Home-grown ERPs offer easy solutions to small & medium cos
It comes as a succour for those SMBs which can’t afford the huge costs associated with a full-blown ERP framework, or even the time that goes into it.
By Moinak Mitra, TNN |
NEW DELHI: Call it a tech-tonic upheaval of sorts in the small & medium business (SMB) space. Going by the sudden surge in demand for niche ERP (enterprise resource planning) solutions, it comes as a succour for those SMBs which can���t afford the huge costs associated with a full-blown ERP framework, or even the time that goes into it.
Take the case of Bangalore-based Vectra, a leading auto component manufacturer���which was besotted by a range of challenges such as handling complex manufacturing practices, tracking inventory, managing internal and external suppliers, and then the works.
After it switched to the niche solution, its manufacturing processes started being efficiently handled using the discrete production module; there was end-to-end inventory lot of serial traceability by allocating unique numbers; and external and internal suppliers were differentiated by grouping supplier accounts and reports. Today, more than 75% of Vectra���s requirements are being addressed by the solution. Ditto for the trading arm of confectionery major Parry, and a swathe of other companies.
The Chennai-based Ramco Systems��� ERP ��� OnDemand solution ��� is one such home-grown innovation. Hardly six months old, OnDemand offered by the Rs 240-crore company has already snapped up 1,000 dedicated users. For SMBs, the solution comes cheap, is easy to use, also versatile and powerful.
According to market estimates, the Indian SMB segment can offer significant returns to ERP companies. The sheer number of SMBs, around 8 million, makes this sector a good bet for IT firms. According to a recent study by Access Markets International Partners, the sector is set to spend over $8 billion on its infrastructure this fiscal. This would be a 24% rise over the previous year���s spending. And that���s an opportunity companies like Ramco don���t want to slip by, particularly when Indian SMBs are witnessing dramatic changes in technology.
Simply put, companies using this specialised ERP solution need not invest in managing the system. It just has to log on and run the programme. ���You can run your MRP, your factory, your business intelligence, and what have you,��� said Ramco Systems MD P R Venketrama Raja. There has been exactly seven years of research by Ramco alone before the solution hit the market last year. ���Today, we���ve enabled companies to go live with the solution in 5-8 weeks compared to 8 months to two years in the normal run.��� For the SMBs, that���s savings with a capital ���S��� both in terms of time and money.
Take the case of Bangalore-based Vectra, a leading auto component manufacturer���which was besotted by a range of challenges such as handling complex manufacturing practices, tracking inventory, managing internal and external suppliers, and then the works.
After it switched to the niche solution, its manufacturing processes started being efficiently handled using the discrete production module; there was end-to-end inventory lot of serial traceability by allocating unique numbers; and external and internal suppliers were differentiated by grouping supplier accounts and reports. Today, more than 75% of Vectra���s requirements are being addressed by the solution. Ditto for the trading arm of confectionery major Parry, and a swathe of other companies.
The Chennai-based Ramco Systems��� ERP ��� OnDemand solution ��� is one such home-grown innovation. Hardly six months old, OnDemand offered by the Rs 240-crore company has already snapped up 1,000 dedicated users. For SMBs, the solution comes cheap, is easy to use, also versatile and powerful.
According to market estimates, the Indian SMB segment can offer significant returns to ERP companies. The sheer number of SMBs, around 8 million, makes this sector a good bet for IT firms. According to a recent study by Access Markets International Partners, the sector is set to spend over $8 billion on its infrastructure this fiscal. This would be a 24% rise over the previous year���s spending. And that���s an opportunity companies like Ramco don���t want to slip by, particularly when Indian SMBs are witnessing dramatic changes in technology.
Simply put, companies using this specialised ERP solution need not invest in managing the system. It just has to log on and run the programme. ���You can run your MRP, your factory, your business intelligence, and what have you,��� said Ramco Systems MD P R Venketrama Raja. There has been exactly seven years of research by Ramco alone before the solution hit the market last year. ���Today, we���ve enabled companies to go live with the solution in 5-8 weeks compared to 8 months to two years in the normal run.��� For the SMBs, that���s savings with a capital ���S��� both in terms of time and money.
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