ERP modernization is the process of upgrading or replacing an existing ERP software to take advantage of the latest technologies, functionality, and best practices. The goal of ERP modernization is to improve business operations, increase efficiency, and reduce costs by ensuring that the ERP system is aligned with the current needs of the organization. For instance, a business uses different software solutions for different business processes. Modernizing ERP platforms can involve creating a single integrated system and removing previously existing data silos that created communication issues.