backbone to most businesses.
Conversely, verticals can be referred to any module that isn’t a part of the standard package. Verticals have evolved to target specific mission-critical functionalities of particular industries. Thus modules developed by Synconics Technologies Pvt Ltd those include certain verticals:
ERP systems began their journey with integrating industry wide departments that were a common feature in every organizational structure. However as we started to understand the extent of the potential of ERP systems coupled with the technological evolution of processes and industries; began an era of development of specific pockets of ERPs to aid the burgeoning niche segment that needed customizable solutions where only a perfect fit made sense.
The standard ERP package was designed to integrate normal routine functions and give a coherent cross platform monitoring and control. However the broad based ERP needed to be molded into a specific vertical like the healthcare industry, to serve its needs. This need has prompted the vertical growth of ERP’s.
The raw modules are already available on standard ERP’s- the additional functionality, customizations and creations are needed to ensure a perfect fit in the verticals. As ERP’s grow more popular with businesses across sectors, the number of verticals will rise as ERP start’s catering to various different kinds of industries. Contrary to the one solution fit’s all approach, ERP’s need to fabricate into the verticals from the horizontal roots.
A sector like Aerospace will spur creation of modules specific to the industry. This will undoubtedly test the capabilities of the current ERP modules and consequentially this will bring changes to the very fundamentals of data management and processing in these systems. Thus Vertical offshoots will not only further the usability and extent of ERP’s but it will also fuel the up-gradation of the horizontal standard modules.
The roots of ERP’s are strong. Let those vertical’s start a revolution!