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Tuesday, 22 October 2013

ERP Software in Today’s Market

The enterprise resource planning (ERP) software market is large and complex. There are hundreds of vendors offering best-of-breed (i.e. stand alone) ERP applications or integrated ERP software suites. Additionally, many ERP software companies offer vertical market solutions to meet the unique requirements of specific industries, such as manufacturing, distribution, retail and others.Many companies use Enterprise Resource Planning (ERP) Software to improve sustainability.

An enterprise resource planning system helps organizations to track information across all departments and business functions, from accounting to human resources to sales and beyond. Enterprise planning software was introduced to describe a broader system that integrated each of these applications. The top ERP software packages will cover the following application categories.

Application Categories

  • Accounting.
  • Customer Relationship Management.
  • Human Resources.
  • Inventory Management.
  • Manufacturing.

Market Trends

  • Adoption of software as a service( SaaS) is an appealing alternative to traditional on-premise systems. The initial investment is lower, the implementation can be quicker, the user interface is familiar (it runs in a web browser), and companies don’t need full-time IT staff to maintain servers and hardware. Most ERP vendors now offer - or have plans to offer - some kind of Web-based option.
  • Mobile application development. Vendors have responded to rapid growth in Smartphone adoption by developing mobile interfaces for their ERP software systems.