Global ERP Software Market to Reach US$67.8 Billion by 2015, According to New Report by Global Industry Analysts, Inc.
The global business environment involves complex processes that require huge inter functional data for efficient and timely decision making in key functional areas such as procurement of input parts, or raw material, accounts management, inventory control, supply chain management, and human resources, among others. With growing competition, the enterprises realize the urgent need to reduce costs while improving efficiency. ERP (Enterprise Resource Planning) streamlines the data flow and eliminates duplication of work.
Tight budget, increased legislation amid the global economic crisis makes enterprises more accountable towards spending on business process and applications. The focus is to reduce operating costs, implementation time and the cost of maintenance of the ERP system.
Vendors and customers both favour smaller scope projects that result in quick returns, and on time payments. Single application systems save on costs and generally implement faster. Ths explains the rapid growth of Microsoft Dynamics Ax, which provides huge depth and breadth of functionality, superb intregation across the Microsoft technology stack, highly scaleable and is also very easily cusotmisable to suit specific business requirements.
Another recent survey showed that for large projects Ax is typically 30% cheaper than Tier 2/3 products because it has more functionality to start with and is faster to adapt. In case you were wondering Oracle came out at around 3.5 x the cost and SAP at about 7 times.
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