Businesses gained momentum emerging from the pandemic in 2022. However, currently, companies are facing issues such as labor shortages, inventory challenges, poor supply chain management, and operational inefficiency. Enterprise Resource Planning software is no longer reserved for larger organizations. Small and mid-size businesses use this integrated business management software to manage their core business processes. The worldwide ERP software market per year is more than $25 billion and grows 10-20% yearly.
The reason is simple. An ERP system replaces multiple tools for managing inventory, accounting, production, quality, etc., and provides a single platform with all of these functions in one. ERP implementation is costly and time-consuming. However, a low-code ERP solution is a less expensive alternative.
What is low-code ERP?
Let’s understand what low-code is first. Instead of complex coding, low-code platforms embrace a software development approach requiring little or no coding to design and build apps and processes. It might include visual interfaces with basic drag-and-drop capabilities that don’t require tech-savvy coding experts.
No code ERP requires no coding at all. This is the difference between low-code ERP and no-code ERP. Low-code platforms might require some customization, but no-code ERPs do not.
Low-code ERP software is growing in popularity
Low-code ERP platforms rose after COVID-19 negatively impacted the global economy. The pandemic increased the need to connect suppliers to businesses remotely through real-time applications and digital communities. Businesses that have embraced digital change more easily win opportunities with increased capabilities and flexibility.
Low-code ERP software provides the flexibility to change, rebuild, and customize apps as needs change or a business expands. It utilizes drag-and-drop features so anyone can build their custom application without IT help.
What are the pros of low-code/no-code ERP?
Low-code technology employs simple logic and allows everyone to create custom applications without having IT knowledge. An easy-to-use interface, powerful integration possibilities, and agility and adaptability make low-code ERP systems appreciated by users.
- Accelerated development process
With low-code app development, people with no coding experience can create digital products with visually appealing designs in a matter of minutes instead of weeks or months. You need just one person and not an entire team.
From creating complex apps to software customization, low-code is capable of equipping the employee with operational and powerful tools.
- Increased accessibility
Adapting quickly to changing circumstances is paramount in today’s fast-paced business environment. Low-code/no-code ERP systems offer the agility required to modify and optimize applications as business requirements evolve swiftly. Furthermore, these solutions are inherently scalable, accommodating growth without major overhauls or disruptions.
- Cost-effective solution
Low-code/no-code ERP solutions drastically cut down on development expenses, as they require minimal coding expertise. Moreover, these systems often offer subscription-based pricing models, eliminating the need for large upfront investments. Businesses can channel their resources towards growth and innovation rather than being tied up in IT expenditures.
- Flexibility and customization
Every business operates uniquely, and a one-size-fits-all ERP solution may not cater to specific needs. Low-code/no-code ERP systems provide the perfect solution enabling organizations to customize applications without diving deep into coding complexities. Tailoring workflows, interfaces, and functionalities can be done easily, ensuring that the ERP system aligns seamlessly with the organization’s processes.
- The rise of citizen developers
A unique aspect of low-code ERP is the ability to democratize app development which means even non-technical employees, also known as citizen developers, can contribute to building, customizing, and enhancing ERP applications.
This promotes cross-functional collaboration, fosters innovation at every level of the organization, and bridges the gap between IT and business units.
The rise of low-code/no-code ERP systems represents a transformative shift in how businesses approach ERP implementations and customization. By harnessing the power of citizen developers, streamlining implementation, and providing unmatched flexibility, these solutions empower organizations to stay agile, innovative, and competitive in the rapidly evolving business landscape.
As more businesses recognize the game-changing benefits of low-code/no-code ERP, it’s evident that the future of ERP lies in simplicity, adaptability, and seamless collaboration between technology and business.
| “Gartner Forecasts Worldwide Low-Code Development Technologies Market to Grow 20% in 2023.” Source: https://www.gartner.com/en/newsroom/press-releases/2022-12-13-gartner-forecasts-worldwide-low-code-development-technologies-market-to-grow-20-percent-in-2023 |
Assessing the security of low-code/no-code ERP
Traditionally, ERP systems have been known for their robust security features, ensuring the confidentiality, integrity, and availability of sensitive business data. The security landscape evolves with the introduction of low-code and no-code ERP platforms, necessitating a careful evaluation of potential vulnerabilities. While democratizing application development, these platforms may inadvertently expose organizations to new security risks.
Vulnerabilities and risks
a. Data exposure: Improperly configured data access controls and authentication mechanisms can lead to unauthorized access to sensitive information.
b. Integration pitfalls: Integrating third-party services or APIs without rigorous security assessments can create vulnerabilities that malicious actors might exploit.
c. Inadequate testing: The rapid pace of development in low-code/no-code environments may lead to insufficient testing of applications, leaving them susceptible to bugs and vulnerabilities.
d. User-generated code: While these platforms minimize the need for manual coding, users might still introduce vulnerabilities by manipulating specific components or functions.
Conclusion
The advent of low-code and no-code ERP platforms brings unprecedented convenience and flexibility to organizations seeking to enhance their operational efficiency. However, this convenience must not come at the expense of security.
As businesses adopt these platforms, a proactive approach to identifying and mitigating security risks is paramount. By carefully evaluating vendors, implementing robust security measures, and fostering a culture of security awareness, organizations can confidently embrace the benefits of low-code and no-code ERP platforms while safeguarding their valuable data and resources. In this rapidly changing technological landscape, transformation is the key to success. It is important for businesses to switch to simpler ERP platforms that are less complex and can handle business operations smoothly.
