Emerging Market of Enterprise Resource Planning (ERP) Software

ERP software makes automation easier and saves time and money. This is noticed by all types of organizations quickly.

ERP stands for Enterprise Resource Planning and enables data storage, management and interpretation. Ideal for managing large volumes of data, ERP system software makes it easy for companies to manage data related to product planning, shipping and payments, human resources, finance, and more.

While not 100% of companies still rely on ERP, most are aware of its existence – much because of its huge advantages.

In general, there are two ways to implement ERP – on-premise ERP and cloud-based ERP. On-premise ERP is essential for maintaining ERP software and related data within the customer organization itself. Cloud-based ERP, on the other hand, requires customers to host their software and data on other servers available online.

Currently, many health institutions, educational institutions, hotels and resorts, multinational companies, and banking organizations use ERP. Directly linked to an organization's return on investment, ERP enables better management of resources and data. And if India stabilizes in terms of technology skilled workers, the ERP market will surely see impressive growth.

ERP software for product configuration management, customer relationship management, enterprise asset management, product life cycle management, and several other business tasks. Over the years, Infor has significantly improved its service offering, not only through innovation, but also through major acquisitions.