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Emerging Market of Enterprise Resource Planning – ERP Software in India
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Emerging Market of Enterprise Resource Planning – ERP Software in India
In this post they will shed some light on the emerging market of ERP software in India. ERP software help me your business processes and streamline all the departments of your company. Today many organisation many organisations in India who are using ERP software is to enhance business growth. ERP software also enable to store company data and manage various processes such as sales, purchase, warehouse, inventory, accounting and so on… Therefore, manual intervention is less and automation is followed by the business.
As we discussed that that many organisation who are using ERP software in India. But due to the implementation timeline and cost factor ERP market it is yet to be penetrated for very small businesses in India as well as all over the world. Although with the growth of cloud ERP solution small businesses also opting for ERP development as the implementation is quick and the cost involved it is also very low compared to traditional ERP implementation.
Mostly, there are two ways of ERP implementation – On-premise ERP and Cloud-based ERP. On-premise ERP is basically about keeping the ERP software and related data in the client organization itself. Cloud-based ERP needs clients to have their software and data hosted on another server, which is accessible online.
On-premise ERP
As per research firm Gartner, the on-premise ERP industry in India is expected to grow at a 17% CAGR – raising it to $538 million by 2017 from $178 million in 2013.
At present a huge number of health facilities, educational institutions, hotels and resorts, multinational companies and banking organizations are using ERP. Directly related to the ROI of organizations, ERP provides better resource and data management. And in India is sound in terms of technically-trained professionals, the ERP market is expected to witness impressive growth.
Cloud- / SaaS-based ERP Usage
SaaS-based ERP is more convenient and being preferred by small and medium enterprises. Gartner’s studies state that diminished cost and speeder deployment are the main reasons behind this development. That’s because ‘Software as a Service’ based ERP solutions assist client organizations to deploy applications in cloud environments. The ERP software and its data are centrally hosted and accessed through the web.
While large organizations are turning towards to cloud-based ERP models, mainly due to data security, networking issues, and limited customization have held its acceptance-rate so far. However, continuous enhancements are sure to give SaaS-based ERP implementation the much-needed push in near future.
ERP systems benefit Suppliers
Like other technology, the world of ERP is filled with lots of service providers. This offered by them differs in a variety of ways, including performance, features, capacity etc. Keeping the several choices companies have, selection is not only made on the basis of features but also while keeping in mind the businesses requirements and budget constraints.
Small Businesses
ERP software in India For small business houses, Microsoft’s ERP solution, i.e. Microsoft Dynamics plays a pivotal role. It gives solutions for business intelligence and reporting, operations and human resources, and financial and supply chain management. Of the different independent solutions, Microsoft’s Axapta (Dynamics AX) and Navision (Dynamics NAV) products offer amazing distribution and manufacturing functionalities. These are widely used in the European regions. Microsoft also offers the Great Plains (GP) ERP solution that features strong Financials capabilities. GP enjoys wide acceptability in the United States.
Medium Businesses
Epicor and Infor are the two organizational names that appear in terms of ERP implementation for medium-sized businesses. Assisting over 20,000 customers in nearly 150 countries, Epicor has robust ERP solutions for distribution, manufacturing, lumber & building, retail and several more functions. The company’s ERP implementations have led to a 100% growth in the ROI of various setups, such as Hospitality, Finance, Apparel, Medicine etc. Epicor has also once been recognized for achieving the lowest Total Cost of Ownership (TCO) and total per user cost of software for medium-sized corporations.
Infor, the 3rd largest ERP manufacturer, has more than 70,000 clients in 200 countries. It has ERP software for Product Configuration Management, Customer Relationship Management, Enterprise Asset Management, Product Lifecycle Management and several other enterprise tasks. Over the years, Infor has largely improved its service offerings through not just innovations but critical company acquisitions too.
Enterprise-level / Huge Businesses
SAP SE (Systems, Applications & Products in Data Processing), known for its SAP ERP solutions, is the biggest business software company. SAP software are mainly used in Europe, Middle East, Africa, Latin America, Canada, United States, Asia Pacific and Japan. Its software solutions has ERP systems for managing human resources, manufacturing, financials, payroll, and customer relationship management. Highly preferred by big business houses all over the world, SAP ERP systems are effectively developed for the latest mobile, cloud, and in-memory technologies.
Oracle Corporation, the 2nd largest software company in the world, is another highly preferred ERP systems provider. In cutting-edge competition with SAP SE, Oracle’s ERP solutions are known for their robustness, data integrity and security features. With acquisitions of PeopleSoft (with JD Edwards) and Siebel Systems, Oracle’s customer base includes some of the most reputed global-level companies. ERP solutions for supply chain management, human capital management etc.
Open Source ERP Options
For Implementing ERP software in India; there are also Open source ERP software available in the market which can be implemented by small to large businesses in India some of them include Odoo ERP software which comes with enterprise as well as community edition also known as one of the leading open source ERP software. Further to that ERPNext which is an Indian based ERP that allows you to implement multiple integration and module for your businesses.
Due to the large profits, continuous innovations, and several other advantages that ERP implementations offer, its market is set for a good future! It so makes complete sense for individuals to do this domain as a career goal. That’s because, the requirement for trained ERP technicians will certainly rise as the market will progress.
About Globalteckz:
At Globalteckz we offer our clients with world class Business and Enterprise solutions. We are presence in India, USA, & Canada, and have successfully offered end to end solutions to our clients. Some of our services offering include leading Open Source Solutions such as Odoo, Magento, and others eCommerce development. We deliver excellence and quality for Information Technology & Software Solutions to our clients worldwide.
For questions on Odoo pricing and cost that can involve with your business you can contact our sales team on sales@globalteckz.com
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