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Businesses are prioritising composable ERP strategy as pandemic accelerates cloud migration

Businesses are prioritising composable ERP strategy as pandemic accelerates cloud migration

StrategyTop Stories

Boomi, a leading provider of cloud-based integration platform as a service (iPaaS), has announced the findings from a new global survey that reveals while 93% of Australian organisations are implementing a composable Enterprise Resource Planning (ERP) strategy, more than a third don’t have the integration capabilities to drive this modernisation.

The independent survey of 1,675 CTOs and enterprise architects, commissioned with Coleman Parks, shows companies are keenly aware that their legacy ERP systems, the backbone of every organisation, are struggling to keep pace with business demands. This has fuelled interest in composable ERP strategies, with nine out of ten Australian organisations embracing a flexible platform to bridge the gap between legacy and modern applications while meeting business demands in today’s fast, competitive market.

Despite the flexibility composable ERP provides, integrating all applications to work collaboratively and share data is still a challenge. Boomi’s findings suggest implementing an integration strategy to support composable ERP systems is a top concern, with 37% of Australian organisations stipulating their current integration solutions struggle to meet business challenges. Meanwhile, 41% indicate that there is too high a cost to maintain these solutions, followed by 35% finding that they can’t cope with their complex hybrid technology environment.

In addition, as traditional integration solutions require expensive, time-consuming custom development coding, optimisation and automation is a high priority for IT teams. Results show 62% of Australian companies are investing in standardisation and consolidation of applications, while 74% are pursuing application cloud migration.

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