{"id":9559,"date":"2022-10-25T08:41:26","date_gmt":"2022-10-25T06:41:26","guid":{"rendered":"https:\/\/au.syspro.com\/blog\/why-independent-software-vendors-are-a-valuable-part-of-your-erp-system\/"},"modified":"2023-01-09T00:01:36","modified_gmt":"2023-01-08T22:01:36","slug":"why-independent-software-vendors-are-a-valuable-part-of-your-erp-system","status":"publish","type":"post","link":"https:\/\/au.syspro.com\/blog\/services-and-support-for-erp\/why-independent-software-vendors-are-a-valuable-part-of-your-erp-system\/","title":{"rendered":"Why Independent Software Vendors are a Valuable Part of Your ERP System"},"content":{"rendered":"

The software industry loves TLAs (three-letter acronyms) so we are liable to talk about certain partners as ISV’s (independent software vendors). An ISV makes software that is compatible with the ERP system you use.<\/a>\u00a0They deliver solutions that provide additional functionality\u00a0to enhance the ERP system.<\/u>\u00a0These solutions may be related to a specific industry (e.g., automotive), function (e.g., quality reporting) or technological need (e.g., networking for IoT devices). All ERP vendors have ISVs, and you\u00a0should review that the ERP application supports a growing list of ISVs who can help you operate and expand your business without needing to\u00a0change\u00a0your ERP system<\/a>.<\/p>\n

Why ISVs (Independent Software Vendors)?<\/strong><\/h2>\n

The world is moving so quickly that it can be difficult for businesses to stay current on all the technologies and information needed to maintain a successful operation. In some areas of software, mainly relating to specific industries or technologies,\u00a0providers who focus\u00a0specifically on those\u00a0areas\u00a0are able to provide solutions as new developments occur.\u00a0ISVs\u00a0tend to\u00a0have skills and knowledge in their subject area, but they don\u2019t cover the general requirements that enterprises need from business software.\u00a0These software companies are able to target such niche\u00a0functional areas that the opportunity is\u00a0best offered by only a\u00a0few providers.<\/p>\n

Typically, ERP vendors offer the broader applications companies need, while ISVs fill gaps in narrow areas of need and augment the ERP software. Therefore, the combination of products and services from ERP software and ISVs help businesses improve specific business processes. Customers derive value from the\u00a0ERP vendor\u2019s ISV alliances by having the convenience of a full-service one-stop-shop.<\/a><\/p>\n

ISVs (Independent Software Vendors) for ERP<\/strong><\/h2>\n

Think of your ERP system<\/a> as a platform for your business. It serves as the foundation for all your business\u2019s financial, inventory, production, customer services, supply chain, and reporting needs. But with ISV solutions it also gives you the option to augment specific business processes within your ERP. The ERP application<\/a> acts as the center of an ecosystem that allows organizations to meet their different needs. Platforms are becoming the preferred foundation for many digital transformation projects.<\/p>\n

ISVs offer the ERP ecosystem a wide range of extensions and add-on functionality,\u00a0to\u00a0enhance\u00a0the capabilities of the ERP application with solutions<\/a> for industry-specific requirements or to manage niche operational challenges.<\/p>\n

ISVs rely on easily connecting or integrating, their software with your ERP solution<\/a>. Therefore, you need to be certain that your ERP software has a published integration capability, a framework for connecting which anyone can find so that ISVs can effectively \u2018plugin and go\u2019. Approved ISV partners will have done the integration to the ERP already so there will be no need for additional integration work for a standard business process. If your ERP has an open integration standard, new ISVs will find it much easier and quicker to integrate their solution.<\/p>\n

What types of ISV solutions are there?<\/strong><\/h2>\n

Common categories of ISV solutions are:<\/h3>\n