Over the last decade, ERP software has exploded into the global business landscape. Research and forecast firm IDC says in its India packaged software market report for 2009-13 that the domestic ERP market in 2008 was $263.3 million. Springboard expects the SaaS ERP market to grow from US$35 million in 2008 to US$193 million by 2012 in APAC market. With the opening up of the economy, there has been a turnaround growth in different industry verticals thereby helping them reach new levels of maturity. This growth, along with the associated competition and quest for enhancing market share has led organizations to re-look at their processes and put in place proper process enablers and solutions to make its business more efficient and effective. Many Indian industries already have realized the need for ERP solutions, and the industry-related market growth should match the expansion of the sector as a whole.
The governments, educational institutions and companies are constantly working towards promoting and expanding the IT market. In this context ERP holds lot of promises both in terms of supply and demand. However, there are some visible roadblocks to the implementation of Enterprise Applications in India.
For many companies who are looking to restructure their ERP stay mum on the action point due to some fundamental threats they believe to face on technical aspects. The major concern seems to be â€œthe implementation shift and the effectiveness of the replacementâ€. The fate of the businesses that have already implemented and deployed ERP remains a big question mark. No doubt change is inevitable and an element for growth. Implementation is definitely easier for first timers. But when it comes to companies that already run successful ERP systems they have to stick on to the technical changes or ship out from the market. They can decide to stick on to change but it will cost them heavily. They can work on to find some replacement technology rather than going for an all round change. The effectiveness of the replacement is an important issue.
This concern was one of the many we aimed to resolve. And we have. Ramcoâ€™s solutions aimed to address business processing complexities with flexible enterprise applications, which can be delivered quickly and cost-effectively into complex environments. It also gives companies the agility they need to stay competitive, by enabling fast, flexible deployment and change on demand of business applications. We understand that the current IT landscape in most organizations is not designed to provide adequate business flexibility and real-time insights on their business. So we orchestrated a virtual innovation platform, called Ramco VirtualWorks. This platform ensures maximum flexibility in executing a business process strategy; therefore, when a business needs change, systems change automatically.
And we did not stop there. We took this a step further. With â€œCloudâ€ becoming the new trend in this industry & cloud-based solutions now gaining momentum, we combined our ERP expertise within the cloud and came up with Ramco OnDemand ERP. This SaaS solutionâ€”is primarily aimed at streamlining and integrating multiple functions and systems into one solution, providing total visibility and control of operations. Also, the Ramco OnDemand ERP is made available on the Internet, on a subscription model, and requires no additional licenses. This ensures that there is no CAPEX required to purchase the solution outright. Because it is hosted on the
cloud, you need not invest in new IT infrastructure such as hardware, middleware, networks, and so on.
We strived for a change and have taken a leap. The future of the ERP market in India is definitely promising. However, in terms of innovation we have a long way to go. But we strongly believe that every problem has a solution and every limitation has an opportunity.