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WHITE PAPERTOP 3 ERP SOLUTIONS THAT CANHELP LEAD YOUR DIGITALTRANSFORMATION

2Top 3 ERP Solutions that can Help Lead your Digital TransformationSynoptekIntroductionSince the last couple of years, a lot more companiesIf your business is outgrowing your current web ofare boldly advancing into the digital era bysiloed and disconnected IT systems and if you’reengaging with strategists to enlist IT as an enablerstruggling to drive continued value from your legacyof their businesses and using it to drive digitalsetup, now is the time to think about selecting antransformation. According to ITC, IT spending figuresERP and making the move to the cloud. But, beforeare expected to cross 5 trillion in 2021, and a numberyou make that decision, you need to understandof emerging trends herald an exciting year for digitalthe available solutions in the market, select one thattransformations.best fits your needs, implement it successfully, andachieve the ROI that you deserve.To learn about which ERP is dominating the market and which is best for your business, read this whitepaper toget much-needed insight into: The current state of digital business transformation The role of ERP A comparative analysis of the top three ERPs in the market today The road aheadThe state of digital business transformationModernization in technology and a dynamic businessWith big changes being brought by the pandemic,environment are driving businesses to go global.what many considered optional has quickly becomeAs enterprises operate from dispersed locationsimperative to ensure relevance – especially whenaround the world, disparate departments, systemsit comes to technology adoption. In 2021, 20% ofand data silos often restrict business growth. Digitalworldwide businesses will create digital visionstransformation initiatives, therefore, are a top prioritywith the bid to blur the digital and physical worldsfor most CIOs today, and many companies arethrough the use of technology. By creating valueseeking to digitize their business to drive revenue andand a competitive advantage through new offerings,innovate the customer journey.new business models, and new relationships, theycan evolve their business, enable worker productivity,better manage daily operations; all while developingnew revenue streams.

3Top 3 ERP Solutions that can Help Lead your Digital TransformationSynoptekDriving digital transformation through ERPWhen ERPs were first introduced, no one imaginedERP. The amount of data that ERPs hold, and thethem to endure through time; over two decades later,capabilities they offer to businesses small and big areERPs are still the life blood of every organization;beyond compare. And although they have notoriouslyanalysts expect the ERP market to be worth 43.35been famous for being complex to implement andbillion in 2021. Today, ERP solutions have a bigdifficult to manage without expensive and time-role to play in digital transformation; they enableconsuming customization, the whole dynamic hasgeographically dispersed users to manage all theirchanged, thanks to advances in cloud technology.business operations using a single system.With cloud ERP, global enterprises can run theirGlobalization, digitalization, and the constantintroduction of new technologies have made itvirtually impossible for businesses to move away tingEliminateRedundantProcessesbusinesses like never before. How else would weexpand businesses into new terrains of geography,product lines, and service types?Enable Flexibilityand MobilityTop benefits ofimplementing merServiceImprove DataIntegrationFosterGrowthBoostCollaboration

