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Trends driving Global ERP Usage for SMBs

Trends for Global ERP usage

Trends for Global ERP usage

Global ERP for Modern Businesses

In 2014 , a research study was done by Epicor Software based on interviews conducted with more than 1,500 business professionals in 10 countries. In the study the users of a wide range of Global ERP solutions were surveyed . About 50% of the respondents worked in the manufacturing industry. One-third of them worked in distribution and logistics companies. The remaining 20 percent worked in service sector companies. Over 20 percent of them worked in organizations with up to 250 employees. About 40% of them were from organizations with more than 250 employees, but less than 1,000 employees. Around 40 % respondents worked in organizations with more than 1,000 employees.

The key findings of the study on global ERP usage were:

Global ERP platforms and the future

What is happening in the Global ERP space

Organizations in China demonstrate the greatest commitment to technology as a driver of corporate performance. Up to 90 percent of those surveyed in China revealed that they had made key investments in business systems improvement in the period 2012-2014. Compare this to the figure of only 60 percent of survey of global respondents. Chinese businesses led the way in adoption of mobile technology to support business activities. 80 percent of Chinese businesses surveyed had mobile ERP access to the ERP. The next highest mobile ERP access rate was 70 percent in UK businesses.

According to Forbes, Price Waterhouse Coopers(PwC) had predicted that by the end of 2016, investments in SaaS solutions will more than double. Investments in traditional on premise ERP systems were expected to decline by over 30%. 2015 data shows that net new license revenues for traditional on-premise ERP systems have been declining since 2013. They had already been surpassed by global revenues from cloud-based SaaS ERP solutions. PwC also said that enterprises prefer to opt for cloud based ERP applications that can scale across a maximum number of business functions.[1]

IT expert Louis Columbus states in that 78% of small businesses in the US will adopt the cloud by 2020 which double the figures of 2015. As per, almost 60 % of US SMB’s using cloud solutions reported productivity benefits which is double the figure of SMB’s not using the cloud. 85% of cloud users were confident about security of data on the cloud. 82% of users reported significant savings after cloud adoption. IDC also reported that over 80% of mid size US companies with over 100 employees are also actively looking to use cloud solutions.[2]

The impact of cloud computing on the global ERP space

Cloud computing has created a tremendous impact on the ERP market. Only 20 % of study respondents surveyed indicated a desire to continue to invest in on-premise solutions.

The cloud takes ERP to a whole new level with the ability to do business anytime, anywhere, and from any device with internet access. The data and solutions can be accessed through the internet via a web browser and are parked on secure servers in remote locations.

The cloud ERP is the new buzzword in ERP solutions due to its affordability, easy of use, high functionality and fast setup times.

Versa Cloud ERP is truly a Global ERP

We at Versas have created a secure cloud-based comprehensive ERP solution. The Versa Cloud ERP system is accessible anytime, and on just about any smart mobile device.

With the Versa Cloud ERP solution, you can have top of the line and comprehensive business functionality built into one solution to control all your business functions. You have the ability and access to customization options on the dashboard with inbuilt functional compatibility with other leading solutions.

We will help you to migrate your data seamlessly from your current ERP solution.


“Mobile, social, cloud and ERP- Is your business ready for what’s next” by Epicor




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