In this 21st century, everybody is well aware with ERP software. It is a short acronym for the enterprise resource planning software. ERP software is a technology based on cloud infrastructure which is based on the in-house environment of an organization. It comprises all the data of all the interconnected departments of an organization.
Why an organization should inhale ERP software in it?
There are many reasons for implementing the ERP software in it -
Increased productivity and efficiency.
Cutting in operational costs of an organization.
Reducing in the data redundancy and scattering.
Faster and accurate data reporting with accuracy.
Flexible business operations.
Increased data storage capacity and security.
If we talk about Indian ERP market it is less in scope and implementation in comparison to the other markets of the world. Today the growth rate of the ERP market is all about 25% and it will continue in the 2015-2020 forecasting time period.
In India, we can expect from small and medium scale enterprises to adopt more ERP software and services in comparison to other big enterprises. The Indian government is also making its own efforts to implement the new cloud based technologies including ERP in the small and medium enterprises.
Many FMCG companies and consumer deliverable companies, engineering and automotive industries are adopting the cloud ERP based software technologies. These industries show the great potential for the ERP software market.
Reference Links -
https://www.slideshare.net/tcerp1/cloud-based-erp-software-in-india-best-erp-software-in-india
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