The various exporters and OEM to global companies have also outlined and set criteria for partner companies to be ISO certified, ERP enabled and various other organizational streamlining. The leading ERP solution providers in India are coming up with innovative solutions for the business. Apart from the few big players in ERP space, NetSuite, QuickBooks, Expand ERP, Zoho and many more online providers are making solutions more affordable and friendly for the users in India. The solutions are more integrated and more robust to manage the operations end to end. The software are now integrating services of CRM, ERP and e-commerce on single platform so that businesses do not have to worry about data transfer and repeated data entry.
India is today a major consumer market and emerging significantly in the global economy. The boost has been from various sectors and industrial development. According to a survey out of about 30 emerging markets India ranks the top. Development in various sectors like healthcare, infrastructure and financial sectors has fueled the growth. Foreign direct investment is all time high. The investments in start-ups have been the highest in this year 2016.
The present government initiatives on ease of doing business and make in India has attracted foreign companies setup their facilities. The Information technology scenario in India has been favorable and impacted positively. Small and medium businesses are striving to get organized and automated with the help of ERP Service Providers in India. With the help of enterprise software and integration businesses are trying to become more efficient and survive the competition from global players.
ERP on cloud has helped make the Indian business more secured with data backup and other disaster recovery features. Besides other big players in Cloud services, Microsoft also has come up with their data centers in India and offering Azure services. Expand ERP is one such erp solution provider in india offering the service on Azure cloud bringing absolute reliability and scalability to Indian small and medium business. The global companies are betting high on the start-ups and also on such innovative ERP software companies who are adding value to businesses and making them more efficient and productive.
As the economy has become liberalized and transactions across borders are increasing in the digital space, the companies have to gear up for higher and higher volumes. Such volumes cannot be handled by basic software and any serious business will have to adopt some enterprise solution to integrate the processes and control costs. The ERP market in India is expected to exponentially grow at a CAGR of 25.4% until 2020. The major contributor in the growth of ERP is Cloud. Enterprises of all sizes are driven towards cloud based ERP.
The adoption of Cloud ERP in the small and medium sector has outperformed the large companies. However with the growing awareness of Cloud the companies also need to know the best practices in cyber security like not to share login details and not to leave systems open when away from desk. Various banks in India are doing an excellent work in making end users aware of such best practices from Net banking and other online business transactions. In a nutshell the future is driven by cloud and SME is the frontrunner in India.