The history of ERP systems- from the beginning to now
History of ERP systems started from calculating machines in 1940s. It has evolved to the highly capable solutions that we see today.
How it began
The advent of early ERP systems began with early attempts at using calculating machines for business in the 1940’s. The focus on factory output increased and computing solutions were created in the 1960s. In the 1960’s, applications that handled inventory management and control were introduced.Enterprise Resource Planning (ERP) systems was born in infancy in the early 1960s . It was a joint effort between J.I. Case, the manufacturer of tractors and other construction machinery, and their IT partner IBM. This further led to the creation of software known as Materials Requirements Planning(MRP). MRP in the 1970’s helped plan raw material requirements for manufacturing, purchasing and delivery.
The Early Days in the history of ERP
By 1975, MRP software was running in hundreds of large companies though it was only affordable for the larger firms. The system ran on huge mainframe computers that were very expensive though their computing power was not comparable even to some of the portable computers of today.
In 1972, the firm SAP was started in Germany. The company initials stood for “Systems, Applications & Products”. SAP aimed to create business software that worked in real time. This was really path breaking in an era of reel-to-reel tapes and punch cards. SAP launched its first financial accounting system in 1973.
In the 1980s, MRP evolved to what many termed MRP II, or Manufacturing Resource Planning by adding more manufacturing processes and capabilities in order to manage as a one stop production planning solution.
The term ERP system is first used
The term ERP – Enterprise Resource Planning was first used in the 1990’s. It was able to deal with other business functions like engineering, finance and accounting, HR and project management etc. The approach was modular applications with advanced features. All the systems in the 1990’s used a legacy on-premise model till Netsuite came into being in 1996. Netsuite created an ERP system that worked across the business functions of a company but was not on-premise and was delivered over the internet.
In 2000, the Gartner Group defined ERP II as internet enabled software that gave real time access to the ERP solution. It also provided functionalities outside of the business like supply chain management, customer relationship management (CRM) and business intelligence.
The Cloud appears in the history of ERP
After 2005 or so, the trend has turned towards cloud software systems and moved away from traditional client servers models. Cloud ERP systems provided comparable functionalities to on-premise ERP at a much lower cost. They were attractive especially for small and mid-sized businesses.
They now have remote, web-based access via advanced apps that run even on mobile devices. Today’s Cloud ERP systems cover every necessary aspect of business. They have advanced reporting, analytics, business intelligence tools and functionalities. Cloud ERP is also as secure if not more than legacy ERP solutions. The future will see the integration of Cloud ERP with IoT, IoE, social media and even greater security competence.
We at Versa Cloud ERP have created a multi award winning, secure, comprehensive Cloud ERP system that is e-commerce and mobility ready. The Versa Small Business Cloud ERP dba VersAccounts system is accessible anytime, and on any smart mobile device. It provides support for e-Commerce and Multi-Channel Retail includes integration with 3rd party e-commerce platforms as well as POS systems.
In addition, the VersAccounts Small Business Cloud ERP system includes the ability to remotely manage Master Data on multiple e-commerce and POS systems including product description, pricing, images, etc.
It is affordable and targeted towards small businesses and is backed by a promise of dedicated support. It is being used by clients in diverse verticals and could help you redefine the way you operate and grow your business.
Our solution is designed for fast growing small businesses, between $1-$50 M in annual revenue, looking to upgrade business management solutions like entry-level accounting products or mid-tier legacy on-premise ERP systems or even those looking at comprehensive and affordable ERP solutions.
Built from the ground up on the latest cloud and mobile technology, the Versa Cloud ERP system allows businesses to automate and optimize their operations across multiple companies, countries, and currencies with one integrated ERP system.
We will help you in a structured manner to migrate your data seamlessly from Epicor, Infor, QuickBooks, Microsoft Dynamics, MYOB, Sage, SAP Business One etc when you make the decision.
Pricing begins at USD $1,800 per year (1 User) for access to all Versa ERP modules and integrations, and a one-time set up & migration fee of USD $4,500.
Capterra User Reviews give us a 4.8 out of 5 rating and we are working on closing the gap further.
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