4Top 3 ERP Solutions that can Help Lead your Digital TransformationSynoptekIf you are looking to digitize your business, the pathWith extensions into social platforms, high scalabilityto innovation and true digital transformation beginsand flexibility, integration with modern technologieswith getting an ERP on board, and leveraging it tosuch as BI, AI, and machine learning, as well as withmanage operations across various business functions.other enterprise systems, cloud ERP is changingSince deploying an ERP system is a costly andthe way businesses operate. With cloud ERP, data istime-consuming endeavor, you need to carefullynot just made available to stakeholders in a singlepick a solution that best fits your business needs inlocation, it also breaks the barriers of geographicalorder to grow and drive substantial benefits. Whileand hardware constraints. It is enabling businessesa multitude of organizations recognize the need forto have access to all the technologies needed to drivean ERP and the benefits it can offer, the outcomedigital transformation across the enterprise.entirely depends on the ERP solution you choose.The top 3 ERPs in the market todayThere is a high likelihood that your organization isERP can give you the competitive edge you havealready on the path to digital transformation, focusedbeen waiting for. However, since the ERP marketon leveraging new technologies in order to cater tois extremely competitive, making a final decisionchanging customer demands. In the pursuit of end-on which ERP is best for your organization is notto-end digitalization, one critical aspect is evolvingeasy. While you weigh your options, there are threeyour core systems – the key transactional systemssolutions that you will invariably encounter: Microsoftthat your business depends on. Implementing anDynamics 365, SAP S/4 HANA, and Oracle Cloud ERP.Dynamics 365SAP S/4 HANADynamics 365 is a powerful contender in theSAP S/4 HANA is probably the most popular solutioncloud ERP market, with a comparatively lesswhen it comes to ERP. Considered the undisputedcomplex architecture, lower costs, and an easiermarket leader with a strong share of the ERPimplementation path. Built on the Microsoftmarket, SAP S/4 HANA is often synonymous withinfrastructure, this ERP platform brings customersERP. Since it is built from the ground-up, ratherand businesses together through a suite of next-than through acquisition, it maintains a stronggeneration applications while transformingfoothold in the enterprise market. The solutionproductivity through deep insights. The multi-lingualoffers localization capabilities for over 120 countries,and multi-currency capabilities make Dynamics 365making it accessible to a larger audience – not justa great choice for organizations with an internationalgeographically, but also across industries. Whatpresence to efficiently and seamlessly carry out theirmakes SAP S/4 HANA a winner is its deep industry-business. What makes Dynamics 365 a winner is thespecific capabilities, and expertise gained over thefamiliar Microsoft interface, the simple look and feel,years from thousands of successful implementations.and the numerous integration options, making it aAnd although it is slightly more expensive aspopular ERP across diverse industry verticals.compared to other ERPs, and has a rather longlearning curve, it is still a favorite for many around theworld.

5Top 3 ERP Solutions that can Help Lead your Digital TransformationSynoptekOracle Cloud ERPOracle Cloud ERP is another sought-after ERPand intelligent business processes. The ERP offerssolution in the market today. The solution isthe ideal amalgamation of services across modernprimarily built through development and acquisitiontechnology capabilities including advancedof robust product lines, and therefore providesanalytics and reporting, mobility, modern UI, socialflexible functionality to a variety of industries.collaboration, and end-to-end security. What makesWith capabilities across finance, accounting,Oracle Cloud ERP a winner is its modern ERPproject management, risk management, revenuearchitecture, integration with other enterprise cloudmanagement, and analytics, Oracle Cloud ERP isapplications, and scalability to suit the growing needsan ideal choice to drive operational efficienciesof businesses.

6Top 3 ERP Solutions that can Help Lead your Digital TransformationSynoptekComparing the three solutionsComparing modern ERPs like Dynamics 365, SAPlearning, and analytics. And although all the threeS/4 HANA, and Oracle Cloud ERP can be difficult andsystems offer similar features, each one has its pros,overwhelming. All three products offer a plethora ofcons, and tradeoffs. Here is a comparison chart thatnew and innovative capabilities; each invests heavilygives a snapshot of these differences:in modern technologies such as cloud, machineOracle Cloud ERPFEATUREDYNAMICS 365SAP S/4 HANAORACLE CLOUD ERPDesignBuilt on Microsoft infrastructureBuilt ground-upBuilt through development andacquisition of robust lobal capabilitiesUnified global financials andoperationsLocalization capabilities for over120 countriesCapabilities across finance,accounting, projectmanagement, risk management,revenue management, andanalyticsCloud capabilitiesMature cloud offeringMature cloud offeringDeveloping cloud offeringLook and feelSimpleSlightly complicatedComplicatedEase of useThe familiar Microsoft interfacewith the option to optimizeviews, fields, and forms withoutextensive coding enablesorganizations to implementchanges faster and get businessup to speedMost modules employ acomplex GUI and have a steeplearning curve – especially forfirst-time users. However, onceusers get used to the intuitiveinterface, there is no lookingback.The interface is not very userfriendly; organizations who havenever used Oracle applicationsfind it tough to navigatethrough the ReasonableBI capabilitiesBuilt with a host of intelligentBI tools, including CortanaIntelligence, Power BI, andAzure Machine Learning thatenable data exploration andreporting across financialstatements, business operations,tax documents, checks, invoices,and purchase orders.Although SAP S/4 HANAcomes with some stunningBI features and intuitivedashboards, reports, andanalytics, organizations need todeploy SAP Business Objects BIplatform that has its own server,database, and security structure.Offers advanced analytics andreporting that is embeddednatively and deeply across allfunctional areas.