Oil fields and deserts extended over miles are the first thing that pops up in one’s mind at the mention of the Kingdom of Saudi Arabia. The fact the economy of KSA depended on the oil for the long term is undeniable. However, it was quick enough for them to realize that these energy resources could not serve as the core base of the economy and capital. Saudi Vision 2030 is an effort to diversify and develop the kingdom socially, culturally, and economically by utilizing all the possible moods in working. Business transformation and digitalization is a part of this vision.
An Enterprise Resource Planning system is one of the central elements that determines your business operating model eventually. It is responsible to streamline and automate your business operation. In addition to streamlining, it centralizes the data flow to overcome silos and linkages operations such as manufacturing, supply chain management, human resources, fiscal management, project operations, and other important processes. The market size of Enterprise Resource Management software is estimated to hit 101 billion USD by 2026, highlighting the importance of ERP solutions in the digitally transforming landscape of businesses.
This blog dives into exploring the transforming economy and business in KSA, how best ERP system in Saudi Arabia are playing their part in this evolving landscape and what is the best option in enterprise planning to pursue automation with excellence. Let us explore together.
Understanding the Core Concept of Enterprise Resource Planning Systems
The business operations are not confined to a single room with all their data entered in one place. As a lot of departments are involved in every business, the scope and extent of data and workflow expands. Managing the widespread network of data, employees, resources, and departments is essential yet challenging. Enterprise Resource Planning systems are platforms that help your organization manage and streamline everything in your organization at a single platform. The biggest advantage of an ERP system is its ability to integrate all processes while giving a holistic view of your manufacturing, warehouse, inventory, logistics, sales, finances, and beyond, while on the other hand, it unifies all your data at one place giving a central hub from where anyone can access any required data without wasting any time. A single business suite application runs all your operations effortlessly.
Traditionally this system used practices such as manual data entry and physical servers. However, with a digitally transforming landscape, the ERP systems also modernized and shifted to cloud-based web applications that are accessible anywhere, anytime remotely.
Upsides of Implementing an ERP Solution
While Saudi Arabia is working to diversify their economy and develop, the digital transformation of businesses plays a pivotal role in this quest. Opting for ERP solutions will not only help achieve their Vision 2030 but also improve their workflow and efficiency, boosting their productivity and profitability. Listed below are some of the features and benefits of shifting to an ERP system.
- It helps to achieve your business goals and turn dreams into reality by automating and streamlining your business operation which helps your organization to be more productive and efficient and deliver the best results.
- With a centralized system, intra-organizational communication improves which enhances collaboration among teams and across departments, creating a connected work ecosystem.
- The centralization of departments and systems provides a transparent and unified data management which will ensure that there is little to no error, everything is coherent, and guaranteed accuracy.
- Sometimes, the solution you implement does not cater to increasing the size of your business. An ideal ERP solution provides scalability and flexibility which also helps you to optimize and save cost because you are not required to spend on upgrading and changing the software for your thriving business.
- With the real-time dashboard and holistic view of analytics, you can make data-driven decisions helping you to strategically plan your next move.
An ERP streamlines all your operations in different domains including finance, accounting, supply chain, human resources, sales and marketing, and production and manufacturing to give a seamless experience of business handling and driving growth.
Implementation Areas of ERP in Saudi Arabia
The scope and diversity of businesses are growing in Saudi Arabia, but some key areas are very central to its economy. Let us go further to explore where we can implement ERP solutions in KSA.
Oil and Gas: The economy of KSA was solely dependent upon its natural reservoirs of oil and gas. Vision 2030 extended the areas of economic reliance but still the oil and gas industry is particularly important. Implementation of ERP in this industry will help manage inventory operations, monitor the supply chain, and evaluate fiscal growth with an AI-powered solution.
Construction: As a center of attraction to tourists across to globe due to heritage and religious significance, the construction industry holds a key place in the economy of Saudi Arabia. ERP helps with project management while providing field service, planning of project, and monitoring the execution strategically to meet the end goal.
Healthcare: It is an important industry in any country and a major goal in the United Nation’s SDGs. Implementation of ERP in healthcare brings a world-class experience by centralizing the system and patients’ records while ensuring that the data is safe and secure. Automation and intelligence keep up with upcoming appointments while giving a real-time view of the entire system from patient check-in to final billing.
Other than these, ERP solutions can be implemented in manufacturing, retail, commerce, and hospitality industries to automate and give end-to-end managed experience in business operations.
Implementing the Best Fit ERP with Dynamics Solution and Technology
Microsoft Dynamics 365, as a complete business suite, comes with inbuilt capabilities of both ERP and CRM. It allows multi-department integration and built-in intelligence, which leverages the power of analytics and data to drive decisions and road maps for your business. It provides improved security, enhanced efficiency, and sustainability and allows you to customize solutions with low-code, no-code capabilities. Dynamics 365 Finance & Operations offers enterprise solutions for big organizations while Business Central equips small-medium enterprises with ERP capabilities.
Dynamics Solution and Technology is one of the trusted names in Saudi Arabia when it comes to digital transformation. As a Gold and Solution Partner of Microsoft, it has helped many businesses to digitalize with their experience team and experts. So, it is your turn to embrace the digitally transforming landscape and go along with the evolving businesses. Book your demo today to implement the best ERP system with us.