SaaS and Cloud-International Data Corporation (IDC), the premier global provider of market intelligence, advisory services, and events for the information technology, telecommunications, and consumer technology markets, has released their latest IDC MarketScape: Worldwide SaaS and Cloud-Enabled Operational ERP Applications 2019 Vendor Assessment report.
IDC MarketScape is the ICT (Information and Communications technology) industry’s premier vendor assessment tool, providing in-depth quantitative and qualitative technology market assessments of ICT vendors for a wide range of technology markets. This comprehensive assessment of market competitors, delivered in a full-length research report, and summarized in an easy-to-read graphical depiction, provides you with the critical information necessary to make your most important technology decisions.
ERP software once belonged predominantly to large business and a handful of smaller firms that were willing to invest the time and money in these hulking systems. Times have changed quite a bit thanks to the cloud, however; with the rise of cloud-based solutions, businesses of all sizes can now roll out an ERP solution and take advantage of advanced resource management that previously was reserved for much larger firms.
This IDC study provides an assessment of the leading SaaS and cloud-enabled operational ERP software solutions and discusses what criteria are most important for companies to consider when selecting a system.
“It is imperative in today’s fast-paced global business environment that organizations manage the operation’s processes to meet the organization’s financial obligations, and this includes product-centric organizations relying on operational ERP,” states Mickey North Rizza, program VP, Enterprise Applications and Digital Commerce. “The SaaS and cloud-enabled operational ERP market is a mix of vendors with varying capabilities. It is critical that organizations select the right technology partner to help run the business for the long term.”
Once they’re up and running, people tend to be very happy with the cloud-based system because the solution improves their ability to operate more efficiently, be more collaborative with their customers, and be more responsive. While most ERP vendors and implementation firms clung stubbornly to the existing on-premise model, one that often would produce hulking systems that cost into the millions, cloud ERP make sense for everyone, especially SMBs that cannot afford the cost, implementation time and maintenance of traditional on-premise systems.