ERP Applications and Vendors
  Home ERP Benefits Features Selection Implementation SAP Oracle Microsoft Dynamics Books
ERP Guide
Business Performance
Change Management
Data Migration
Decision Making
Enterprise 2.0 S/W
Enterprise System
ERP and Accounting S/W
Fix Implementation Failure
Functional Modules
Guide for Executives
Implementation Failure
Implementation Time
Improve ROI
Manufacturing S/W
Measuring Performance
Negotiating Agreements
Open Source S/W
Outsource Service Providers
Outsourcing Software
Project Management
Replace Existing Software
SAP Business One for SME
S/W for Telecom Sector
Syspro Accounting S/W
Vendor Shootout
Web Vs Server Based
When to Consider
 
Beginner's Guide
Basic Features
Become Consultant
Before Implementation
Best Practices
Certification Course
Effects of Enterprise S/W
ERP And CRM
ERP and SCM
Evolution and History
Finance Module
Functional Consultant
Functional vs Technical
Future of ERP
Future Trend
GAP Analysis
Get Maximum ROI
Goals and Objectives
Guide for Beginners
History and Evolution
Implementation Methods
Implementation So Long
Implementation Stages
Implementation Steps
Implementation Timeframe
Increase Productivity
Industry Focus
Issues In Outsourcing
Latest Trends
Major Pitfalls
Market and Industry
Market Growth In India
Methodologies
Open Source Popularity
Regulation Governing
Rising Need of S/W
Roles of Consultants
Software as a Service (SaaS)
Software for SMEs
System Requirements
 
 

ERP Software Industry Focus - Latest Market Trends

SocialTwist Tell-a-Friend


These times are tough for ERP software industry as economy has been soft and changing market needs and trends and lack of willingness to invest huge sums of money on IT infrastructure has enabled ERP vendors to focus on the issues which have been left out till now or ignored. Recent trends in the market suggest that in a short duration ERP software industry will be focusing on such issues aggressively and fresh innovative ideas may surface too.

Continued focus and searching new ways of improving SaaS model is expected. Mid and small market has been increasing though economic slow down may have come down heavily on some small and medium size companies but still SMB is the most promising and lucrative sector for ERP vendors. Companies in this sector does not have ample resources to improve their efficiency and market reach, which they may be able to achieve by ERP and SaaS model makes it possible in their kind of budget. ERP vendors shall continuously strive to work out better and lucrative subscription offers to attract new clients from this sector.

Focus on providing industry specific solutions rather than striving for one application solution to the whole organization will be taken up aggressively to restore trust and ensure successful implementation and operation of ERP software. Oracle has already started its effort in this direction and has provided more than 900 functions for different industries. This trend will not only reduce the size of application and complexity while implementation but also makes it easier to use and to understand. Industry specific function in the form of applications will help in quicker and easy customization according to the need of the buyer.



SOA architecture will also get a lot of focus in recent times as even staunch competitors in ERP software industry have also accepted that it is in everyone's interest if applications of different ERP software's can interact. Even sharing of API's of different ERP applications which was kept very secret previously may become a practice.

It has been proven that best way of improving ROI on ERP is to link ERP functions with business strategy. A more focused approach may be evident in near future in this direction by ERP software developers to justify the heavy investment of time and money on ERP software. This has been a serious drawback with ERP software till today which has stopped it from becoming a productive tool in true sense. Automation of processes is meant for increasing accuracy and speed but this can make it inflexible too. This situation needs different approach so that users get benefits of automation and may be able to bend them according to the needs.

Stepping up the security will also see a more focused approach from ERP software companies as more integrated and automated ERP application becomes prone to hacking. Hackers once penetrate the outside perimeter of security can abuse the system and transfer any vital information and data. New methods and approach needs to be applied for more effective security.





 Read Related Articles

ERP SoftwareSaaS ERP
ERP SystemERP Software History
Enterprise SystemERP Software Implementation
Enterprise SoftwareERP Software Market

  SocialTwist Tell-a-Friend
Review Section
Aplicor  
Dynamics AX  
Dynamics CRM  
Dynamics GP  
Dynamics NAV  
Dynamics SL  
Epicor  
Godrej eNcompass  
JD Edward  
Infor  
Microsoft Dynamics  
MySAP  
Netsuite  
Oracle  
Ramco  
SAGE MAS90  
Sage X3  
SAP  
SAP Business One  
Tally Accounting  
 
SAP Section
ABAP Module  
Architecture  
Business Warehouse  
BW Module  
Career In ABAP  
CO Module  
Components  
Course Duration  
Course Fees  
CRM  
Customization  
Data Warehousing  
Enterprise Portal  
FI Module  
Features  
HRMS Software  
HR Module  
Job Opportunities  
MM Module  
Modules Features  
Online Training  
Performance Tuning  
SD Module  
Web AS  
Web AS Features  
xApps